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October 16th, 2023

Can You Sell a House in Foreclosure?

Can you sell a house in foreclosure? Yes, but it's complex and may not be your best option. Read how to properly navigate the foreclosure process.

READ MORE
Resource Library
October 3rd, 2023

Does Hardwood Flooring Increase Home Value?

Does hardwood flooring increase home value? The short answer is a tentative yes, but there are many factors to consider. So let’s discuss them.

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Resource Library
October 3rd, 2023

Explaining Real Estate Agent Types

Are you selling or buying a house and wish to know about the different real estate agent types you can hire? Then read on to learn about their roles.

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Resource Library
October 4th, 2023

Can You Sell a House with a Lien on It?

Can you sell a house with a lien on it? Yes, but it’s a bit complex. Discover all the options you have if you are selling a house with a lien on it.

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Resource Library
October 16th, 2023

What Does DOM Mean in Real Estate?

The DOM clock starts to run once the house is listed in the multiple listing service. But what does DOM mean in real estate? Find out here.

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Resource Library
September 25th, 2023

How Do Joint Tenancy Agreements Work?

If you want to buy a property with another person in joint tenancy, you're in the right place. Learn what you need to know to make a wise choice.

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Resource Library
October 5th, 2023

What Does Contingent Mean in Real Estate

What if your dream house is, in fact, a contingent listing? Can you make an offer? And what does contingent mean in real estate? Read this and find out.

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Resource Library
March 17th, 2023

What Is ARV In Real Estate?

You would be surprised to find out how a small renovation can help with the appraisal, and ARV is used to estimate the house's value after the repairs.

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Resource Library
June 7th, 2022

Creative Backyard Deck Ideas & Designs

Looking for budget-friendly deck ideas for your backyard? Tune in for some unique and creative deck designs to create the backyard getaway of your dreams.

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Resource Library
October 16th, 2023

What Is a Suburban Neighborhood?

Read this article to find out more about the meaning and history of suburban neighborhoods. What are the pros and cons of living in the suburbs?

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Resource Library
October 5th, 2023

Memorable Things to Do in Orange County

Are you thinking of visiting one of the largest and most scenic counties in the US? Read on and learn all the things to do in Orange County this summer.

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Resource Library
March 17th, 2023

Short Sale vs. Foreclosure: Explaining the Processes and Effects

What is a short sale? What is foreclosure? How are they different? This article discusses short sale vs. foreclosure in detail and explains the effects.

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Resource Library
October 3rd, 2023

How to Deal with Moving Anxiety

Have trouble dealing with moving anxiety? Read our blog for some useful tips on managing and reducing the inevitable stress that comes with relocating.

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Resource Library
October 9th, 2023

The Best Small Home Gym Idea

If you’re just beginning your fitness journey or you’re a pro, you might dread a trip to the gym. Read on to find the best small home gym idea for you.

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Resource Library
October 9th, 2023

Aesthetic Room Decor Ideas

Looking to redecorate your house? Here are the 10 most popular aesthetic room decor ideas in 2022, and 2 full-conversion ones if you want to go all out.

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Resource Library
October 9th, 2023

Simple Ideas for Your Next DIY Garage Storage Project

Spring cleaning time has come, and you would like to organize your garage? Read this article for some DIY garage storage ideas for your next project.

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Resource Library
March 17th, 2023

Granny Flat: New Affordable Housing Trend

Ever wondered what a granny flat is? Read this article to find out what it is, the other names it has, how to add it to your home, and how to insure it.

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Resource Library
June 10th, 2022

Simple Home Improvements: Low Maintenance Front Yard Curb Appeal in 2022

Are you looking for low maintenance front yard curb appeal ideas? You’ve come to the right place – learn how to improve your curb appeal with minimal effort.

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Resource Library
March 17th, 2023

Tips for First Time Home Buyers in California

If you’re wondering how to buy a house in California for the first time, read our tips, and you’ll be ready for everything the housing market throws at you.

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Resource Library
June 10th, 2022

Converting Your Home - 20 Best Home Office Ideas In 2022

Feeling uninspired in your current workspace? Here are the 20 best modern home office ideas that will level up your work-from-home game.

READ MORE
Resource Library
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MOST POPULAR
How To Avoid 'We Buy Houses Scams' October 18th, 2023
Full Guide to Inheritance Tax In California April 8th, 2024
Can You Sell a House in Foreclosure? October 16th, 2023
Los Angeles County Property Tax Rate April 19th, 2024
Does Hardwood Flooring Increase Home Value? October 3rd, 2023
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  • Ontario, CA
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  • CakePHP
  • History
    +

    Request History

    2 previous requests available
    • Restore to current request
    ====
  • Session
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    Session

    • Config(array)
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      • time1754264892
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    • subscribe(false)
    ====
  • Request
    +

    Request

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    Cookie

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      • plugin(null)
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    ====
  • Sql Log
    +

    Sql Logs

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    Total Time: 16 ms
    Total Queries: 28 queries
    Query Affected Num. rows Took (ms) Actions
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    3 duplicate queries run.

    Query Explain:

    Click an "Explain" link above, to see the query explanation.

    ====
  • Timer
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          • titleCan You Sell a House in Foreclosure?
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure" }, "headline": "Can You Sell a House in Foreclosure? - with a Guide to the Process", "description": "Can you sell a house in foreclosure? Yes, but the process is complex and may not be your best option. Learn how to properly navigate the foreclosure process.", "image": "https://sleeveuphomes.com/files/blog/00e5136b-a4a0-43de-9acb-810394aef39e_foreclosure.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-04", "dateModified": "2023-08-08" } </script> <p>You are behind on your mortgage payments. Maybe you missed a payment or two, but now you are starting to get letters from the lender that if you don’t bring your account to current, the foreclosure process will begin. You may have even gotten to the point where you are starting to wonder - can you sell a house in foreclosure?</p> <p>This is scary. No one wants to lose their house. Also, no one wants to be saddled with mounds of debt with no hope of ever paying it back. The bills continue to mount, and you don’t see a way beyond giving up your home or declaring bankruptcy.</p> <p>Remember, there is a light at the end of the tunnel. You do have options and one of those options is selling your home. Yes, even if you are <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">behind on mortgage payments</a> and the lender has started the foreclosure process, you can still sell your home if it’s in foreclosure. But selling your home doesn't need to be the first option.</p> <p>In this article, we will give you the details on selling your home when it is in the foreclosure process. There are plenty of pitfalls and items you need to consider when trying to sell in foreclosure. Also, while selling your home may be your best option, there are other steps you could consider as well, and we will also walk you through those options.</p> <h2>What Is Foreclosure?</h2> <p>In the simplest of terms, a foreclosure is a default on your mortgage payments due to which your lender takes possession of your property and tries to sell it to recover the losses. But <strong>missing one payment or even multiple payments <em>does not</em></strong> immediately initiate foreclosure in California.</p> <p>There is a process, and regardless of where you are in the process, you have options to sell. Your lender may foreclose on you by going through court proceedings (this is called judicial foreclosure) or without them (this is called non-judicial foreclosure).</p> <p>What method will be used depends on the laws of the state where your property is located - some states allow for only one type of foreclosure, while some allow both. In California, the lender may choose between the judicial or non-judicial method.</p> <h3>What is a Judicial Foreclosure?</h3> <p>A judicial foreclosure is when the lender files a lawsuit, asking for the court to issue an order allowing a foreclosure sale. You will receive a copy of this letter. You need to respond to the order. If you don’t respond in writing, the lender will win the case.</p> <p>You can choose to defend the lawsuit. In this case, the court will review the evidence and determine the winner. If the lender wins, your home will be sold at auction. Even if this occurs, you still have the ability to sell your house before it goes up for auction.</p> <p><img alt="a wooden judge's gavel next to a house key with a house pendant" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-depiction.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Avoid judicial foreclosure on your California home by working with a home buyer.</em></p> <h3>What Is a Non-Judicial Foreclosure?</h3> <p>Non-judicial foreclosure means that your lender does not need to initiate court proceedings to force the sale of your house. However, that does not mean that they can sell your property without following a certain process that is governed by law - they just don't need to do it through the courts.</p> <p>Federal laws regulate non-judicial foreclosure and, in California, homeowners have additional protections based on the <a href="https://oag.ca.gov/hbor">California Homeowner Bill of Rights</a>. After completing all of the required steps, the lender can sell the home at a foreclosure sale.</p> <p>Most lenders in California will opt for this process because it is quicker and cheaper than taking it to court. How do you know if your house is in a non-judicial foreclosure? There are several steps in the process:</p> <h4>Preforeclosure Borrower Outreach Requirements</h4> <p>California law requires the lender to personally try to contact you by phone or in person at least 30 days before recording a notice of default. They are attempting to assess your financial situation and explore other options besides initiating foreclosure.</p> <h4>Notice of Default</h4> <p>The non-judicial process formally begins when the lender records a <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a> at the county’s recorder’s office. The notice should include information such as the nature of the default and how to rectify it.</p> <p>Within 10 days, the lender mails a copy of the notice to you. The notice of default gives the borrower 3 months to cure the default.</p> <h4>Notice of Sale</h4> <p>If you don’t fix the default, a notice of sale will be recorded. The notice will include the time and place of the sale. The sale date must be at least 20 days after the end of the 3-month notice of default period.</p> <p>The notice will be posted at the property in a public place. It will also be published once a week for 3 consecutive weeks. It will also be mailed directly to you.</p> <h4>The Foreclosure Sale</h4> <p>The sale must be held between the hours of 9:00 am and 5:00 pm, Monday through Friday. The lender can bid up to the total amount owed on the property including fees and costs. They may bid less, knowing they will potentially take a loss on the amount owed.</p> <p>If the lender is the highest bidder, the property becomes what is called “Real Estate Owned” (REO). If a 3rd Party is the highest bidder, and the offer is more than you owe, you are entitled to that surplus money.</p> <p>The big item to remember is that you can still sell your house through the whole foreclosure process <strong>up to the moment it goes to auction</strong>. Once it goes to auction you lose control of the process.</p> <p>If you don’t leave the house after the foreclosure sale, the new owner can evict you within 3 days of the sale. This is a painful process for you and your family as the local sheriff will arrive at your house to remove you and your property. You will be forced to leave, while your belongings will be taken out of the house onto the front lawn.</p> <h3>Foreclosure Options Besides Selling</h3> <p>Besides selling, there are other options you can take to stop the foreclosure process. Whatever you do, don’t try to hide from your lender. They will either find you or start the foreclosure process if you do not communicate with them. Talking to your lender is the first place to start.</p> <h4>Restructure Your Loan or Ask For Forbearance</h4> <p>Many lenders are willing to make loan modifications if you reach out. They may extend the time of the loan, come up with a different payment plan, or even reduce your interest. You need to communicate with them and provide as much information as possible to make your case for restructuring.</p> <p>Your mortgage lender may find that you qualify for forbearance and can agree to reduce or suspend monthly payments temporarily, which will give you time to sort out any short-term financial problems.</p> <h4>Search for Money</h4> <p>You may have items you can liquidate to help you get your finances back on track. There may be things you can sell. You may have family willing to help by gifting you money or providing a loan. Find new ways to save. Sit down with your family and a financial professional and look for ways to save or restructure your budget. This can be a huge help and taking this step has helped many people from losing their home.</p> <h4>Declare Bankruptcy</h4> <p>This should be a last resort. Declaring bankruptcy will be reported to your credit report and can last up to 7 years. You need to hire a lawyer because the bankruptcy process can be complex. You will also need to enter a government-approved credit counseling program.</p> <h3>Selling Your Home in Foreclosure</h3> <p>Whether you are in pre-foreclosure or have entered the formal process, you can still sell your house prior to the auction. When you sell the property, you are able to take the proceeds and pay the lender everything you owe, including back payments and penalties.</p> <p>The benefit of selling the house is getting yourself out of the debt burden. You are free and by taking the proceeds and paying off the debt you can rescue your credit. If your house is foreclosed on, you do significant damage to your credit score. The credit damage could prevent you from purchasing a home or even a car for years to come until your credit is repaired.</p> <p>So, can you sell a house in foreclosure? Yes, but the article shouldn't end here. We should still discuss the best way to sell your house if it is in foreclosure.</p> <h4>Notify Your Lender</h4> <p>If you are thinking of selling, the first thing you need to do is to notify your mortgage lender. Let them know your plans and that you intend to take the proceeds and pay off everything you owe them. Ask the lender to postpone the foreclosure auction until you can find a buyer.</p> <p>Making this decision before the debt becomes too large will take off some of the financial pressure and allow you more time to get the best price for the property. Make sure you ask the lender how long you have to find a buyer before it goes to a foreclosure auction.</p> <h4>Hiring a Real Estate Agent</h4> <p>If you are thinking of selling your home in foreclosure, hiring a real estate agent may be the first step you consider. A good agent can run an analysis on the home to determine how much you might be able to sell the house for and whether it will be enough to pay off the mortgage.</p> <p>If you consider using a realtor, there are some factors you must consider. A portion of the sale will be eaten up by their commissions. A realtor may also recommend a short sale when you owe more than the home is worth.</p> <p>It could take 6-9 months to sell the house with a realtor. You need to determine your time frame. You will also have to be willing to schedule open houses, clean your property, and make repairs to the property as well. Depending on your time frame and financial status these may not be options for you.</p> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/family-looking-at-the-house.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>The right California home buyer can save you money on hiring a realtor.</em></p> <h4>Selling By Yourself</h4> <p>You can sell the home yourself. If you decide to do so, you need to do some research on how much your home is worth. Look at <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">real estate comps</a> to know what other homes in your market are selling for. Understand what kind of repairs will be needed on the property.</p> <p>You will also need to be able to market the home and find ways to get buyers to look at the home. Selling your house at a lower price than the houses in your market is a great way to get a buyer quickly.</p> <p>Yes, you will save on commission and could find a better price for your home than with a realtor, but there will be a lot of work on your part. Don’t forget time is of the essence when you are in the foreclosure process.</p> <h4>Short Sale</h4> <p>One option you have in foreclosure is a short sale. You may need to do a short sale when you have little or no equity in your house. For example, if your house is currently worth $300,000, but your mortgage is $350,000, you are in a short-sale position.</p> <p>The term “short” refers to the mortgage payoff the bank is willing to accept because it is less than the mortgage that is owned. For a short sale to be successful there are certain items that must be present.</p> <p>You must prove financial hardship and demonstrate it in writing to the lender. This includes documentation such as a w-2, expense report, and extenuating circumstances that caused the hardship. If there is a loss of income, it must be long-term and recovery is unlikely.</p> <p>When you have determined that paying your mortgage is impossible, you can begin the process of listing your home as a short sale. You must get the lender’s approval to begin. Most lenders will listen. They do not want to lose money but they also don’t want the headache that the foreclosure process can bring.</p> <p><strong>Short sales will damage your credit</strong> similar to a bankruptcy and it could be years before you can buy property again. You will need to recruit a real estate agent and attorney to help with the sale. This will cost money but can help you get closer to your asking price for the home.</p> <p>You need to be very clear about what you may receive for your home after commissions and fees are taken out of the closing price. You or your realtor must present the bid to your mortgage lender. They may not accept the bid and instead continue the foreclosure process in order to gain more from your home through the auction process.</p> <p>Research all your options before you turn to a short sale. It is a gamble because you may not get the relief you need and damage your credit in the process.</p> <h4>Selling to a Qualified Buyer or Investor</h4> <p>If you know selling your house is your best option, and you are under time constraints due to the foreclosure process, selling to an investor is your quickest option. Southern California is full of home <a href="https://sleeveuphomes.com/what-do-real-estate-investors-look-for-in-investment-properties">investors looking to buy property</a>. Finding an investor gives you options, but you need to know what to look for.</p> <p>First of all, investors and home buyers may have already reached out to you. Once your home goes into pre-foreclosure, your house shows up on list investors continually monitor for potential purchases.</p> <p>Some of the benefits of selling to an investor:</p> <ul> <li><strong>You will close quickly.</strong> Great investors have cash ready to purchase your house, and can often close in about a week. This is a much quicker option than listing yourself or with a realtor.</li> <li><strong>You avoid commission and fees</strong>. A great investor will not charge you any commission. They will take care of the closing costs. This could mean more money in your pocket so you can move on with your life debt-free.</li> <li><strong>You don’t have to market your house.</strong> If you have tried to find a buyer yourself, you learn quickly how much work is involved. An investor will purchase directly.</li> <li><strong>You won’t have to schedule open houses.</strong> Because you are selling directly, there is no need to schedule time for buyers to come through your house and see if they want to purchase.</li> <li><strong>You won’t need to clean up and make repairs.</strong> This holds so many people back from selling while in foreclosure. The debt is a big enough burden without having to deal with the repairs needed on the house. A great investor will take care of the cleanup and repairs.</li> </ul> <h2>Quickly Sell Your Property for the Highest Offer</h2> <p>Many people who claim to be home buyers have no experience or don’t plan on buying the home at all. They may just be middlemen looking for a deal they can sell to another investor. These <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">real estate wholesalers</a> have pools of buyers that they sell to, and they make money by lowballing homeowners who need to sell their properties.</p> <p>Make sure to ask questions of any buyer that approaches you. Do they really plan on purchasing it or will they sell the contract to another and make a profit off the difference? Do they know your area? Are they able to make repairs themselves or will they give you a low-ball price because they have to subcontract any work needed?</p> <p>At <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a>, we help people going through the foreclosure process. If you choose to sell, we can make you a cash offer that is higher than what you’ll get from any other investor or wholesaler in Southern California.</p> <p>We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers to pay top dollar for your house regardless of the condition. So, can you sell a house in foreclosure? Yes, but don't sell it to someone who will take advantage of your situation.</p> <p>If you’re ready to sell your home for the highest price possible and under flexible terms, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get a no-obligation cash offer. In case you don't like the offer or still wish to look at other options, you are free to walk away. Our offer will be on the table once you return.</p>
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          • titleDoes Hardwood Flooring Increase Home Value?
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/does-hardwood-flooring-increase-home-value" }, "headline": "Plan Before You Renovate: Does Hardwood Flooring Increase Home Value?", "description": "Does hardwood flooring increase home value? The short answer is a tentative yes, but there are many factors to consider. So let’s discuss them.", "image": "https://sleeveuphomes.com/files/blog/d686e219-f3ad-494e-930f-985f5a233ec1_a-male-worker-puts-flooring.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-03-24", "dateModified": "2023-03-24" } </script> <p>The idea of investing in a renovation project to increase your home's value can be enticing. Whether you're looking to increase the value of your home or just make it more comfortable for you and your family, one of the most popular renovation projects is installing hardwood flooring. But does hardwood flooring increase home value?</p> <p>Before you start tearing up carpets and installing hardwood floors, you need to do your research and plan accordingly. In this article, we'll discuss what factors you need to consider when planning a renovation project that includes hardwood flooring, such as cost versus return on investment (ROI).</p> <h2>Factors That Influence the Value of Real Estate</h2> <p>Hardwood flooring may seem like an easy way to add value to your home but that isn't always the case. There are many factors that impact whether or not installing hardwood will actually result in increased value for your property.</p> <p>When considering whether hardwood flooring will increase a home's value when renovating, there are several factors to consider. <strong>The most important factor is the current condition of the housing market in your area</strong>.</p> <p>If the market is strong and demand for homes is high, adding hardwood flooring may increase a home's value. On the other hand, if the market is weak and there is an oversupply of homes on the market, it may be difficult to recoup the cost of hardwood flooring when selling a home.</p> <p><strong>The second factor to consider is the condition of your existing floors</strong>. If you have carpets or laminate flooring that need to be replaced, then installing hardwood floors could increase your home's value. However, if you have tile or vinyl flooring in good condition, you may not see much improvement in value by investing in expensive hardwood floors.</p> <p>It also depends on what potential buyers are looking for in your area. In some markets, buyers may be willing to pay more for a home with newly installed hardwood floors than one with existing tile or vinyl flooring.</p> <p>In other markets, buyers may prefer real estate with tile or vinyl because they don't require regular refinishing like hardwoods do. Before deciding to install hardwood flooring as part of your home renovation project, it pays to research local trends and buyer preferences in order to determine if it will increase your home's value when selling it.</p> <h2>Types Of Hardwood Flooring</h2> <p>So, the aim of this article is to answer the question - does hardwood flooring increase home value? Besides the factors listed above, the answer largely depends on the type of hardwood flooring chosen. However, we should first define what hardwood floors are.</p> <p>Traditional, solid hardwood is made from a single piece of wood and is often considered the gold standard when it comes to adding value to a home. It can be sanded down and refinished multiple times over its lifespan, so it will last longer than many other types of flooring materials. However, because solid wood expands and contracts due to changes in humidity levels, installation costs can be higher as special techniques must be used for proper installation.</p> <p>Engineered hardwood, on the other hand, is composed of several layers of wood that have been pressed together. Typically, it has a core of high-quality plywood with a hardwood layer on top.</p> <p>The benefit of engineered hardwood is that it’s more resistant to temperature and moisture than solid wood, making it ideal for rooms with higher levels of humidity. It's also easier to install and tends to be more budget-friendly than other varieties. However, many don’t consider engineered wood true hardwood, so it may not add much value if you're looking to sell your home in the future.</p> <p>With that out of the way, let’s talk about the specific wood that is used for hardwood flooring.</p> <h3>Hardwood Grades And Costs</h3> <p>When it comes to hardwood floors, the grade of wood can make a difference in how much it increases your home value. There are various types of hardwood flooring with different grades that range from low-cost to more expensive grades. Low-cost options include softer woods like pine or fir, while more expensive grades consist of harder woods like hickory, oak, or walnut.</p> <p>The cost of installing hardwood floors will vary depending on the type and grade chosen. Higher-grade hardwoods usually carry a higher price tag due to their durability and longevity. On the other hand, lower-cost options are often cheaper in terms of installation but may not last as long.</p> <p>When renovating your home with wood floors, be sure to think about not just the initial cost of installation but also the long-term maintenance costs that could come with it. Harder woods may require more frequent polishing or refinishing over time in order to keep them looking their best, whereas softer woods may require less maintenance overall.</p> <h2>What Is The Average Cost Of Hardwood Flooring Installation?</h2> <p>We’ve discussed the different types of hardwood flooring, so now let’s discuss the costs. On average,<strong> homeowners can expect to spend anywhere between $3 to $8 per square foot on labor and between $3-10 for materials</strong>. This brings the cost of installing hardwood floors between $6 and $18 per square foot.</p> <p>Clearly, that’s a rather large range. The cost of the materials will depend on the factors discussed above, while the labor costs hinge on the type of work that needs to be done. Basic labor such as laying down subflooring and leveling out surfaces costs less, while more complex steps such as sanding or staining are more expensive.</p> <h2>Benefits Of Hardwood Floors</h2> <p><img alt="solid oak wood flooring" class="img-fluid" src="https://sleeveuphomes.com/img/solid-oak-wood-flooring.jpg" /></p> <p>While there are many <a href="https://sleeveuphomes.com/assessed-value">factors that influence a home's value</a>, hardwood flooring can certainly increase its worth. Not only does it add a warm and inviting aesthetic to any living space, but it also makes a home easier to sell and can even add resale value when the time comes. When deciding whether or not to renovate with hardwood flooring, consider the following advantages:</p> <ol> <li>Hardwood Flooring is Durable and Low Maintenance: Hardwood flooring is highly durable and easy to maintain, which means fewer repairs and less money spent over time. Plus, it doesn't require much in terms of upkeep - just regular sweeping and occasional mopping will keep it looking beautiful for years to come.</li> <li>Hardwood Flooring Increases Home Value: Installing hardwood floors can be an excellent way to increase the value of your home when you're ready to sell. Many buyers are attracted to this type of flooring because they know they won't need to spend extra money on repairs or replacements down the road.</li> <li>Hardwood Flooring Enhances Aesthetics: Last but not least, hardwood floors give any room a cozy feel without sacrificing style or sophistication. They come in various colors and finishes that can easily match any existing decor scheme while adding character and charm to any room in your house.</li> </ol> <h2>How To Prepare Before Instaling Hardwood Floors</h2> <p>Before you begin the installation process of hardwood flooring, there are some important steps you should take to ensure that your renovation will increase the value of your home. Firstly, it is essential to plan and budget for the project.</p> <p>After allocating a budget for the materials and labor costs, it's also important to consider any additional fees associated with installing hardwood flooring such as permit fees and disposal costs.</p> <p>Secondly, if you’re planning on selling your home shortly after installation, it’s best to research what kind of hardwood flooring buyers in your area prefer. Lastly, make sure to hire a professional contractor who is experienced in installing hardwood flooring so they can properly assess your space before beginning the installation process.</p> <p>Doing this helps ensure that you get the most out of your investment and makes it easier when it comes <a href="https://sleeveuphomes.com/How-Long-Does-It-Take-to-Sell-a-House-in-the-US">time to sell</a>. With proper planning and preparation, you can be confident that installing hardwood flooring will increase the value of your home.</p> <h2>Let’s Talk Numbers</h2> <p>So, if the only point of this article was to answer - does hardwood flooring increase home value? - then we could have ended with a simple yes. But we felt it was necessary to explain all the factors that could affect the value of your investment. Because, ultimately, it’s not just about increased home value, but your ROI (return on investment) when selling your real estate.</p> <p>So, are there any stats regarding the ROI when installing hardwood flooring? Unfortunately, not a lot. Precisely because of all of the moving parts we mentioned, it’s hard to determine how much you can profit from installing hardwood flooring. The most relevant stat comes from <a href="https://www.realtor.com/advice/home-improvement/will-hardwood-floors-provide-a-good-return-on-investment/">Realtor.com</a> - the ROI for hardwood floors is between 70% to 80%.</p> <h3>The ROI for Hardwood Floors in Dollars</h3> <p>The above means that if you were to pay $2,000 to install hardwood, you could sell your house for $3,400 to $3,600 more, making a profit between $1,400 - $1,600. Again, it all depends on your local market conditions, buyer preferences, the type of flooring you use, etc. So while such a high ROI may seem very enticing, it’s never a 100% safe bet.</p> <h2>Should You Sell Without Renovating?</h2> <p>We’ve answered - does hardwood flooring increase home value? The answer is a conditional yes. However, do you really need to install hardwood flooring if your main goal is to sell high? Then, the answer is a resounding <em>no</em>.</p> <p><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys properties in Southern California for top dollar. You don’t need to make any repairs or renovations to get the best price - we’ll buy it as is. On top of that, we don’t work with realtors but buy your house directly from you so you won’t be paying any real estate agent fees.</p> <p>So, before you start installing hardwood floors, calculate how much it would cost you. Then, estimate your return on investment. With that info in hand, come to us and <a href="https://sleeveuphomes.com/request-offer">request a free cash offer</a>. We’ll do an inspection of your property and make you a cash offer.</p> <p>We believe you’ll see that there’s no reason to invest in hardwood flooring when you can already get top dollar for your house as-is.</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/different-types-of-real-estate-agents" }, "headline": "What Are the Different Types of Real Estate Agents and What Are Their Roles?", "description": "Are you selling or buying a house and wish to know about the different real estate agent types you can hire? Then read on to learn about their roles.", "image": "https://sleeveuphomes.com/files/blog/5512e41a-739e-4a20-a1f3-177f28f7d2d0_real-estate-agents.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-03-10", "dateModified": "2023-03-10" } </script> <p>Most people are represented by agents during real estate transactions. But not all real estate agents perform the same function – there are different real estate agent types. And if you are looking to buy or sell a home, you should familiarize yourself with the roles these agents play.</p> <p>That is precisely what this article will help you with. By the end, you will understand the different types of real estate agents that exist, how the classifications work, and what their job is. You will also know what the difference between a Realtor and a real estate agent is. Most importantly, you will know what type of agent you need. So let’s get to it.</p> <h2>What Is a Real Estate Agent?</h2> <p><strong>A real estate agent is a <em>licensed </em>professional that represents buyers and sellers during a real estate transaction.</strong> Real estate agents must pass exams and coursework to get their real estate license. The specific requirements to qualify for a real estate agent vary from state to state.</p> <p>For example, in California, the process to become a real estate agent (officially called a real estate salesperson) is regulated by the <a href="https://www.dre.ca.gov/examinees/requirementssales.html">California Department of Real Estate</a>, and you need to:</p> <ul> <li>Take 3 college-level pre-licensing courses (135 hours in total)</li> <li>Pass the final exam for the courses</li> <li>Pass a multiple-choice salesperson exam held by the CDRE</li> </ul> <p>There are a few additional requirements to become a real estate agent – like passing background checks and paying certain fees. Candidates that meet all the requirements, pass the courses and exams, and pay the needed fees can get their real estate license.</p> <h3>What Is the Difference Between a Real Estate Agent and Realtor?</h3> <p>A real estate agent and a Realtor are not the same thing, although many people use the terms as synonyms. A Realtor is a real estate agent that is also a member of the (non-governmental trade association) <a href="https://www.nar.realtor/">National Association of Realtors</a>. A Realtor needs to abide by the NAR’s <a href="https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/2023-code-of-ethics-standards-of-practice">Code of Ethics & Standards of Practice</a> (and pay association dues).</p> <p>Besides effectively doing the same job, one of the reasons that many people think that a Realtor and real estate agent are the same is because out of approximately 3 million licensed real estate agents in the US, over <a href="https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics">1,600,000 are members of the NAR.</a></p> <h3>How Are Real Estate Agents and Realtors Paid?</h3> <p>Real estate agents and Realtors work on commission. In other words, they take a cut out of the<a href="https://sleeveuphomes.com/what-are-net-proceeds-when-selling-a-house"> proceeds of the sale.</a> Typically, <strong>real estate agents take anywhere between 3%-6% of the proceeds from a real estate transaction.</strong></p> <p>Working on commission can be both good and bad for their clients – real estate agents are incentivized to get as much money as possible for their clients because they take a percentage, but they wish to move houses as fast as possible because if they don’t make a sale, they don’t get paid.</p> <h2>The 4 Basic Types of Real Estate Agents</h2> <p>When it comes to the different real estate agent types, the first classification is based on who they represent. Thus, there are:</p> <h3>Seller’s Agent</h3> <p>Seller’s agents, also called listing agents, represent the seller of a property. It is a seller’s agent’s job to get the best price for their client and sell the property as quickly as possible. A seller’s agent should:</p> <ul> <li>Help with setting the price by researching <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">real estate comps</a></li> <li>Advertise the property through MLS services</li> <li>Help market the property</li> <li>Help with staging</li> <li>Hold open houses</li> <li>Negotiate with buyers and buyer’s agents</li> <li>Help sellers decide what the best offer is</li> </ul> <h3>Buyer’s Agent</h3> <p>Buyer’s agents are the opposite of listing agents – they represent the buyer. It is the buyer’s agent’s job to find properties that meet their client’s requirements and represent their best interests in a real estate transaction. They should compare existing properties and negotiate with seller’s agents</p> <p>Both buyer’s and seller’s agents can also help with reviewing legal documents to facilitate a real estate transaction, although that is primarily the role of attorneys and/or escrow agents</p> <h3>Dual Agent</h3> <p>A dual agent is an agent that represents both the buyer and the seller. However, <strong>dual agents are not the norm in the US</strong> and are even illegal in some states. Even where they are not, a lot of real estate agents fear a potential conflict of interest and refuse to work as dual agents.</p> <h3>Real Estate Broker</h3> <p>A real estate broker is not truly one of the types of real estate agents, but a real estate agent that has also acquired a broker’s license. Brokers can open their own brokerages, manage agents, and oversee real estate transactions. They have expanded legal and financial obligations and authority.</p> <p>A broker can be the one you hire to make sure that all facets of a transaction are compliant with the applicable laws. Naturally, <strong>a real estate broker can also represent buyers and sellers</strong>, just like a regular real estate agent. In short, a real estate broker is like a real estate agent with a higher degree.</p> <p>That also means that a broker needs to complete additional training to obtain a broker’s license. For example, in California, a broker must:</p> <ul> <li>Complete eight related college-level courses</li> <li>a) Have two years of experience as a licensed real estate salesperson or equivalent experience or</li> <li>b) Have a four-year university degree with a major or minor in real estate</li> <li>Pass the broker’s exam</li> </ul> <h2>The Different Types of Agents According to NAR Designations</h2> <p>Besides the general real estate agent types, the National Association of Realtors also differentiates between 5 types of agents in real estate based on their internal criteria. The NAR provides the following designations:</p> <h3>Sales Representative Specialist</h3> <p>The <a href="https://www.nar.realtor/education/designations-and-certifications/seller-representative-specialist-srs">sales representative specialist</a> (SRS) is a seller’s agent that has undergone additional NAR training to represent their clients. The training is supposed to teach seller’s agents methods and techniques that will improve the service they provide to their clients.</p> <h3>Accredited Buyer’s Representative</h3> <p>The <a href="https://www.nar.realtor/education/designations-and-certifications/accredited-buyers-representative-abr">accredited buyer’s representative</a> (ABR) is the flip side of the SRS. They are buyer’s agents that undergo additional training in order to provide better services to buyers of real estate.</p> <h3>Certified Residential Specialist</h3> <p>A <a href="https://www.nar.realtor/education/designations-and-certifications/certified-residential-specialist-crs">certified residential specialist</a> (CRS) is another designation awarded by the NAR. A CRS can be a seller’s agent or broker that has specialized in selling residential property. Per the NAR, the CRS designation is the highest designation awarded to seller’s agents.</p> <h3>Seniors Real Estate Specialist</h3> <p><a href="https://www.nar.realtor/education/designations-and-certifications/seniors-real-estate-specialist-sres">A seniors real estate specialist</a> (SRES) is a designation awarded to Realtors that specialize in real estate transactions with seniors. All types of real estate agents that are members of the NAR can become SRES, i.e., both seller’s and buyer’s agents.</p> <h3>GREEN Designation</h3> <p>A newer NAR designation, the <a href="https://www.nar.realtor/education/designations-and-certifications/green">GREEN Designation</a> is intended for realtors that focus on real estate transactions dealing with <a href="https://sleeveuphomes.com/how-much-does-it-cost-to-build-a-sustainable-house">eco-friendly properties</a>. The training focuses on sustainability and energy efficiency in real estate</p> <h2>A Quick Overview of the Different Types of Real Estate Agents</h2> <p>To sum it all up, there are 4 basic real estate agent types:</p> <ol> <li>Seller’s agents</li> <li>Buyer’s agents</li> <li>Dual agents</li> <li>Real estate brokers</li> </ol> <p>These different types of real estate agents are classified based on who they represent.</p> <p>Besides these 4 basic types of agents, there are also:</p> <ul> <li>Non-NAR real estate agents – licensed real estate agents that are not members of the National Association of Realtors</li> <li>Realtors – licensed real estate agents that are members of the National Association of Realtors</li> </ul> <p>On top of that, the NAR issues specific designations to its members that pass certain specialized training and education.</p> <h2>Do You Need to Hire a Real Estate Agent to Sell Your Property?</h2> <p><strong>Absolutely not</strong>. While a real estate agent can help you find buyers, they will also take a significant cut of your profits – from 3% to 6%. This is a substantial amount of money, money you can save if you can find a good buyer on your own. And that’s where we come in.</p> <p><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys properties for top dollar in Southern California. We are direct cash buyers and don’t work with realtors, so the money we pay you is the money you get to keep. SleeveUp buys all types of properties – including homes facing foreclosure, inherited homes, or any other type of distressed property</p> <p>And regardless of the state of your property, you will get top dollar. Plus, we’ll take care of the closing costs and any necessary repairs in-house. But there’s no need to take us at our word – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> and see how much you can get. We guarantee that we will pay more than the other offers you received.</p>
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          • titleCan You Sell a House with a Lien on It?
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/can-you-sell-a-house-with-a-lien-on-it" }, "headline": "Can You Sell a House with a Lien on It? (and How To Do It)", "description": "Can you sell a house with a lien on it? Yes, but it’s a bit complex. This article explains all the options you have if you are selling a house with a lien on it.", "image": "https://sleeveuphomes.com/files/blog/2a12eabb-45e1-43b5-aaf7-e90688f2df86_selling-house.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-02-21", "dateModified": "2023-02-21" } </script> <p>Let’s get straight to the point - can you sell a house with a lien on it? Typically, yes, but it complicates the process. Selling a house with a lien is contingent on multiple factors, like the type of lien, how many liens you have, the difference between your outstanding debt and the value of your home, the type of sale, your creditors, etc.</p> <p>That’s precisely what this article is meant to clarify – all the intricacies involved in selling property that has liens attached to it. And so, we should begin from the basics – what is a lien?</p> <h2>What Is a Lien? (and How To Check if You Have a Lien on Your Property)</h2> <p><strong>A lien is a legal instrument by which creditors acquire the right to claim the property of their debtors to repay any outstanding debts,</strong> under specific circumstances. In other words, a lien gives your creditor the right to use your house as collateral if you are unable to meet your obligations towards them.</p> <p>As far as checking if you have a lien on your house goes, it’s easy. All liens are recorded with your county’s clerk, assessor, or recorder, depending on where you live. You can find a lien by searching your address on their websites or even contacting them directly.</p> <h2>Is Selling a House with a Lien Possible?</h2> <p>Thus, a lien is a claim on your property by your creditors as long as you have debts. So, can you sell a house with a lien on it? In almost all cases, yes. Selling a house with a lien will make the process a bit more complicated, but it’s within your right. Typically, you have two options:</p> <ul> <li>Clearing the lien from the proceeds of the sale</li> <li>Clearing the lien up front, before the sale</li> </ul> <p>There are multiple options for how you can clear a lien (besides simply paying your debts) that we will discuss later on in the article. Before we get to that, let’s explain what the most common types of liens are.</p> <h2>Types of Liens You Can Have on Your Home</h2> <p>There are many types of liens you can have on your home, but they fall into two broad categories: voluntary and involuntary.</p> <p>Voluntary liens are those where you agree to have a lien recorded against your property, like when you take out a mortgage and the bank uses your house as collateral. Involuntary liens are those where you have unpaid debts and get a lien placed on your property through a court process initiated by your creditor or another plaintiff.</p> <h3>Voluntary Liens</h3> <p>The most common type of voluntary lien is a mortgage lien. As we’ve mentioned above, you take out a <a href="https://sleeveuphomes.com/how-does-an-assumable-mortgage-work">mortgage loan</a> and agree for the bank to place a mortgage lien on your home. If you default on your payments, the mortgage lien gives the bank the right to foreclose on your home to pay off your loan.</p> <p>Just to be clear, your creditor can’t simply foreclose on your home if you missed one mortgage payment, regardless of the mortgage lien. The <a href="https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure">foreclosure process</a> is highly regulated, varies across the US, and you can often <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">avoid foreclosure</a>. So, a mortgage lien gives your creditor the right to sell your house, but not on a whim.</p> <p>As far as mortgage liens go, there are two types:</p> <p>Primary (also called priority lien) – the first mortgage you take out on your house is the primary lien. This is the first debt that will be paid in case your home is sold in case of foreclosure.</p> <p>Secondary (also called junior lien) – you also have the option to borrow against your home equity and take out a second mortgage. Whether you take the loan from the same lender as for your first mortgage or from a different one, the second mortgage is the secondary lien. It only gets paid once the primary lien is taken care of.</p> <p>For example, let’s say your outstanding debt for your first mortgage is $300,000 and $20,000 for your second mortgage. The bank forecloses on your house and sells it for $300,000. In that case, the primary lien would be paid in full, while no money would go towards the secondary lien. In case the house sold for more, the rest of the money would go towards paying back the second mortgage.</p> <h3>Involuntary Liens</h3> <p>So, involuntary liens are placed on your property because of outstanding debts. The most common are:</p> <ul> <li>Judgment lien – when someone files a lawsuit against you, like a lawsuit for injuries or damages, wins that lawsuit, and you can’t pay the court-ordered amount, they can place a lien on your house for the amount they won. You can typically sell a property with a judgment lien on it, but you need approval from a judge.</li> <li>Child support/alimony lien – if you are unable to make your child support or alimony payments, a court can place a lien against your home. Like with judgment liens, you would need court approval before you can sell your house.</li> <li>Mechanics lien – mechanics liens are liens placed by contractors, builders, other traders, or suppliers for the work they’ve done or the supplies they sold if you aren’t able to pay them.</li> <li>Tax lien – the government can place a tax lien on your property for taxes you haven’t paid. Tax liens can be both for unpaid income or <a href="https://sleeveuphomes.com/how-is-the-los-angeles-county-property-tax-rate-determined">property taxes</a>. <em>A tax lien generally has priority over all other liens</em>. This is one of the reasons lenders often include property taxes into monthly mortgage installments – unpaid property taxes could lead to the lender losing money in case of foreclosure if the money from the sale is not enough to cover both the outstanding taxes and the mortgage.</li> </ul> <h2>What Is the Priority of Liens?</h2> <p><strong>When you are selling a house with liens on it, the debts are paid back in the order that the liens were recorded</strong>. This typically means that the mortgage lien takes priority – after all, you can’t use the property as collateral if you don’t own the property.</p> <p>From there, the liens have priority based on the date of recording with one exception – <strong>tax liens have priority over all other liens</strong>. So, a common situation when a house has multiple liens on it would be something like this, in order of priority:</p> <ol> <li>Tax lien</li> <li>Mortgage lien</li> <li>Judgment lien (recorded in 2021)</li> <li>Mechanics lien (recorded in 2022)</li> <li>Alimony lien (recorded in 2023)</li> </ol> <h2>How To Get a Lien Off Your House</h2> <p>As far as clearing liens goes, there are several options:</p> <ul> <li>Paying off your debt upfront – the first and most obvious solution is to pay off all of your debts. This will remove any liens on your property.</li> <li>Dispute the lien – in some cases, an attorney may help you dispute the amount of the lien or even remove it completely. It is not uncommon for people to repay their debt but that the lien-holder does not request for the lien to be removed so it still shows up on the records. In this case, hiring an attorney could help you out.</li> <li>Pay the debt from the <a href="https://sleeveuphomes.com/what-are-net-proceeds-when-selling-a-house">proceeds of the sale</a> – one of the first questions asked in this article was – can you sell a house with a lien on it? Again, the answer is yes, but then the amount owed would need to be worked into the <a href="https://sleeveuphomes.com/how-much-are-closing-costs-in-california">closing costs</a>. So you would pay off your debt from the proceeds of the sale.</li> <li>Selling a house with a lien for cash – in some parts of the US, you can sell your house for cash even if it has a lien on it. However, this does not remove the lien attached to the property and the buyer would need to pay off the lien.</li> </ul> <h2>Important: Clearing a Lien Does Not Clear Debt</h2> <p>If your house has liens attached to it and your creditors foreclose on your property and sell it, the liens on the property will be cleared. However, this does not mean that your debt is cleared. The liens will be paid off by priority as we’ve explained above.</p> <p><strong>You are still liable for any outstanding debt that could not be covered by the proceeds of the sale</strong>. The only difference is that the property is no longer collateral.</p> <h2>Sell Your House and Pay Off Your Debts</h2> <p>When you have outstanding debts, you need to make as much as you can from the sale of your home. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys all kinds of underwater properties for cash. We guarantee you can get more than what other investors or wholesalers are offering you.</p> <p>So, can you sell a house with a lien on it? Yes, to SleeveUp Homes. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> to see how much you can get. And don’t worry about repairs or closing costs – we will take care of it all.</p>
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          • titleWhat Does DOM Mean in Real Estate?
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-does-dom-mean-in-real-estate" }, "headline": "What Does DOM Mean in Real Estate?", "description": "The DOM clock starts to run once the house is listed in the multiple listing service. But what does DOM mean in real estate? Find out here.", "image": "https://sleeveuphomes.com/what-does-dom-mean-in-real-estate", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-15", "dateModified": "2022-09-15" } </script> <p>When buying or selling a home, you will likely come across terms and abbreviations you don’t understand, such as DOM. So,<strong> what does DOM mean in real estate</strong>? DOM means Days on Market, indicating the number of days the house has been listed in the MLS (Multiple Listing Service). It begins when it first entered the MLS and lasts until the property is <a href="https://sleeveuphomes.com/under-contract-in-real-estate">under contract</a>.</p> <p>Although this may seem simple, it can get tricky. DOM can increase even once the seller has accepted an offer and the listing status has changed. That said, your total DOM number can significantly influence your home sale. That’s why it’s critical to understand it.</p> <p>One of the first questions potential buyers will ask real estate agents is how long the property has been on the market. A higher DOM than the average can negatively affect the selling price and, therefore, the seller.</p> <p>In this article, we explore DOM meaning, how it impacts home sales, and how to reduce it to have better chances of selling your home at desired price and time.</p> <h2>What Does DOM Mean?</h2> <p>So, what does DOM mean in real estate? DOM stands for <strong>Days on Market</strong>. It’s an industry term used for helping potential buyers and real estate agents understand how long a house has been listed on MLS for sale. Day 1 is the day a property is under contract with a real estate agent and listed on the MLS, whereas the last day is when a home goes under contract with a prospective buyer.</p> <h2>Home Selling Stages</h2> <p>There are several stages involved in the home selling process, and they appear in the MLS under different market statuses. That said, the MLS status will likely move to one of the following stages once the seller accepts an offer.</p> <ul> <li><strong>Under contract</strong>: In this stage, the seller has accepted an offer, and the buyer is clearing his financing and inspection contingencies. During the under-contract stage, the seller is still willing to consider another offer if the first one falls through. In this case, the DOM clock is still running.</li> <li><strong>Contingent</strong>: In this stage, the seller has accepted an offer contingent upon something else happening, often meaning the buyer has a house they need to sell in order to buy the seller’s home. Their house may still be under contract and waiting to close or not on the market yet at all. In this case, many sellers continue to market the home, hoping they will get a better offer. And if the seller receives another offer, the first buyer typically has the chance to remove the contingency. However, if they can’t remove their contingency, the seller might accept the other offer. Here, the DOM clock also continues to run.</li> <li><strong>Pending</strong>: Here, the transaction is past due diligence requirements and ready to close. The DOM clock stops in this stage.</li> </ul> <p>Note that if the contract falls out because of issues with inspection or financing, the house returns to the market. In this case, the DOM clock continues to run. If the status was pending, the clock continues to run from where it stopped.</p> <h2>Why Is DOM Important?</h2> <p>DOM can be used as an <strong>indicator of the real estate market but also of how well a house is priced</strong>. A higher DOM can be a bad sign and negatively affect the final selling price. That said, the ratio between DOM and sales price is typically inverse, meaning that the longer the property sits on the market, the lower the selling prices will likely be. Here's <a href="https://sleeveuphomes.com/How-Long-Does-It-Take-to-Sell-a-House-in-the-US">how long it takes to sell a house in the US</a>.</p> <p>On the other hand, when a property is on the market for a short period, the list and sale prices tend to be similar. Considering <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax">the tax implications of selling</a>, it’s always better to sell your home at a higher price. And with shorter DOMs, many houses sell for more than their listing prices.</p> <p>Note that buyers often use days on market to decide their offer, and if the property has been on the market for a long time, they may be considering a lower offer.</p> <p>In addition, the higher the DOM, the more questions the potential buyer asks, such as: “Why hasn’t the home sold? What’s wrong with the property? How low will the seller go?”. As you can imagine, questions like these can further affect the home selling price to the seller's detriment.</p> <h3>Consider the History of a Property</h3> <p>When looking at a property with higher DOM, buyers should consider its history because the house may have been reduced in price, removing the major factor that was preventing buyers from purchasing it.</p> <p><strong>The number of days on the market can be misleading</strong> also if the status of the house changed to contingent a few days after being listed, but the sale fell apart. This can give you an impression that the property has been on the market for much longer than it has been in reality.</p> <h2>Can DOM Be Reset?</h2> <p>If the listing expires or is canceled, the days on market will go back to zero once relisted by another real estate agent. In some parts of the country, DOM standards show the previous listing history, also known as CDOM (cumulative days on market). Otherwise, the DOM can’t be changed and will continue growing.</p> <p>Some real estate agents relist the house while it’s still for sale after a significant price reduction, so the property appears in the listing updates as a new home for sale. However, any seasoned buyer’s agent and a knowledgeable home buyer will see through this strategy</p> <h3>What’s the Difference Between DOM vs. CDOM?</h3> <p><strong>CDOM stands for cumulative days on market</strong> and indicates the total sum of days the property has been available for sale without a successful closing. It differs from DOM as it describes all DOMs for the same listing.</p> <p>Let’s say a home has been listed for 16 days. On day 16, a prospective buyer goes under contract with the seller to buy the property. However, the deal falls through after a week. In this case, the property is relisted on the MLS with a DOM of 1 and CDOM of 17 - the original 16 days and the new day one listing.</p> <p>Still, CDOM doesn’t indicate the total sum of days a property has ever been listed. Instead, it relates to the most current try to sell the house.</p> <h2>How to Reduce the DOM</h2> <p>As we mentioned, the longer the property is in MLS, the smaller the chance it will sell at the desired price. For this reason, sellers should focus on reducing the home’s time on the market.</p> <p>There may be some things that are deterring buyers from making an offer. If you understand where the issues are and fix them, you can keep the DOM low. Here’s advice on how to reduce the number of the days on market and sell your house faster and at a favorable price.</p> <h3>Set the Correct Price</h3> <p>The DOM statistic is an excellent indicator of how well a property is priced. Houses that are competitively priced tend to go under contract faster than their overpriced competition.</p> <p>More often than not, sellers choose a price that’s above where the property should be listed in reality because they can always drop the price if they don’t get any offers. However, the best showings happen in the first several days on the market.</p> <p>The first prospective buyer will already have been looking for a while and even lost out on a couple of houses and will jump on a well-priced property. But if the house is overpriced, they will likely overlook it. They assume the seller won’t take a lower offer since the listing is new. However, as the DOM clock accumulates time, homebuyers begin to wonder where the problem lies.</p> <p>Eventually, the seller will consider dropping the prices. But as the price reduces, the DOM grows, creating even more suspicion about the property. When this happens, sellers tend to chase the market with the following price reductions, yielding lower offers and selling for less than they planned.</p> <p>That’s why <strong>pricing the house correctly from the start can generate a higher net</strong> and prevent a significant price reduction. Typically, sellers see the highest net profit during the first 30 days on the market, and this is why strategic and realistic pricing is essential.</p> <p>Correct pricing from the start is an excellent way to generate buyers and offers. The idea here is to price the home properly so you can get multiple offers. This is the best way for a seller to get more than the asking price. That said, once the potential buyers see the property as a great value, they are willing to make an offer, and the more offers you generate, the higher the final selling prices will be.</p> <h3>Be Flexible</h3> <p>To sell a house, you need to show it to prospective buyers. However, this may not always be convenient. If they can't see the property, they likely won’t make an offer. That’s why sellers need to be willing to change their plans to allow potential buyers to view the house.</p> <h3>Stage the House</h3> <p>If you want to sell your home quickly, it needs to look great. This can mean decluttering, cleaning, making minor repairs, and painting. This is a vital step in the home selling process because <strong>properties that look uncared for tend to stay on the market for a longer time</strong>.</p> <p>So, make sure your home is neat and clean, fix the taps, paint the walls in neutral colors (buyers like neutral colors because, this way, they can imagine how their space would look), and remove your photos and other things that infuse the property with your life. Also, enhance the curb appeal by planting some flowers. This way, your home will look inviting and have better chances of selling quickly at the desired price.</p> <p>If your home is under <a href="https://sleeveuphomes.com/what-is-an-hoa-the-meaning-regulations-pros-&-cons">HOA</a>, make sure to follow their guidelines when enhancing your home and increasing its value.</p> <h3>Get the Marketing Right</h3> <p>Once you stage your home, it’s time to focus on marketing. One study found <a href="https://www.prnewswire.com/news-releases/professional-real-estate-photography-sells-homes-32-faster-273534171.html">properties with high-quality photographs sell 32% faster</a> than homes without them. So, it's a good idea to get professional photographers to make an excellent first impression when the buyer sees your home in the MLS listings. This can be a deciding factor in their decision-making process. Having a detailed description in the listing can help too.</p> <p>The marketing can include social media posts, classified advertising, but also ​​old-school tactics such as signs, postcards, and print ads.</p> <h3>Negotiate</h3> <p>When selling a home, you may get offers you consider too low. In this case, it’s important to <strong>negotiate to not sell your property for less than its worth</strong>. However, negotiating isn’t easy if you have a lot of emotions tied up in the house. That said, keep your emotions in check and try to find the middle solution.</p> <h3>Choose a Skilled Real Estate Agent</h3> <p>A skilled real estate agent can help accelerate the home selling process because they know the market. They will likely find a buyer quickly and ensure the best possible price.</p> <p>It may be tempting to hire the first agent you find, but it’s better to be more selective. So, don’t hesitate to contact several agents and choose the one that seems to be the most qualified. Looking for their track records of success can help too.</p> <h2>Skip the Hassle: Sell Your Home Quickly</h2> <p>In this article, we have answered the question: “What does DOM mean in real estate?”, and discussed how DOM can impact the final selling price. You also got several tips on how to reduce this number and sell your home faster at the desired price. Even so, the home selling process can be tricky and full of surprises.</p> <p>If you want to skip all the hassle and sell your home quickly and for top dollar without making any repairments, marketing, and real estate agents, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We’ll buy your home as is for the best price. And you don’t have to take our word for it - request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and see for yourself!</p>
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          • titleHow Do Joint Tenancy Agreements Work?
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/joint-tenancy-agreements" }, "headline": "How Do Joint Tenancy Agreements Work?", "description": "If you’re wondering whether to buy a property with another person in joint tenancy, you’re in the right place. Learn what you need to know to make a wise choice.", "image": "https://sleeveuphomes.com/files/blog/4403a2c8-6506-4e5d-bbe9-a3b9ff5a5de2_black-couple-sitting-on-a-sofa.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-12", "dateModified": "2022-09-12" } </script> <p>When looking at all the steps involved in buying a home, you might ask yourself whether your finances will suffice. Even with an excellent credit score, saving money for a down payment and closing costs can get complicated.</p> <p>For this reason, many people opt for buying a property with another person under <strong>joint tenancy</strong> as this way they share the financial responsibilities. Purchasing a home with someone can allow you to become a homeowner earlier than you would on your own. However, sometimes shared ownership of a house can be tricky to navigate.</p> <p>Here, we discuss joint tenancy, how it works, and its pros and cons to help you decide whether this financing option might suit you.</p> <h2>​​What Is Joint Tenancy?</h2> <p>Joint tenancy refers to ownership where <strong>two or more parties enjoy equal rights to share and responsibilities for personal or real property</strong>. This legal ownership agreement can be used by both married and unmarried couples, relatives, close friends, and business partners. Note that joint tenancy differs from other co-ownership agreements as it includes the right of survivorship which prevents interest in the property from being inherited by the co-owners' heirs.</p> <p>While joint tenancy can apply to the ownership of various assets, such as personal property, real estate, business ownership, and banks and brokerage accounts, people generally think of it in relation to purchasing a home.</p> <h3>Key Characteristics of Joint Tenancy</h3> <p>One of the main features of joint tenancy is the right of survivorship - if one of the owners dies, the other owner or owners get their share.</p> <p>Each co-owner has equal rights to use and enjoy the property. However, specific requirements must be met for this to happen. Joint tenancy typically requires <strong>time, interest, possession, and title</strong>, meaning that the owners have to become joint tenants in the same instrument or deed at the same time. Moreover, they must have an equal ownership interest and take possession of the property at the same time.</p> <h2>How Does Joint Tenancy Work?</h2> <p>All parties have to enter the co-ownership at the same time through the same deed to begin joint tenancy. The deed indicates that the joint tenants own an equal amount of interest and are financially responsible for it. Moreover, each tenant shares the responsibility of paying for the mortgage and property taxes.</p> <p>Because the joint tenants have equal interest, <strong>the property can’t be sold if one party doesn’t consent</strong>. However, a joint tenant can choose to transfer their interest to another party instead of selling.</p> <p>Even so, the new party may not enter the joint tenancy when the interest is transferred. Instead, the joint agreement is ended, and the new party has to enter a new co-ownership arrangement with the remaining tenant, known as the tenancy in common.</p> <h2>Tenancy in Common vs. Joint Tenancy</h2> <p>As you know by now, joint tenancy isn’t the only way that two or more people can enjoy shared ownership of a property. Depending on the relationship between the parties involved and other circumstances, they may choose to enter a <strong>tenancy in common</strong> agreement instead of a joint tenancy. While these two terms sound similar, there are several vital differences between them.</p> <p>With the joint tenancy, all parties have equal ownership of the property. On the other hand, with the tenancy in common arrangement, the interest can be split into different percentages. Let’s say you bought a house with two relatives where you own 40% of the property, and they own 30% each. Even though you own more, all three of you would have a claim on the property. This means no party can claim ownership over it.</p> <p>Moreover, tenancy in common allows co-owners to transfer or sell their share without the consent of other tenants, meaning heirs can inherit the shares of the deceased co-owners in the property after they die.</p> <h2>Joint Tenancy with Right of Survivorship</h2> <p><strong>Joint tenancy with right of ownership</strong> (JTWROS) is popular among married couples. Here’s why - in JTWROS, if one owner passes away, their share automatically goes to the other owner or owners, meaning a widowed spouse can remain in the house with full ownership and no legal fights.</p> <p>That said, JTWROS allows the property to bypass probate and pass directly to the surviving owner or owners. Skipping probate is particularly important if one of the tenants needs to use the property continually as their residence or keep a business going. The survivor will only have to deliver the proof of the JTWROS and a death certificate or other proof of death of the deceased to remain on the property.</p> <h2>The Benefits of Joint Tenancy</h2> <p>Sharing ownership in joint tenancy has several benefits, including:</p> <h3>Affordability</h3> <p>If you don’t have the funds or credit score required to qualify for a mortgage and buy a home on your own, <strong>joint tenancy can make homeownership a more affordable option</strong>. Typically, you will need a credit score of at least 620 and a debt-to-income ratio below 50% to qualify for a conventional loan.</p> <p>With joint tenancy, co-tenants still need a good credit score, but the income and debts of co-tenants are combined to calculate the DTI, making it easier to get a mortgage and secure a lower <a href="https://sleeveuphomes.com/how-are-minorities-affected-by-the-rising-interest-rates">interest rate</a>. Besides that, all obligations and financial burdens are equally divided and, therefore, more manageable.</p> <h3>Rights to Rent and Profits</h3> <p>Joint tenants are typically entitled to a share of the rents and profits the property receives in case of renting.</p> <h3>Right to Survivorship</h3> <p>As we mentioned, joint tenancy enables the survivor tenant to obtain the deceased share at the time of death. The process of transferring property is usually automatic and requires little to no paperwork.</p> <h2>The Drawbacks of Joint Tenancy</h2> <p>While joint tenancy offers many benefits, it does come with several drawbacks too, such as:</p> <h3>Vulnerability to Creditors</h3> <p>Sometimes, one of the joint tenant’s creditors can force a property sale for the said tenant to pay off a debt. This would leave the other joint tenants vulnerable to such risk even if they didn’t benefit from the other tenant’s debt.</p> <h3>No Inheritance Rights</h3> <p>Joint tenants don’t have the right to transfer their share of the property after their death. Instead, they stop owning their portion of the said property, even if their will states otherwise.</p> <h3>Compromising</h3> <p>With joint tenancy, one tenant <em>must get permission</em> from the other joint tenants to make vital decisions regarding the property. For instance, they may need a permit to obtain a<a href="https://sleeveuphomes.com/how-does-an-assumable-mortgage-work"> mortgage on the house</a> or transfer their share to someone else. This can be challenging if joint tenants disagree or don’t get along.</p> <p>However, an individual may petition a court to partition the property by forcing a sale or physically separating the property. This way, the property would no longer be owned in equal shares.</p> <h3>Divorce or Separation</h3> <p>If a married couple buys a house as joint tenants, their divorce or separation could <strong>complicate future legal battles</strong> because a divorced co-tenant is still responsible for their former spouse’s share of the debt. What’s more, neither party can sell the property without the permission of the other.</p> <h2>Choose Your Co-Tenants Wisely</h2> <p>Joint tenancy can allow you to buy a property sooner and have an easier time regarding financial obligations. However, this means you will be sharing the property and all the responsibilities that come with it with one or more individuals. That’s why it’s important to fully trust the people with whom you enter a joint <a href="https://sleeveuphomes.com/the-way-selling-property-with-tenants-should-be-done">tenancy agreement.</a></p> <p>If you want to buy a new home with other individuals as joint tenants and have an old house to sell, consider selling it to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We’ll buy it as is for top dollar, which can help you save money for a down payment for your new home in no time. But don’t take our word for it - request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a>, and see for yourself!</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-does-contigent-mean-in-real-estate" }, "headline": "What Does Contingent Mean in the Real Estate Industry?", "description": "What if your dream house is, in fact, a contingent listing? Can you make an offer? And what does contingent mean in real estate? Read this article to find out.", "image": "https://sleeveuphomes.com/files/blog/c4cc7cbc-8222-4aa3-a215-8ab6eb0dd36f_real-estate-agent-shaking-hands-with-client.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-29", "dateModified": "2022-06-29" } </script> <p>Let's face it - house hunting is tiring. But it's all worth it once you find the one house that fits all your needs and stays within your budget. However, what if your dream house is, in fact, a contingent listing? Can you make an offer? And what does contingent mean in real estate?</p> <p>We know how many real estate terms there are and how confusing they can be. That is why we made this in-depth article explaining different listing statuses but focusing on contingency. If you are working with a real estate agent it is best to consult with them on every home purchasing decision, such as making a contingent offer or what contingency clauses to put in your offer.</p> <p>Nevertheless, it is best to get familiar with these terms so you can have a productive conversation with your agent, rather than spending time not knowing what they are talking about.</p> <h2>Contingent Listing Status</h2> <p>There are listing services that real estate agents use to get information on all properties on the market. The listed houses are not in the same phase of the sale. Active listings are referring to the houses without accepted offers. Once the seller accepts the offer, the listing status transfers to contingent.</p> <p>When a seller finds the offer they are satisfied with, the sale is not done yet. The seller and the potential buyer sign a sale contract, and until all the clauses from the contract are met - the house remains contingent. But why, what does contingent mean in real estate?</p> <p>The term contingent stems from contingency clauses. Contingency clauses are actually the conditions that the buyer sets for the seller in the offer and (if they accept it) later in the sales contract. Each clause serves to protect the buyer and his earnest money. Additionally, the clauses give the prospective buyer a way out in case some conditions aren't met.</p> <p>There are many types of contingencies, and every homebuyer chooses carefully what to put in their offer since sellers don't like to be conditioned - especially in the hot market.</p> <h2>Types of Contingencies</h2> <p>The offer that the buyer makes is rarely just about the money, it is also about the nuanced way to come up with contingency clauses. Real estate agents are very helpful during this time in the home buying process, as they can advise you what not to compromise on, like home inspections and financing.</p> <p>The most common contingency is probably <em>financing contingency</em> or <em>mortgage contingency</em>. That is because most home buyers have to take on a loan to buy a property. Although preapproval means a lot, it is not always certain that you will get approved. The mortgage clause protects your earnest money in case you don’t get approved for a mortgage.</p> <p><em>Appraisal contingency</em> refers to the permission to back out of the sale if the appraisal value of the house is less than the sale price. An appraisal contingency is required when there is a mortgage lender involved, but cash buyers often use it as a future safeguard against potential equity loss.</p> <p>There was a lot of talk about inspection contingency amidst the flaming hot market in 2021. Real estate agents were repeatedly advising people not to compromise on inspection contingencies, but the gap between demand and supply was so large that people had no other choice.</p> <p><em>The inspection contingency</em> is a clause in the sale agreement that allows the buyer to back out if there is a major repair issue with the property. Two parties can even agree that some repair costs get paid by the seller before the sale gets finalized.</p> <h2>Can You Make an Offer on a Contingent Listing?</h2> <p>Since the sale can fall through during contingency, many sellers keep their options open and accept backup offers. Contingent property is, therefore, an active listing - but purchasing it could be more expensive and complicated than the regular active property.</p> <p>Backup offers should be carefully thought out. While you are focusing on getting that particular house, the seller is looking for the best offer and you might lose time and resources, but end up priced out.</p> <p>A seller who just got out of contingency status is probably impatient, eager to sell and looking for the easiest way out of the market. If there is a cash offer or a buyer without contingencies a seller might gravitate toward them, rather than you - another regular buyer with a new set of contingencies.</p> <p>However, this doesn’t mean that you should abandon your needs. Consider the advice of your real estate agent, and don’t compromise on what is important to you. It’s better to spend a few more weeks looking for a new house, than years on paying unexpected repair costs.</p> <p><em>Title contingency</em> is another common clause in the sale agreement. A title company should inspect each title transfer since the house’s first owner, to make sure that there are no liens on the house. You don’t want to pay off other people’s debts or to have an old relative pop up and ask for a part-ownership.</p> <h2>Contingency Statuses</h2> <p>You might have seen many different labels of contingency statuses. A house is rarely in a plain contingent state. Rather, a seller will specify how open they are to an offer. That is why listing agents use subcategories. There are six most commonly used contingency statuses, and each of them has a slightly different meaning for a house hunter.</p> <p>Contingent property is the closest to active status when it is marked Contingent: Continue to Show or CCS. This means that the seller continues to show the property and accept offers while dealing with multiple contingencies.</p> <p>Contingent: No show is a listing status the closest to a house being off the market. The seller and their agent are sure that all contingencies will be met in no time. These properties do not accept new offers and there are no showings. It is best not to get caught up on properties in this category.</p> <p>When a homeowner has major financial issues and <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">isn’t able to pay their mortgage installments</a>, there is a high chance of a short sale scenario. If a house is in short sale contingency it is very unlikely that it will come back to an active contingency status.</p> <p>During a short sale, a seller is accepting offers for less money than the house’s actual market value and even less than what they own on the mortgage. Short sale contingent properties are not accepting new offers, they are in a process of a short sale, which can take months.</p> <p>A contingent property can be with or without a kick-out clause. If there is a deadline for the buyer to fulfill all contingencies then there is a kick-out clause. Without it, the seller can take as much time as they need to meet all conditions listed in the sales contract.</p> <p>There is another category you might have seen while browsing through the listings, and it is a contingent probate status. This status occurs when a homeowner passes away, and there are no plans set in place after his or her death.</p> <h2>The Difference Between Contingent and Pending Status</h2> <p>Contingent vs pending status is sometimes, mistakenly used interchangeably. Property with pending status is much closer to closing than the one with contingent status. A house is pending when all contingencies are met, and the sale is in process.</p> <p>It is quite unlikely that a pending home returns to active status. A buyer will probably lose their earnest money if they back out of the sale during pending status. A seller has to pay penalties if they back out of the sale at this point of the process.</p> <p>That is why many real estate agents will advise you not to get your hopes up for a pending property. Nevertheless, the chances are low - but never zero.</p> <h3>Common Pending Statuses</h3> <p>It is not illegal to put an offer on a pending property. Especially if the seller notifies that they are taking backups or that the property is pending for more than 4 month</p> <p>Another common pending status is a pending short sale, which is similar to the contingent short sale, just a bit further along the process.</p> <h2>Do You Want to Avoid Contingencies When Selling a Property?</h2> <p>If you were thinking about selling your house, this article shouldn’t discourage you. If you want to avoid contingencies and a long selling process, we have a solution for you. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> is ready to buy your house as-is, and we don’t need a long time.</p> <p>We are guaranteeing ten grand more, and without fees, commissions, and no repairs. Just contact us, <a href="https://sleeveuphomes.com/request-offer">request an offer</a>, and see for yourself</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-arv-in-real-estate" }, "headline": "What Is ARV In Real Estate?", "description": "You would be surprised to find out how a small renovation can help with the appraisal, and ARV is used to estimate the house's value after the repairs.", "image": "https://sleeveuphomes.com/files/blog/8d8fb3d8-e7ff-46e7-a500-d2148a6bde68_real-estate-appraiser-estimate-house-value-arv.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-15", "dateModified": "2022-06-15" } </script> <p>Anyone who has ever dabbled into the world of real estate investment heard at least once about the term "ARV". Suppose you are thinking about flipping a property or increasing the value of your house. In that case, ARV is a useful tool for measuring the potential value of real estate and calculating your return on investment.</p> <p>You would be surprised to find out how a small renovation can help with the appraisal, and ARV is used to estimate the house's value after you have finished the repairs. It can be anything from adding square footage to fixing curb appeal or even adding modern appliances. There is no better way to visualize the potential worth of your fixer-upper property than using ARV.</p> <p>However, as with many real estate terms, it may be unclear what ARV really is and how it is calculated. That's why we created this article to help you get the idea of ARV and find out if it can be useful for you.</p> <h2>After Repair Value</h2> <p><img alt="house remodel construction arv repair property" class="img-fluid" src="https://sleeveuphomes.com/img/house-remodel-construction-arv-repair-property.jpg" /></p> <p></p> <p>ARV or After Repair Value is a measuring tool often used by real estate investors buying fixer-upper properties, to determine the cost of repairs, maximum bid price, or a potential sales price. Still not sure what is ARV? Don't worry, here is an example.</p> <p>You are an investor looking for a distressed property to flip and sell for profit. That investment property in its current condition is worth $200,000 and you hire an appraiser to determine what should be repaired and how much value would those repairs add. Alternatively, you can create a list of repairs and renovations and give it to the appraiser to estimate the potential value.</p> <p>You would add renovation costs to the selling price of the house. Additionally, the future price can also be estimated by looking at market conditions, age, and the neighborhood where the property is located. You can take a renovation <a href="https://sleeveuphomes.com/mortgage-rates-jump-for-the-second-time-in-a-week">mortgage</a> to pay for the repair cost, or buy a property for a discounted price, considering the cost of repairs. Lenders offer a maximum loan amount of 65% of the ARV.</p> <p>Let's say that the assessment of future value goes $100,000 above the sale price, which means that you have to make that money work for both renovation costs and your profit margin. Now that we know what ARV is, let's find out how to calculate it.</p> <h2>How to Calculate ARV?</h2> <p>We established that the price after repairs or ARV will be a tool to determine the property's future value after all renovations are done. You can use this tool even if you are not an investor, but just want to increase the value of your home. Well, lucky for you there is a simple formula that investors use to determine the ARV:</p> <p style="text-align: center;">ARV = Property’s Purchase Price + Value of Renovations</p> <p>The property's purchase price is the current property value, and the added value is a combination of the repair costs and perceived value of renovations. So, to circle back to the house that we talked about earlier:</p> <p style="text-align: center;">ARV = $300,000 + $100,000 = $400,000</p> <p>However, experienced flippers know that this equation is not as reliable without other value components considered during the assessment. Combining ARV with comparative market analysis will help you greatly. Evaluate real estate comps with similar features as your house after the repairs. Consider a few listings close to yours with comparable square footage and amenities, such as the number of bedrooms and bathrooms.</p> <p>Doing preliminary and subsequent appraisals is another trick in the book of fix-and-flip investors. Things can change during the renovating process and ARV does not always match up to the real final value. Additionally, some unpredictable repair costs could eat up your operating income.</p> <p>A current appraisal will show you the value of the house you bought as-is, while an appraisal post-renovation will show you the real value of your newly renovated property. You should never lean only on ARV when setting a listing price.</p> <h2>When Is ARV useful?</h2> <p>You might think “is ARV useful to me if I am not an experienced flipper” and the answer is - yes, if you are looking to renovate your house, might as well do it in a way that will increase its value. However, it is undeniable that ARV is primarily a tool for house flippers and buy-and-hold investors.</p> <p>A fix-and-flip investor is someone who is interested in the short-term strategy, because they buy a house, renovate it and sell it for profit, which is usually done in a short period of time. On the other hand, buy-and-hold investors are long-term investors, who are interested in the <a href="https://sleeveuphomes.com/renters-feel-pressured-to-buy-property-due-to-rising-rent">rental</a> income opportunity.</p> <p>Both types of investors use the ARV tool, however, they use it for different purposes and in different stages of their investment. House flippers use it to compare properties in the real estate market and choose the ones that will offer the biggest return. They usually use the abovementioned formula to determine the highest profit margin before actually investing.</p> <h3>ARV and Long-Term Investments</h3> <p>Long-term investors use ARV calculations a bit differently since they don’t use it to compare properties. Rather, they use it to find out how to increase the incremental cash flow and the long-term market value. The standard ARV formula isn’t enough for this calculation, as there are more factors to consider.</p> <p>Buy-and-hold investors have something called the capitalization rate, a metric of the annual gross income of the property. That rate is not a constant, but it is not as fluctuant as other factors. Your annual net operating income (NOI) is determined by multiplying the cap rate and the market value of the property. If you want to increase your NOI, you need to boost the market value - which you can do by calculating the ARV.</p> <p>Current market value $300,000 x 7% cap rate = $21,000 NOI</p> <p>Target market value $? x 7% cap rate = $24,500 NOI</p> <p>This question mark is actually what would be the ARV for a long-term investment, and you can calculate it by multiplying your wanted NOI and the cap rate. Buy-and-hold investors use this formula all the time for increasing their annual cash flow from single-family rental house investments.</p> <h3>The 70% Rule</h3> <p>The 70% rule is another measuring tool house flippers use when scanning the market for investment. It refers to the maximum offering price that would be lower than the market value but competitive enough for the seller to accept it. For an investment to make financial sense, fix-and-flip investors target those houses which can sell for 70% of ARB minus the estimated repairing costs:</p> <p>(ARV x 0.7) - Cost = maximum selling price</p> <p>Of course, an investor would always hope to buy a house for less than the maximum target, but this formula helps them to compare the listings. Moreover, the maximum selling price would not matter as much as how much profit can it bring after renovation. This 70% number is a handy rule, especially for those who just started flipping houses.</p> <h2>Limitations of ARV</h2> <p>However useful ARV is, it is important to note that it is just an estimate, so there could be room for mistakes. Not only that it is an estimate, but it is merely capturing the value in that particular moment in time - the market can change, inflation can increase the renovation costs, not to mention many unpredictable repairs. There is a risk that all these factors can change, but they rarely do in a way that can significantly hurt the investment.</p> <p>On the other hand, if you want to go through the repair process of your dream house, ARV can help you pinpoint how much to invest in renovations for it to make sense in the long run. However, if you want to sell your house and that is why you need an ARV - stop what you are doing, because <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> has a solution for you.</p> <p>We will buy your house as-is for top-dollar - no need to worry about curb appeal, fresh paint, or new kitchen appliances. <a href="https://sleeveuphomes.com/request-offer">Request an offer right now</a> and see it for yourself - we won’t disappoint.</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/creative-backyard-deck-ideas-designs" }, "headline": "Creative Backyard Deck Ideas & Designs", "description": "Looking for budget-friendly deck ideas for your backyard? Tune in for some unique and creative deck designs to create the backyard getaway of your dreams.", "image": "https://sleeveuphomes.com/files/blog/3171354a-fdb1-4922-907f-aa753180e9bc_backyard-deck-with-grill-and-pic.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-07", "dateModified": "2022-06-07" } </script> <p>All hands on deck! Summer is right around the corner, which means the outdoor season is, too. Summer calls for sultry, warm nights under the stars and sun-drenched gatherings, making backyard decks the ultimate destination of the season. We all want the perfect backyard – somewhere to escape, relax and unwind after a long day. If you’re looking for affordable, creative, and unique patio deck ideas, you’ve come to the right place.</p> <p>You can transform your home by creating a beautiful outdoor living space to expand and improve it, leaving you with a patio deck you can share with family and friends for decades to come and build lasting memories. Whether you have an existing deck in need of some love or longing for a new space to enjoy the sunny days with your family but have no idea where to start, we’re here to help!</p> <p>Tune in for some budget-friendly and modern patio deck ideas & designs for inspiration. Stop dreaming about your perfect deck and start building the ultimate outdoor retreat, on a budget!</p> <h2>Unique & Budget-Friendly Outdoor Deck Ideas</h2> <p></p> <p><img alt="Modern Villa With Pool And Deck" class="img-fluid" src="https://sleeveuphomes.com/img/modern-villa-with-pool-and-deck-.jpg" /></p> <p>Want to spruce up your backyard but don’t want to break the bank? Building a deck is a big investment and does not seem to fit everyone’s budget. However, there are many ways to save and still have the most fantastic deck in the neighborhood, which is why all the outdoor deck ideas and designs listed in this article were hand-picked for those on a budget.</p> <p>Having a fantastic back deck doesn’t have to require a lot of money. All you have to do is get creative!</p> <h2>Wrap Around Deck Ideas</h2> <p>Stretching across multiple sides of a home's exterior, a wraparound deck allows you to easily change up your view or shift positions with the moving sun.</p> <p>If you have a small backyard, a wraparound deck will keep your backyard open by hugging your home while still offering plenty of entertaining space. Tucked in beneath your home's roofing, it also doesn’t require spending additional money on deck covering.</p> <h2>Pallet Deck Ideas</h2> <p>Pallet decks are the latest trend in DIY outdoor living. Pallet decking is a fantastic way to enhance your outdoor space and save money. As pallets are very solid and come in standard sizes, building a modern pallet deck could be the solution you were looking for.</p> <p>The best part? Pallets are mostly free or cheap to get, making any pallet deck ideas you might have super budget-friendly. At the same time, they already come in perfect deck shapes, which saves tons of time and makes building any kind of deck quicker. You can build a floating deck out of pallets or even a pallet deck with stairs.</p> <h2>Hot Tub Deck Ideas</h2> <p></p> <p><img alt="hot tub deck outdoors house home" class="img-fluid" src="https://sleeveuphomes.com/img/hot tub deck outdoors house home.jpg" /></p> <p>So, you can't fit or afford a pool in your backyard, but who needs that when you can have a hot tub on your deck instead? For saving sight lines around small spaces, sinking the hot tub in the deck area is an excellent modern deck idea. In-ground hot tubs create the illusion of more open space than a raised hot tub would on a small deck.</p> <p>Think outside the standard wood platform with innovative design ideas for a range of deck settings and budgets. Skip the cost of stone or wood and use travertine or composite decking materials instead. Add some natural boulders and planters around the hot tub or decorate it with faux stone to give it a spa feel on a budget.</p> <p>You can also create the illusion of having a larger hot tub by constructing the right type of decking around it. The trick is to make your decking proportional to the hot tub.</p> <h2>Small Deck Designs</h2> <p></p> <p><img alt="small deck beautiful garden home house" class="img-fluid" src="https://sleeveuphomes.com/img/small deck beautifuil garden home house.jpg" /></p> <p>Limited backyard space doesn’t mean you have to sacrifice style. However, smaller outdoor spaces require a bit more planning and thinking outside the box when it comes to designing and decorating your deck. Even if you don’t have a sprawling backyard, there are plenty of small backyard deck designs that can serve as inspiration.</p> <ul> <li>A ground level-deck is perfect for improving the aesthetics of small backyard spaces.</li> <li>Glass railing can make a small deck feel bigger. Glass railings offer a better view of the surrounding greenery and also helps your deck more seamlessly blend with your surroundings.</li> <li>Similarly, stylish and compact furniture – such as curved deck chairs that easily be tucked in under the table – afford more space on your small deck when not in use.</li> <li>There’s no wrong way to decorate a small deck, however, pops of color can make even the smallest deck feel utterly charming. Neutral furniture can blend with the decking and make it look bigger, but bold pillows and throws that mix-and-match solids, florals, and patterns can tie the look together.</li> </ul> <h2>Deck Ideas with Roof Extensions: Affordable Covered Deck Ideas</h2> <p>For those who desire a bit more shade and privacy while enjoying the outside – a deck roof may be in order. As beautiful as they are functional, modern deck shade ideas can be an extension of the luxurious deck experience you deserve, so you can enjoy your yard without overheating.</p> <p>From pergola models, which are ideal for those who want their sunlight with a side of the shade, to canopies of all materials and designs, as well as the more traditional wooden and stucco coverings, there’s a deck roof for every space and desired effect. Many roofing features offer adjustable or expandable coverings, allowing you the freedom to secure just the right amount of shelter no matter the hour or weather conditions.</p> <ul> <li>Creating a deck cover might prove to be too expensive. On a budget? Don’t worry. It doesn’t mean that you can’t have a beautiful covered deck design, even if you aren’t prepared to invest a lot. Here are some covered deck ideas for those on a budget.</li> <li>To save money, you can choose a deck cover with a wooden base and unique plastic panels. Such a pergola can be an excellent idea, as it keeps things shady without completely blocking the sun and offers a lovely minimal aesthetic at the same time.</li> <li>You can also consider investing in a high-quality modern umbrella that will serve both as decoration and the shade and protection provider for both you and your outdoor furniture. It will be cheaper than any other deck covering but still be beautiful.</li> <li>How about growing a canopy of vines? A lattice canopy with verdant vines makes a beautiful addition to any deck. You get the deck covering and shade you're looking for with the added bonus of vibrant greenery all around for no more than a few bucks.</li> </ul> <h3>Deck Privacy Ideas</h3> <p>They say good fences make good neighbors, and it couldn’t b more true. How can you relax and enjoy your outdoor living space with someone peering over your property? Your deck should be your own personal outdoor oasis, and a lack of privacy can throw off the whole “personal retreat” vibe. You could build a fence around your entire property, but that could get expensive. Instead, these deck privacy ideas will help you enjoy your backyard decks in peace.</p> <ul> <li>Growing lush greenery or planting tall hedges can create almost instant privacy and makes for a tropical-looking, beautiful deck. If caring for plants doesn’t sound like you, but you like the idea of greenery – try building a living wall on an outdoor privacy screen. You could also have planter stands around your deck or plant a few small trees around the edge of your deck.</li> <li>Adding a pergola to your back deck is affordable, yet it can create privacy as well as offer sun protection. Once your pergola is up, you can also hang plants to create a “natural wall.”</li> <li>For a tropical feel, you could use a bamboo screen or actual bamboo. It grows fast and tall, making for a quick and inexpensive solution.</li> <li>Check out some horizontal deck railing ideas, as they can give your deck more privacy.</li> </ul> <h2>Money-Saving Tips: Deck Design & Decorating Ideas</h2> <p>Tiny details that are often overlooked, like subtle decorative pieces, can really make your deck shine. And, contrary to popular belief, they don’t have to be expensive.</p> <p>You won’t believe how much difference adding some cozy cushions, plants, flowers, or any other interesting decor piece can make. So, here are some affordable deck decorating ideas that can bring your deck design to life without spending a fortune on it.</p> <h3>Get Creative with Outdoor Lighting</h3> <p>No deck is finished without some well-spaced outdoor deck lighting to create that million-dollar look. Adding some lighting is an easy and cheap way to freshen up your simple back deck and make it cozier and inviting. The lights will allow you to use your deck at night and give it a dash of magic.</p> <p>Hanging a string of twinkling lights will add a little something special to any outdoor space. Add some in-stair or in-floor lighting, or bring in some decorative lanterns if you have a covered deck. Nothing says cozy like the warm glow of a fire - gas fire pits are surprisingly inexpensive and require no electricity making them very cost-effective.</p> <h2>Cozy-Up the Flooring</h2> <p>Is your old concrete deck an eyesore? You can avoid the cost and mess of tearing it out by simply screwing down wood sleepers and decking over it. If you have an old wooden deck that doesn’t look its best anymore or is made of unattractive materials that feel cold and bare, an outdoor rug can also freshen up your outdoor area in no time.</p> <p>It will cover any wood chips or color imperfections and also make your deck space look much more cohesive and home-like, and it’ll make even a simple backyard deck pop. Outdoor rugs are easy to find and are generally very affordable.</p> <h3>Decorate Your Back Deck With Plants</h3> <p>One of the most inexpensive deck ideas for decoration is to use plants. Plants are inexpensive but can do a lot for your outdoor living space. Plans and flowers in vibrant colors can make your deck come to life and even serve as a small garden. This will make even the simplest of decks with modest furniture look chic and inviting. If you don't have a lot of deck space, hang the plants to free up valuable ground space.</p> <h2>Budget-Friendly Back Deck Ideas for a Backyard Getaway</h2> <p>A smart backyard decking design, even on a budget, can create much-required extra living space and make the perfect outdoor retreat for soaking in the sun or gazing at the stars.</p> <p>Trying to re-decorate or renovate your deck on a tight budget and schedule simply to raise the value of your property before selling? Sell your home as-is today with no fees, commissions, or repairs! <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house in the state it’s currently in for cash and pay top dollar for it.</p> <p>Skip all the tiresome staging, repairs, cleaning, and showings to impress potential customers. No strangers traipsing through your home, no lengthy and expensive deck repairs holding up the sale. Contact us and <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a> today to see what we can do for you.</p> <p></p> <pre ng-controller="prettyPrint"> </pre>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-a-suburban-neighborhood" }, "headline": "What Is a Suburban Neighborhood?", "description": "Read this article to find out more about the meaning and history of suburban neighborhoods. What are the pros and cons of living in the suburbs?", "image": "https://sleeveuphomes.com/files/blog/28344e54-d02a-4077-8c79-f585d636cbdf_street-and-houses-neighborhood.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-07", "dateModified": "2022-06-07" } </script> <p>Somewhere between the crowded city streets and good, ol’ country roads, there lies the cradle of the American dream - the suburban neighborhood, most commonly known as the suburbs. City life isn’t for everyone, the mayhem can be overwhelming, and the fumes from the traffic can be noxious. Still, even though you want to escape the city's disarray, a remote village seems too extreme of a step.</p> <p>If you relate to these claims, you will love being one of the suburban residents, jogging the peaceful streets, and having a pet in your backyard. The suburban neighborhood is a perfect place to live with a family and young kids, but it also welcomes different lifestyles.</p> <p>We made this article to explain the suburbs to those on the fence about moving there. We will talk about the common misconceptions and the definition of the suburbs, as well as the pros and cons of becoming a suburban resident.</p> <h2>History of the Suburbs</h2> <p>The suburbs have a long history dating back to ancient Rome (yes, truly) when merchants created their own market towns just outside the cities. Later on, modern cities attracted many poor villagers and enslaved people, so a suburban neighborhood was considered a place for the lower class.</p> <p>Of course, it was not until the modern industrial era that the suburbs took their shape and became what they are today - <strong>a primarily residential area located on the outskirts of a major city</strong>.</p> <p>The improved transportation made it possible for people to live somewhat far away from their place of work and commute every day. Railways and buses brought people back and forth to a more spacious and a more affordable living environment.</p> <h3>Suburbs in Pop Culture</h3> <p>You can gather from suburb references in popular culture that it is boring, uneventful, and people like to gossip and meddle in other people’s lives. There is that famous trope in TV shows where a couple wants to move to the suburbs to settle down while their single friends live their wild, single life. <strong>There is always something that institutes that the suburbs are lifeless</strong>.</p> <p><img alt="lined up houses suburban area neighborhood" class="img-fluid" src="https://sleeveuphomes.com/img/houses-lined-up-suburban.jpg" /></p> <p></p> <p>However, this is one of the common misconceptions about suburban residents and their neighborhoods. The communities are tight and supportive, there are a lot of events that happen throughout the year, there are shopping malls, restaurants, and some suburban neighborhoods are starting to look like towns. People don’t go into the city for jobs as much since telecommuting became prominent, but also since there are many companies working from the suburbs.</p> <h2>What Factors Affect the Urbanism of an Area?</h2> <p>Suburbian neighborhoods used to be primarily residential or bedroom areas, but now they progressed past that and many businesses are developing outside the city borders. So, where is the line? What are the factors that decide one area’s level of urbanization? The answer should be simple, but the lines are blurry.</p> <p>There are urban areas or cities, which are surrounded by the suburban area, or the suburbs. Beyond the suburbs, but still far away from the rurality, there are exurban areas, often located near a body of even farmland. Rural areas are places where people live mostly out of the natural resources around them and the population density is very low.</p> <p>Centrality, density, and entrepreneurship development can be defining factors of the suburban neighborhood. Centrality refers to bordering the city limit and defining the center of the metropolitan area - everything outside that border would be the suburbs.</p> <p>This factor isn’t enough for defining these neighborhoods, because they are constantly developing. For example, if we were to map out the San Francisco metro area, Oakland would be considered the suburbs.</p> <p>Population density could explain much better the level of urbanism in an area. Cities, especially in the US, are built vertically and horizontally, whereas the suburbs are mostly built horizontally - that is why there is a lower population density in the suburban neighborhoods.</p> <p>To put it simply, <strong>cities have high buildings providing housing for many people, while suburbs are famous for their single-family detached housing</strong>.</p> <h2>Urban vs. Suburban</h2> <p>In the competition of urban vs. suburban, there are no right or wrong answers. Cities are more eventful and active, there are more job opportunities, tourists, and overall more commotion than in the suburbs. Living in a city will probably mean living in an apartment in a high building, with an underground garage being the closest thing to a backyard.</p> <p>Prices of housing and living are significantly higher Downtown, but the commute to and from work is usually a short ride away. <a href="https://sleeveuphomes.com/what-are-the-advantages-and-disadvantages-of-living-in-the-suburbs">Living in the suburbs</a> is much harder when you don’t own a car, while you can quickly get around the city using public transportation. The decision to move to the suburbs needs to be well thought out, and there are advantages and disadvantages for both these areas.</p> <h2>Rural vs. Suburban</h2> <p>While urban and suburban neighborhoods are sometimes not easy to distinguish, a rural area is very easily recognizable not only by analyzing the density of the population but usually also by analyzing the main source of money and resources. Rural residents live by producing or managing natural sources.</p> <p>Rural locations have a very low population density, and people live on the farmlands far away from the city. Suburbs can be administratively divided or connected with the city, but the rural area always stands alone. There are very few events, but less pollution in the villages. The chance of meeting friendly people is much higher in rural neighborhoods.</p> <h2>What Is an Urban Sprawl?</h2> <p>Urban sprawl is a phenomenon where the urban and the suburbs mix, caused by unattended urban development. City limits are constantly widening because of the influx of people in the cities looking for affordable housing. Metro areas are spreading, replacing the farmlands, and risking their natural resources.</p> <p><img alt="waterfront-homes-in-a-suburban-sprawl" class="img-fluid" src="https://sleeveuphomes.com/img/waterfront-homes-in-a-suburban-n.jpg" /></p> <p></p> <p>Urban sprawl is not a new phenomenon, it existed when modern cities were formed, and history shows that it always comes with a price. During medieval times, the price used to be a loss of protection, but nowadays, it is a longer commute, higher pollution, and countryside endangerment.</p> <h2>Pros and Cons of Living in Suburbia</h2> <p>The main advantage of living in a suburban neighborhood is the affordability, which is lacking in the city. The city offers much less space for more money, and that is why this point goes to the suburbs.</p> <p>If space is something that you are looking for, the suburbs can provide you with plenty. Most single-family homes have a front and a backyard, a porch, an attic, and a basement. All these spaces could be transformed into a gym, a home office, or other room of requirement. Downtown condos can be spacious, but that always comes with a price.</p> <p>And the last point can be taken as an advantage or a disadvantage, depending on a person - a slow-paced way of life is popular in suburban neighborhoods. Some people love the city crowds, others love to live somewhere peaceful, and this will be a big factor when deciding on moving.</p> <h2>Are You Looking to Move?</h2> <p>Not every suburban neighborhood is the same, because there are different communities - some are tighter, others keep to themselves. If there seems to be a problem with fitting into your community or you just want to be closer to your workplace, it is sometimes better to move than to waste energy on fitting in.</p> <p>If you decide to move and sell your suburban house, but don’t want to go through the hassle of finding the right buyer, contact<a href="https://sleeveuphomes.com/"> SleeveUp Homes</a>.</p> <p><a href="https://sleeveuphomes.com/request-offer">Request an offer</a> and see for yourself that we are willing to pay top dollar for your property. The home selling process can be done in 7 days, and you can move to a neighborhood that better fits your needs.</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/inspiring-things-to-do-in-orange-county-this-summer" }, "headline": "Inspiring Things to Do in Orange County This Summer", "description": "Are you thinking of visiting one of the largest and most scenic counties in the US? Read on to learn about all the things to do in Orange County this summer.", "image": "https://sleeveuphomes.com/files/blog/ecfb7e0c-4032-45ab-8e6e-7bad45c842a9_beach-view-in-orange-county-of-s.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-26", "dateModified": "2022-05-26" } </script> <p>Since it is one of the largest counties in the US, it shouldn’t come as a surprise that you can’t run out of things to do in Orange County. It is safe to say that there is something for everyone. Whether you like to spend your time in nature, shopping malls, art galleries, or nightclubs, one thing is certain - there are plenty of places and activities to choose from in Orange County.</p> <p>Maybe you just rewatched the famous TV show The O.C. and want to share in the main characters' life, or you live nearby and want to spend some quality time away. Whatever may be bringing you to Orange County, we made a comprehensive article about things to do in the OC, so you feel inspired during the summer</p> <h2>Explore the Wonderous Nature</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/lush-california-pacific-coast-hi.jpg" /></p> <p>The Golden State has many parks where you can absorb nature, and Orange County follows that trend. Crystal Cove State Park is one of those places nature lovers will fall in love with, and<strong> the most fantastic thing to do in Orange County is to hike the nine-mile trail up the coast through the park.</strong></p> <p>You can pause the hike every now and then to partake in some of the marine activities offered on the beach, from scuba diving to snorkeling, or just swim in the Pacific Ocean and catch a tan. Catch another glimpse of paradise in the Oak Canyon Nature Center on the Anaheim hills.</p> <p>Take a romantic walk under the oak trees and soak up the scenic pictures of greenery around you. You might even stumble upon a wedding or a photoshoot since the landscape makes for an amazing backdrop.</p> <p>Irvine Regional Park offers outdoor activities as well, but what it is most famous for is an OC ZOO hidden inside the terrain. <em>If you are looking for cheap things to do in Orange County, the best idea is to go to the ZOO. </em>Many species live inside that area, but there is also a lake and many hiking trails.</p> <h2>The O.C. Beaches</h2> <p>It goes without saying that Orange County has one of the best beaches on the entire West Coast. Newport Beach, Laguna Beach, Huntington Beach, and Doheny State Beach are all wide sandy beaches with a gorgeous view of the Pacific horizon.</p> <p>Don’t miss out on summer fun, sunbathing, and cocktail drinking on some of these beaches. Newport Beach is a great place to spend your vacation with your friends, since there are many bars nearby, plus it is just a few minutes away from downtown Newport Beach.</p> <h2>Adventure and Theme Parks</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/californian-redwood-forest-2022-.jpg" /></p> <p>If you are staying for a week, you can visit each adventure and/or a theme park in Orange County, and you still wouldn’t get to see them all. Disneyland and Adventure City are just some of the dozens of places with fun rides and characters from our favorite movies and shows.</p> <p>Don’t get us wrong - we love Disneyland. However, we don’t like the crowds and lines, so we tend to opt for other heart-stopping rides, especially over the weekends and holidays. That is why we strongly recommend going to Knott’s Berry Farm or the Knott’s Soak City waterpark for the ultimate adrenaline rush and a rustic vibe.</p> <p>You can find a good adrenaline pump on the HangTime ride that looks like something from a SpyKids movie. It is high and wiggly, and it will shake you out of your boots, so - easy scares, beware!</p> <p>Ride the Irvine Spectrum Center Giant Wheel if you like something milder. It is one of the most romantic things to do in Orange County. That is why, each year, there are many proposals on or in front of it.</p> <h2>OC Has an Exciting Nightlife</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/dj-mixing-at-beach-night-party-d.jpg" /></p> <p>Do you like to party? OC will not disappoint you. <strong>There is a rich nightlife scene and plenty of things to do in Orange County, even for those who like to dance all night and sleep in late.</strong> From pubs and bars, where you can meet the locals and grab a beer, to clubs and cocktail lounges, where you can experience real Californian nocturnal activities.</p> <p>Anaheim and Irvine Downtown is the place to be for good-time seekers. Costa Mesa’s downtown is packed with bars on every corner, but one stands out with its authenticity. That bar is called the Ruin and it is marketed as social equity, an offbeat tavern where they serve themed drinks.</p> <p>You can see it for yourself when you type <em>Orange County Nightlife</em> on a map - dozens of red dots will color your screen. One of those red dots waits for you to have the time of your life. Going out is the most exciting thing to do in Orange County for people in their early twenties.</p> <h2>Luxury Galore</h2> <p>If you like extravagance and feeling like an old-money heir, Orange County offers many activities for you. You can bathe in splendor from luxury spas to yacht clubs and enjoy life like nowhere in the world. Take a boat tour around Newport Beach, or rent a boat in one of the harbors.</p> <p>There is no shortage of places to max out your credit cards in OC. Visitors interested in shopping can spend their time in one of twenty enormous shopping malls scattered around the county’s rectangular streets.</p> <p>Go golfing to feel like you are a member of a country club, or go on a private airplane tour where you can see SoCal from a bird’s perspective. As you can see, there are many luxurious things to do in Orange County this summer, and you should explore the options that are available to you.</p> <h2>Adventurous Outdoor Activities</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/beautiful-athletic-woman-working.jpg" /></p> <p>With around 40 miles of coastline, outdoor activities are unavoidable things to do in Orange County.<strong> Scuba diving, snorkeling, skin diving, and swimming are some of the in-water activities offered to you on almost every beach.</strong> If you like to stay outside the water but still enjoy the Pacific - try kayaking, paddle boarding, or rent a boat or a pedal boat. It is hard to run out of marine things to do in Orange County.</p> <p>However, there are exciting activities to partake in for those who are not fans of marine endeavors. For example, you can enjoy a hot air balloon ride across the cloudless skies of Orange County.</p> <p>Flying these special balloons near Irvine transcends everything you might have imagined witnessing. Hiking is another fun activity in Orange County, and although it is not as adventurous, it is still worth mentioning, if for nothing else, then for the scenic views spreading across the parks and shores.</p> <h2>Immerse Yourself in OC Art&Culture</h2> <p>Art and culture vultures can breathe with ease because Orange County has many events to choose from. Do you want the history of the county? Visit the Heritage Museum of Orange County and learn about life in the 1900s. Bowers Museum is a cultural attraction in Orange County that goes way back in time and space and shows Native American and Chinese art and history.</p> <p>The old Orange County Courthouse in Santa Ana is located in Santa Ana’s famous historic district. This place tells a story of the late 19th century, and it is one of the best things to do in Orange County for free.</p> <p>For those who like modern art and architecture, the Hilbert Museum of California Art will sit well with your taste. Showcased in marvelous fashion, more than a thousand pieces of art are available for you to see. Learn about the local artists from the 20th and 21st centuries in this museum.</p> <p>Modern history enthusiasts will enjoy the visit to the Richard Nixon Presidential Library and Museum. This place captures the highs and lows of the only American president to resign his office in the White House.</p> <p>The most unique thing to do in Orange county has to be to visit San Juan Capistrano, a remarkable community with a lot to give and one of <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">the safest cities in all of California</a>. The famous bell wall attracts visitors to San Juan Capistrano, but it is the charm and history that makes them come back.</p> <p>As you can imagine, there are many more museums and historical places to visit in Orange County, but these are some that will get you started. Visiting museums and galleries can be a great way to spend your quality time on a budget.</p> <h2>Authentic Local Spots</h2> <p>If none of these things inspire you (which we highly doubt), here is one place that got its name by inspiring people! Visit the Inspiration Point for a beautiful overlook of the Pacific coastline and the most fantastic sunsets in the world.</p> <p><strong>It is the best place in Orange County for meditation and introspection.</strong> We have no doubt that you will have a life-changing discovery while sitting in the Inspiration Point.</p> <p>And last but not least, the most authentic local spots are the orange farms, thanks to whom this county got its name. One of the farms open to the public is Tanaka Farms, and it is the best place to visit in Orange County if you like fresh oranges.</p> <p>Not only do they offer the most amazing organic farming products, but you can also participate in some farming activities and tours. Strawberry picking and chicken workshops are a great way to spend time with your family. Tanaka Farms pledged to cultivate more than sixty types of fruit and veggies, using responsible methods and with great support towards their community.</p> <h2>Moving to Orange County</h2> <p>If you want to be sure that you have enough time to soak up all the immense beauty of marvelous beaches and the pleasantries of the Orange County cities - organize the trip and find things to do in Orange County that best fit your interests.</p> <p>There is a good chance that you might fall in love with Orange County so much that you would want to move. In that case, you can sell your previous house to us - <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. Don’t be shy and contact us.</p> <p>We will be efficient and will buy your property for a top dollar. You don’t even need to repair any issues or paint the falls, we buy houses as-is. Just call us to <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a>, get the money, and move to California’s beloved Orange County.</p>
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          • titleShort Sale vs. Foreclosure: Explaining the Processes and Effects
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/short-sale-vs-foreclosure-explained" }, "headline": "Short Sale vs. Foreclosure: Explaining the Processes and Effects", "description": "What is a short sale? What is foreclosure? How are they different? This article discusses short sale vs. foreclosure in detail and explains the effects.", "image": "https://sleeveuphomes.com/files/blog/33bdbcfc-62fa-4850-8065-56405213c73b_man-trying-to-understand-complex-documents.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-25", "dateModified": "2022-05-25" } </script> <p>When you are having trouble making your mortgage payments and foreclosure is looming, it’s good to seek solutions. You might be considering a short sale to settle your debts. But is that truly the best option? First, you should understand the difference between a short sale and foreclosure, and the impact both can have on your finances and credit score.</p> <p>And that’s what this article will do. We will compare a short sale vs. foreclosure, explain how they work, and the repercussions of both. In the end, we will also give you another option that can avoid both foreclosure and a short sale. When you are done, you should know enough to be able to make an informed decision. So let’s get to it.</p> <h2>What Is a Foreclosure / What Is a Short Sale?</h2> <p>Foreclosure and a short sale may seem similar, but they are two completely different processes. In short:</p> <ul> <li>A foreclosure is a legal process that happens when a borrower <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">cannot make mortgage payments</a> so the lender seizes the property and puts it up for auction.</li> <li>A short sale is when the lender allows the borrower to sell the property for less than the outstanding mortgage balance.</li> </ul> <p>It is clearer with an example. Let’s say you took out a $400,000 mortgage loan to buy a house. You paid off $100,000, but the economy has deteriorated and you are no longer able to make your monthly installments. The housing market has also crashed, so your $400k house is now underwater and worth $250k.</p> <p>One thing that can happen is that the bank seizes your house – that’s foreclosure. <strong>Foreclosure doesn’t happen in an instant</strong> and we’ll explain later how it works, but that’s the end result. You are no longer the owner, your credit score is shot, and the bank will put your house up for auction.</p> <p>A short sale, on the other hand, is when you are the one selling the house. You know you can’t make your mortgage payments so to avoid foreclosure you decide to sell your house. However, your remaining mortgage balance is $300,000, while the value of the house is now $250,000.</p> <p>You ask permission from the lender to sell your house for $250,000. The bank approves, but after the house is sold, the bank is short for the difference between the outstanding mortgage and the selling price ($50,000 in our example) – thus the name short sale.</p> <p>You’ve now settled your mortgage loan, but because a short-sale home is sold for less than the outstanding debt, it will also show as a negative mark on your credit report.</p> <h2>How Foreclosures Work</h2> <p>The exact foreclosure process varies by state, but it always follows the same pattern. It starts with you missing to make mortgage payments. Usually, if you miss one payment, the bank will send a missed-payment notice. If you miss another one, the bank will likely send a demand letter.</p> <p>Then, <strong>after 90 days of missed payments, the bank will file a <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a> with the county where your property is – this starts the official foreclosure process</strong>. Even after the notice of default is filed, you can still <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">avoid foreclosure</a> by bringing the loan current or negotiating with your lender (such as negotiating a payment plan, modifying your loan, or getting reinstatement and forbearance).</p> <p>If none of these options help and you still can’t make your payments, your house will ultimately be foreclosed and sold at auction.</p> <h3>Pre-Foreclosure vs. Foreclosure</h3> <p>Pre-foreclosure starts when the notice of default is filed. It is the process before your home is foreclosed or before foreclosure proceedings start before a court (depending on whether your state applies non-judicial or judicial foreclosure, respectively).</p> <p><strong>During pre-foreclosure, you still have the option to make a deal with your lender and avoid foreclosure</strong>. This distinction between pre-foreclosure and foreclosure is important in this short sale vs. foreclosure article, as <em>most short sales happen during pre-foreclosure</em>.</p> <h3>How Long Does a Foreclosure Stay on Your Credit Report?</h3> <p>A <a href="https://sleeveuphomes.com/how-long-does-a-foreclosure-stay-on-your-credit">foreclosure stays on your credit</a> report for 7 years after the first delinquent payment. By law, a foreclosure <em>must </em>be removed after 7 years. However, the negative impact can gradually diminish before the 7 years are out.</p> <h3>Can You Sell a House in Foreclosure?</h3> <p>You can’t sell your house if it is foreclosed on, i.e. the bank has taken ownership of it. However, you can sell it during the pre-foreclosure process. This brings us to short sales.</p> <h2>How Short Sales Work</h2> <p>During pre-foreclosure, if you know that you won’t be able to make your loan current or find another option to settle it, you can ask your bank to allow you to do a short sale. You ask the bank to sell the property for less than the amount of the outstanding mortgage.</p> <p><img alt="Couple smiling and standing behind house sale sign" class="img-fluid" src="https://sleeveuphomes.com/img/couple-smiling-and-selling-house.jpg" /></p> <p>If the bank approves and you manage to sell the house, your debt is settled and you avoid foreclosure. As far as the selling process itself goes, short sales work much like regular sales - you can hire a real estate agent or do it on your own.</p> <h3>But There’s Another Problem – Deficiency Judgments</h3> <p>Sometimes, even after a short sale, <strong>the lender may ask the court to allow them to collect the difference between the outstanding debt and the sale price</strong>. So, if your debt is $300,000 and you sold the house for $250,000, the bank may seek a court judgment to collect the remaining $50,000.</p> <p>If the deficiency judgment is approved, the money is collected through regular means – such as levying your account or garnishing your wages. However, lenders don’t always seek deficiency judgments and they are even prohibited by law in some states. Additionally, you can fight a deficiency judgment in court or, at worst, declare bankruptcy.</p> <h3>How Long Does a Short Sale Stay on Your Credit Report?</h3> <p>A short sale stays on your credit report for 7 years. However, when discussing short sale vs. foreclosure, it should be noted that a short sale has a lesser negative impact on your credit score than a completed foreclosure.</p> <h2>Foreclosure vs. Short Sale – the Short of It</h2> <ul> <li>Foreclosure is when your lender seizes your property due to unpaid mortgage installments and sells it off at auction.</li> <li>A short sale is when you sell your property for less than your outstanding mortgage balance.</li> <li>Your lender may submit a motion to a court for a deficiency judgment to recover the leftover amount.</li> <li>Both foreclosures and a short sales stay on your credit report for 7 years.</li> <li>A short sale has a lesser negative impact on your credit score.</li> </ul> <h2>Don’t Let Your House Go into Foreclosure or Accept Short Sale Offers</h2> <p>When your lender files a notice of default, it is a public document. Wholesalers and flippers look for these kinds of opportunities, hoping to take advantage of your precarious position. They assume you are desperate and will try to low-ball and pressure you to make a sale.</p> <p>But you don’t need to accept any short sale offers. Contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> to sell your house for top dollar. We buy underwater and distressed properties as-is for cash in Southern California and restore them. We guarantee you can get at least $10,000 more than any other offer you’ve received.</p> <p>SleeveUp Homes was founded precisely to help people like you. We grew tired of homeowners getting taken advantage of and realized we could provide them with a better option. You won’t be dealing with any realtors, so you won’t be paying a commission and we’ll take care of the closing costs.</p> <p>But don’t take us at our word – <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a> and see what you can get, no strings attached. If you find our offer suitable, you can close in as little as 7 days.</p>
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          • titleHow to Deal with Moving Anxiety
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-deal-with-moving-anxiety" }, "headline": "How to Deal with Moving Anxiety: Tips on Managing & Minimizing Moving Stress", "description": "Have trouble dealing with moving anxiety? Read our blog for some useful tips on managing and reducing the inevitable stress that comes with relocating.", "image": "https://sleeveuphomes.com/files/blog/b313817d-34f2-4696-b17a-12e26e2b06a6_home-gym-in-a-room-with-a-window.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-18", "dateModified": "2022-05-18" } </script> <p>Are you having trouble dealing with relocation anxiety? Even if you’re moving out for the first time or used to moving around a lot, it’s only natural for moving anxiety to kick in sooner or later. Whether it’s the financial cost of moving, selling your old home, or all the organization and packing needed to get through the move successfully, there’s a lot about moving that can induce stress and moving anxiety symptoms, making it a rollercoaster of emotions.</p> <p>Nervous about moving? We’ve got your back. Read on for some useful tips on how to manage moving stress and keep your anxiety about moving at bay to help you get through this life-changing transition.</p> <p><strong>It’s not just the boxes – people are fragile, too. Learn how to take care of yourself when moving.</strong></p> <h2>What Causes Relocation Anxiety and the Fear of Moving?</h2> <p>Moving can be very stressful for many reasons. However, it’s usually the lack of order, the uncertainty of things, and the upheaval that surrounds relocating that triggers stress and anxiety among most people. Moving can bring up an incredibly complex range of mixed emotions – it’s exciting, but there’s also a lot of change and planning involved. <strong>Moving anxiety is a natural result of all these emotions colliding in one chaotic package.</strong></p> <h3>Moving Anxiety Triggers: Why Are You Worried / Sad About Moving?</h3> <p>Why do we get moving anxiety? Aren’t we supposed to feel happy and excited about starting a new life and embarking on a new adventure? After all, isn’t it what we wanted to do? As exciting as moving house can be, it can quickly leave us feeling stressed and overwhelmed.</p> <p>Here are some of the most common triggers that can add up over time and consequently make us get moving anxiety or even create a fear of moving:</p> <ul> <li><strong>Change</strong> - Human beings tend to dislike change, and moving to a new home is life-changing. Changing scenery and people you’re used to and leaving your old home behind for a completely new life isn't stress-free and will cause even the most experienced movers to suffer from some moving anxiety-induced headaches.</li> <li><strong>Uncertainty</strong> - The unknown that comes with moving may be one of the biggest stressors in moving anxiety. You may not be familiar with or know what to expect with the new place, town, or people. So, it’s perfectly normal to be at least a bit anxious about it.</li> <li><strong>Finances </strong>– A common dilemma that can weigh on a person's mind when moving is financial stress. Moving is <em>expensive</em>, as is anything relating to real estate, and money concerns can cause anxiety about moving. You have to make a down for your new home and successfully sell your old home. Not to mention it also costs money to move your belongings physically.</li> <li><strong>Packing</strong> – Packing anxiety is one of the <em>common stressors</em>. Packing up all of your belongings properly and moving them to your new place intact is not exactly a walk in the park. You also won’t have access to most of your things until you get to your new home and unpack everything, which might feel like putting your life on hold.</li> <li><strong>Planning</strong> – Moving requires a lot of planning and preparation before it’s put into motion. You often have to figure out all the details beforehand and squeeze it in between work and daily chores, which can be tiring, stressful, and cause relocation anxiety. Some may also experience <em>decision fatigue.</em></li> </ul> <h2>Moving Anxiety Symptoms</h2> <p>Do you feel jittery or filled with dread whenever you think about moving? Small amounts of stress can sometimes be helpful and may even help you be more productive with the move. <strong>However, moving anxiety can quickly become unhealthy and take a toll on your mental health, so it's best not to ignore any stress or anxiety signals.</strong></p> <p>You need to <em>know</em> your enemies before you face them. The same goes for moving anxiety. To take the necessary steps to minimize or manage the stress you’re under due to relocation anxiety, you must learn how to recognize it. Moving anxiety is often a logical response to stressful events such as relocating your entire life, characterized by a set of symptoms similar to that of the stress of any kind.</p> <p>The most common emotional, physical, and cognitive symptoms of moving anxiety include:</p> <ul> <li>Irritability, frustration, moodiness</li> <li>Feeling overwhelmed or like you’re losing control</li> <li>Racing thoughts / having a hard time relaxing and quieting your mind</li> <li>Low energy</li> <li>Headaches, upset stomach, and muscle tension</li> <li>Problems sleeping</li> <li>Constant worrying</li> <li>Forgetfulness and disorganization</li> <li>Trouble concentrating and the inability to focus</li> </ul> <h2>Have Anxiety About Moving Out? 5 Tips on How to Manage Moving Stress</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/exhausted-woman-is-tired-from-packing.jpg" /></p> <p>Perhaps the idea of starting over somewhere new is your go-to escapist daydream. If you are like most people, however, when the reality of moving sets in, keeping your moving anxiety in check can prove to be difficult. We may not be healthcare professionals, but we do know a thing or two about <em>moving home</em>. That’s why we did a little research to offer you some valuable advice to help you alleviate all the stress that surrounds moving out of your home</p> <p>Moving is notoriously stressful, but there are a few tactics you can use to keep your stress levels down. Here are some life-saving tips on reducing and managing the inevitable upswing in anxiety that comes with moving. Ultimately, each individual has their own way of dealing with moving stress, but hopefully, these tips will help make the process a whole lot easier:</p> <h3>1. Trick Your Mind: Make a Moving To-Do List to Reduce Relocation Anxiety</h3> <p>Putting your thoughts, feelings, plans, and chores on a piece of paper can be very therapeutic. A list in your head can feel like a million things – it might seem endless and daunting. But when you write it down, it becomes more realistic, more doable, and the million little things you thought you needed to do may come down to 20 things, which can help you feel more relaxed, optimistic, and productive.</p> <p>Avoid getting overwhelmed by creating a checklist of everything that needs to get done before, during, and after your move. It will bring some order to the chaos of relocating and help you regain the sense of control you may feel is slipping through your fingers due to the moving anxiety kicking in. It will also feel amazing when you start checking all those “to-do’s” off your list one by one!</p> <h3>2. Adopting the Right Attitude Will Minimize Moving Stress</h3> <p>Excessive stress can make us pessimistic, causing us to lose focus and bog ourselves down in more anxiety about moving. Instead of dwelling on the negatives, try focusing on all the positives, instead. Think about the joy of meeting new people, the excitement of exploring the new area, and all the fun activities you’ll be able to experience. Explore your new neighborhood, discover the best cafés, get lost on public transit, and connect with your new community.</p> <p>Feeding the <em>right</em> attitude and familiarising yourself with your new area before moving can help you cope with moving anxiety. When struggling with stress and wondering if you made the right decision, remind yourself that the moving process is only temporary. Do you love your home and are sad about moving? There was probably a time when your current home was new to you, too.</p> <p>Allow yourself to get excited about the brave change you’re about to make and enjoy the adventures as they unfold.</p> <h3>3. Start Planning and Organising Your Move Early</h3> <p>Start early to give yourself enough time to plan your move <em>carefully</em>, so your moving anxiety wouldn’t be through the roof when the nitty-gritty actually starts happening. Packing is definitely nobody's idea of fun, but the move can be much simpler and the packing anxiety much less exhausting if you have some time to declutter and organize first, to have peace of mind when the moving day comes.</p> <p>Get strategic. Work it all out, one step at a time. Arrange any services you’ll need early on. Half an hour of planning and packing each day outweighs trying to make it all work hectically in one weekend, which is definitely going to heighten your levels of stress and moving anxiety.</p> <h3>4. Reach Out and Ask for Help With Your Move</h3> <p>Nervous about moving? Whether you're moving out alone or relocating with your entire family, it’s important to remember that you are <em>not</em> alone. Seeking help and active support from your friends and family can go a long way in helping you cope with relocation anxiety, reduce stress levels, and enjoy the experience. If you need to pack your entire life in a few boxes, you might as well have fun doing it! Make moving a fun, bonding opportunity.</p> <p>Of course, you can always hire professional moving services if you think it’s too much for you to handle alone. Knowing your belongings are safe and taken care of will certainly reduce your moving anxiety and stress levels.</p> <h3>5. Say Your Goodbyes</h3> <p>Moving on seems <em>harder</em> to do if there are still some loose ends. Saying goodbye to your beloved neighbors, friends, your favorite diners and cafes, and your old home can be emotional and difficult. Still, it’s also an essential step in moving on to a new life and getting excited instead of anxious about it. Take the time you need to say goodbye. Let your memories of your old home be ones you’ll cherish and take with you on your new adventure!</p> <h2>Is Selling Your Home On Your Moving Checklist? Get the Best Offer Today</h2> <p><strong>Moving is an ambitious step to take and a universally stressful and anxiety-inducing experience. Selling your home doesn’t have to be.</strong></p> <p>On top of all the moving stress, there are logistical challenges involved in selling your old home like scheduling showings, the uncertainty of when or if you’ll sell, and if you’ll be satisfied with the outcome. We help you reduce moving anxiety by taking these worries out of the equation. We’re here to provide our clients with fair prices and flexible solutions that allow them to remain in control of the selling process, without feeling anxious or overwhelmed.</p> <p>If the hassle of selling your house the traditional way is adding to the moving anxiety you’re experiencing, consider requesting a cash offer instead to avoid a lot of the usual headaches. It is a great alternative solution for sellers who need to move quickly. <a href="https://sleeveuphomes.com/">SleeveUp Homes </a>will buy your house in the state it’s currently in for cash and pay top dollar for it. On top of that, we’ll take care of all the closing costs.</p> <p>Skip staging, repairs, and showings. No strangers traipsing through your home office, no lengthy or expensive roof repairs holding up the sale. <a href="https://sleeveuphomes.com/request-offer?">Request a no-obligation cash offer </a>today and see what we can do for you to help you make your move as easy and anxiety-free as possible.</p>
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          • titleThe Best Small Home Gym Idea
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/small-home-gym-idea" }, "headline": "Small Home Gym Idea: Spice Up Your Fitness Journey", "description": "If you’re just beginning your fitness journey or you’re a pro, you might dread a trip to the gym. Read on to find the best small home gym idea for you.", "image": "https://sleeveuphomes.com/files/blog/b313817d-34f2-4696-b17a-12e26e2b06a6_home-gym-in-a-room-with-a-window.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-13", "dateModified": "2022-05-13" } </script> <p>Being active is a healthy habit, it favors both your body and mental health. Unfortunately, many people get unmotivated to work out because they dread going to the gym. Some people get anxious and cannot work out around other people, especially if it is crowded. Others do not have enough time - they work a lot, the gym is far away, or they have young children. Whatever the reason is behind not going to the gym, there are ways to bring the gym to your home.</p> <p>You might say “I wish, but my apartment is so tiny”, but don’t worry, we got you! We were thinking about the best small home gym idea for fitness lovers living in a limited space. Before you start making designs in your head, ask yourself some questions. You don’t want to overestimate or underestimate your workout routine.</p> <h2>Listen to Your Body</h2> <p>The best small home gym idea is to ask your body what it wants. <strong>Do you do pilates or heavyweights? Do you need a stationary bike or a treadmill?</strong> What do you like and what do you need? Those are some things to think about before you start designing your space.</p> <p>You might be someone who needs just a quick half-hour workout to feel active or someone who is a dedicated fitness enthusiast. Each person is going to have different needs and possibilities. It is a bad idea to copy a small home gym idea from someone who doesn’t have the same workout habits as you.</p> <h2>1. Gym in a Designated Corner</h2> <p>Look around your apartment. Is there a space that you don’t actually use for anything? It doesn’t have to be ample space; any corner will do. You can add a floor-to-ceiling mirror, a workout mat, and a small shelf for your weights and resistance bands. You could easily make it match your apartment or house design just by picking out a nice color of a mat.</p> <p>Stationary bikes and treadmills fit into a compact space if you are more into cardio. They can be a part of your living room, where you could work out and watch TV simultaneously. If you are very serious about your fitness story, this might not be enough for you. This small home gym idea is perfect for those who like to work out for the fun of it.</p> <h2>2. Gym in a Closet</h2> <p>Just as you can have a dedicated space for a home gym, you can also create storage space to fit all your equipment when you are not using it. <strong>You can find foldable treadmills that can fit in a closet, and most of the lightweight workout equipment can be placed there, as well</strong>. So, you can set it up wherever you like it, but as soon as you are done - in the closet, it goes.</p> <p>Storing your equipment is an efficient way to keep your house aesthetics untouched, prevent clutter, and also have all you need right there. Not only will it save you a lot of time that you would spend traveling back and forth to the gym, but it is a money-saver small home gym idea, too.</p> <h2>3. Workout with a View</h2> <p>If you have a window with a nice view, put a stationary piece of workout equipment in front of it and feel the motivation rising. A good window view is priceless, and your home gym design doesn’t have to be too complicated, so combine your breathtaking view and your love for cardio to create the perfect workout environment.</p> <p>Stationary equipment has mixed reviews from users - some love the practicality of it, while others deem it too boring. However, you can always pretend that you are going through the forest or the beach when looking outside the window at the beautiful view.</p> <h2>4. White Walls, Lighting, and Mirrors</h2> <p>Everyone knows that brightly colored walls, large windows that let in plenty of light, and strategically placed mirrors can make a small area appear much larger. If you have a small home gym idea but think that it would feel cluttered and messy - try this trick.</p> <p>Color the walls around the gym area white, and add a mirror to cheat the eye - this should make the space look wider. Now, the lighting of the gym is about preference, since some people prefer working out under dimmed or neon lights, and others like to work out in an illuminated space. One thing is for sure - <strong>small home gyms will feel larger under a bright natural light</strong>.</p> <h2>5. Wall Storage</h2> <p>Wall organizers can serve as a home gym, too. You are going to get extra space if you put the workout equipment shelf nicely organized and on display. There are many ways to do this. You could DIY it or buy it at a furniture store. If you handle heavy equipment it might be better to buy a special rack that can support the weight.</p> <h2>6. Hidden Under the Stairs</h2> <p>The space under the stairs is often left unused, because of its shape and size. Undoubtedly, it is a perfect space for a small gym area, especially if you are a petite person. This is where you can do sit-ups, pull-ups, and planks, you can even install some pieces of equipment.</p> <p>Stairs themselves can serve as a piece of gym equipment for that glute build-up. If you don’t have the space under the stairs to work out, this is where you can create gym storage. It can look minimalistic and clean, while also being functional.</p> <h2>7. Attic or Basement Gym</h2> <p>House owners often wonder how to utilize the space of their attics or basements. It usually serves as a cluttered storage room, but you can transform it into a home gym. A home gym setup can fit perfectly in that kind of space, and you don’t have to worry about ruining your home's aesthetics.</p> <p><img alt="home gym idea in an attic" class="img-fluid" src="https://sleeveuphomes.com/img/home-gym-idea-in-an-attic.jpg" /></p> <p>This kind of transformation offers ample space for the equipment that could never fit into your house. Of course, buying multipurpose equipment will save you significant space and money. <strong>Having a gym in your attic or basement is a good way to subdivide your living space</strong>, which will help you organize your day.</p> <h2>8. Garage Makeover</h2> <p>A good small home gym idea is to put it in a garage, <a href="https://sleeveuphomes.com/diy-garage-storage-ideas">next to your organized storage space</a>. Garages are a great place for a home workout zone, because they are high and wide enough to put all kinds of equipment, plus have the space for a mat. You just need to add good lighting and a few wall decorations, because if you put in some effort, your garage can look like a real gym.</p> <h2>9. Outside Gym</h2> <p>People who live in areas with nice weather don’t need space inside their homes when they can use the space in their backyards to create a small home gym. The idea is to make a workout area by flooring one part of the yard and covering it in case of bad weather, where you can either put your equipment or just use it as your fitness routine space.</p> <p>Moreover, <strong>if you like street workouts your backyard presents the ideal opportunity for a small home gym idea</strong>. Make sure to add appropriate flooring because it protects your legs and knees from injuries.</p> <h2>10. Meditation Nook</h2> <p>If you don’t have enough space, or you don’t feel like moving stuff around - a simple meditation nook can help your fitness routine. No small home gym idea can help you if you live in a match-box-sized apartment, but a meditation nook can be a nice, calming corner of your place to decompress and think things through. Think of it as a workout area for your mind.</p> <h2>How Can Space Help My Fitness Journey</h2> <p>It is not surprising that you need more space if you live in a tiny home. More space gives more freedom of movement and more workout motivation. If you are thinking of upgrading to a larger house, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> to sell your old home for top dollar to finance the new purchase.</p> <p>Not only will more space in a new house help your workout routine, but you will have more storage space and room to grow. That is why we offer the best price for your property as-is. There is no need to do any big renovations or repairs, we will take care of everything. <a href="https://sleeveuphomes.com/request-offer?">Request a cash offer</a> and see that we are serious when we claim to pay top dollar.</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/aesthetic-room-decor-ideas" }, "headline": "10 Aesthetic Room Decor Ideas for 2022 (and 2 Full-Room Conversion Ones)", "description": "Looking to redecorate your house? Here are the 10 most popular aesthetic room decor ideas in 2022, and 2 full-conversion ones if you want to go all out.", "image": "https://sleeveuphomes.com/files/blog/8b59e662-794b-49f5-aabc-d806f73e8042_aesthetic-frame-in-a-scandinavian-decor-living-room.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-13", "dateModified": "2022-05-13" } </script> <p>Online marketing is as natural as breathing to most gen Zs and millennials. Every viral TikTok or Instagram trend is, ultimately, effective self-promotion, even if it’s often unintentional. One recent social media trend is showing off your sense of style and creativity by how your room looks. And that’s what this article will be about – aesthetic room decor ideas that will make people notice you.</p> <p>You may be reading this article because you want to show off your creative side. In that case, we’ll list 10 simple aesthetic room ideas (and 2 full-conversion ones) that will get your creative juices flowing and help you come up with something new.</p> <p>For those older readers who aren’t so much into social media trends, think of it this way – these simple room accessories are cheap and easy ways to promote yourself. If you are selling your house, this is one of the easiest paths to finding interested buyers. With aesthetic decor ideas at your fingertips, why not do some DIY marketing and get ahead of the pack?</p> <p>In any case, here are 10 simple aesthetic room decor ideas everyone can implement.</p> <h2>1. As Many Plants As Your Room Can Take</h2> <p>The first rule of aesthetic room decor is that the room needs to pop. And that necessitates lots of plants to give off a natural and energetic vibe and provide entrancing colors. Whether you’re going to have hanging plants or planters strewn across the room for that organized-chaos look is up to you.</p> <p>And of course, plants let you play with the color palette, so they can be a good fit for literally any room. You can go for the subdued green of creeping vines, the warm purple of lavender, or the passionate red of a dahlia. They are the primary aesthetic accessory and at least a few should be in every room. The bottom line is – plants, plants, plants.</p> <p><img alt="flowers" class="img-fluid" src="https://sleeveuphomes.com/img/flowers.jpg" /></p> <h2>2. Fake Plants?</h2> <p>Fake plants quite make the same impression as real plants do, there’s no going around that fact. But they are a good substitute and will provide your room with unique textures. Maybe you have allergies or just don’t want to spend energy taking care of the plants. Your reasons are your own, but whatever they are, fake plants are a good substitute for the real thing.</p> <h2>3. Fairy String Lights</h2> <p>Fairy string lights are a must if you are going for a cozy and comfy room aesthetic. They add character but are unassuming. They are perfect for framing the focal point of your room to make it stand out. And there are so many variations of fairy string lights that you will easily match them with the overall aesthetic you are going for. Oh, and they are quite cheap to get.</p> <h2>4. Room Decor for Small Rooms – Full-Length Mirror</h2> <p>A full-length mirror can be the centerpiece of any small room. Just imagine one in the corner opposite your window framed by your string lights. A full-length mirror is an aesthetic room decor idea that fits with everything. But it’s particularly suitable for small rooms – the interplay of light with the mirror will make your room appear much more spacious and natural.</p> <h2>5. Wall Art</h2> <p>It won’t come as a surprise that wall art has always been a thing. But in the last few decades, wall art has become so… 1950s-like? In any case, old-timey. But you can use that to your advantage. Go for a vintage look with a modern touch by making one or two art pieces the cornerstone of your room’s aesthetic and complement them with similar themes.</p> <h2>6. Wall Flower Garlands</h2> <p>Still not into wall art? That’s perfectly fine. Another option is making flower garlands and hanging them on your walls. Or simply stick flowers to your walls. They will be just as attention-grabbing as wall art but will make your room more energetic. And if you can’t be bothered with fresh flowers, you can always use dried or fake.</p> <h2>7. Neon Signs</h2> <p>Hanging neon signs is another aesthetic room decor idea focusing on your walls. However, neon signs definitely don’t go with everything. If you’re going for a natural or vintage look, don’t go for neon signs. On the other hand, if you’re going for a 70s- or 80s-themed room, neon signs are a must. And there are so many types that you are bound to find something you like.</p> <h2>8. Vinyl Records</h2> <p>When talking about vintage looks, vinyl records must be mentioned. First off, they look great and you can mix and match them until you find a pattern you like. And second, you get to show off your music taste. Also, the records don’t have to be the only thing handing on your walls – you can incorporate them into a wall collage for more visual diversity.</p> <h2>9. Tapestries</h2> <p>Another option for walls is tapestries (although you can just as easily use them as curtains or bedcovers). Now, tapestries are works of art by themselves and come in a plethora of patterns, sizes, and textures. You are sure to find one you like that fits your overall room decor. On the downside, high-end tapestries can be quite expensive.</p> <h2>9. Tapestries</h2> <p>Another option for walls is tapestries (although you can just as easily use them as curtains or bedcovers). Now, tapestries are works of art by themselves and come in a plethora of patterns, sizes, and textures. You are sure to find one you like that fits your overall room decor. On the downside, high-end tapestries can be quite expensive.</p> <h2>10. Canopy</h2> <p>In case you want your aesthetic room to be truly unique, you can choose to put a canopy over your bed. Similar to tapestries, canopies come in many styles, although they always fall on the more elegant side of room aesthetics. If nothing else, maybe it will keep the mosquitoes out?</p> <h2>Full-Conversion Aesthetic Room Ideas</h2> <p>We’ve listed 10 aesthetic decor room ideas that are based on mixing and matching different room accessories to come up with your own style. But you can also focus on one style and do a full-room conversion. If this is the path you’re choosing, we suggest you check out:</p> <h3>Danish Pastel Aesthetic Room</h3> <p>The Danish pastel aesthetic has been all the rage since 2020. It is characterized by Scandinavian furniture, bent and curvy lines, naturally-lit rooms, and pastel colors contrasted with white or light walls. Danish pastel rooms give off a vibe of warmth and innocence.</p> <h3>Cottagecore Aesthetic Room</h3> <p>Cottagecore, as the name suggests, is a modern take on old-time cottages. It is characterized by earthy and green colors, botanical motifs, and wood furniture. Vintage accessories like old framed mirrors or lanterns are perfect additions to a cottagecore aesthetic room. A cottagecore room should be subdued and relaxing.</p> <h2>Are You Redecorating Your Home to Attract Buyers?</h2> <p>If you are interested in aesthetic room decor ideas because you are thinking of selling your house and wish to attract buyers via social media, there’s no need. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house in the state it’s in currently for cash and pay top dollar.</p> <p>We are a local Southern California company and will buy your house directly from you. There are no realtors or other middlemen involved – which means that you get to negotiate the terms of sale and pay no realtor commission. On top of that, we’ll take care of the closing costs.</p> <p>If you are interested in how much you can get for your house as-is, <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a> and see what we can do for you.</p>
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          • titleSimple Ideas for Your Next DIY Garage Storage Project
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/diy-garage-storage-ideas" }, "headline": "Simple Ideas for Your Next DIY Garage Storage Project", "description": "Spring cleaning time has come, and you would like to organize your garage? Read this article for some DIY garage storage ideas for your next project.", "image": "https://sleeveuphomes.com/files/blog/4ef55e3b-8a05-4e68-9fa4-54f0000ff5dc_woman-looking-at-a-phone-in-a-garage.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-04-20", "dateModified": "2022-04-20" } </script> <p>The garage is often that place in the house that gets cluttered fast, and it looks like it belongs on an episode of <em>Hoarders</em> soon after you tidy it up. What is it about garages that make them a household’s miscellaneous bin? It is usually a lack of storage and space to fit everything that isn’t used that often. We compiled a list of DIY garage storage ideas that you can easily do by yourself.</p> <p>But what is the cheapest way to organize a garage? The answer is probably - do it yourself. We know that remodeling projects are stressful for a family. You would more likely wish to put that work and money into a living space. Rather than spending money on a big garage storage space adjustment, it could be fun and cheap to commit to a weekend DIY garage storage project.</p> <h2>What Does It Mean to Maximize Space?</h2> <p><strong>When you decide to DIY your garage, it is all about maximizing the existing storage space instead of adding square footage</strong>. What does it mean to maximize space? It is to take advantage of unused space, meaning every inch available on the walls, floors, and even ceilings in the garage.</p> <p>There are plenty of garage wall organizers you could buy in a hardware store. Still, in this article, we are talking about DIY garage storage projects. You first need to take everything out of the garage, declutter, and start from scratch; then, you will see that you have ample storage space to fit everything.</p> <p>When you have a clean slate, start measuring everything and finding some DIY garage storage ideas below. Be realistic with your abilities and your budget. Do not forget to label everything. It is so easy but functional.</p> <p>The best garage storage system is the one that fits your family’s needs. The functionality of the space will change once you ask yourself and your family what you use the garage for? Is it a workshop or a gym, or is the car often parked inside? After answering these questions, finding the inspiration, and measuring, you are all set to start your DIY garage storage makeover.</p> <h2>Overhead Storage Unit</h2> <p>Overhead space is often unduly overlooked because it may seem impractical as a storage unit. But we all have some things in our garage that we never use, such as childhood memorabilia and seasonal items that we use once a year.</p> <p><strong>Overhead storage could be a great way to optimize the garage space if you park the car inside</strong>. You can use the ladder or a stool for quick access. If you search online for overhead DIY garage storage, you will find many ways to install shelves and sliders. Still, we chose two storage methods that anyone familiar with tools can create in no time.</p> <h3>Sliding Storage on the Ceiling</h3> <p>A storage unit on the ceiling is a perfect DIY garage storage solution for those homeowners who have many hobbies but not enough storage in their house. There are two ways to keep storage bins on the ceiling, either on a sliding drawer or on a fixed shelf.</p> <p>Sliding ceiling storage has to be one of the best garage storage systems. You need plastic tote boxes and wooden strips. You need the totes to have a thicker rim so they can fit in between the stripes. Wooden stripes need to be strong enough, so using a pine stop strip is best. <em>Use strong glue if you plan to store light to medium light items, and screws and nails for something heavier</em>.</p> <p>Storage on the ceiling can also be in the form of a fixed hanging shelf or a hanger for ladders, yard equipment, and even bike storage. Ceiling storage is an innovative and cheap garage organization trick if you lack space. Grab your tools and start your DIY garage storage reorganization this spring.</p> <h3>Storage over the door</h3> <p>The area around and horizontal space over the garage door is often unused space. This is one of the most accessible garage shelving ideas that can be done even by those not as handy. These shelves are more approachable than the hanging storage because it is screwed into the wall and not the ceiling.</p> <p>You need wooden studs and plywood, connector screws, and corner connectors. <em>This shelf is solid</em>, so you can put anything there, from camping gear to some tools and machines. The price of this DIY garage storage project depends on the size of the shelf, but it is around $150, and it will take approximately 10 hours to finish.</p> <h2>Universal Use of a Coat Rack</h2> <p>Coat racks are not just for hanging coats anymore. The simplest thing that you can do and call it a DIY garage storage project is to put two small coat rack hangers next to each other. It is an easy trick for storing things with a handle and a wider head, such as shovels and rakes.</p> <p>The space can be maximized and organized by some simple stuff. For example, grab a smaller chain piece, roll up your hose and hand it on a coat rack. There you have it - a hose rack.</p> <p>You can also easily create a coat rack for your screwdrivers and wrenches. Take a piece of wood and poke holes the size of your screwdrivers, or carve the dimensions of your wrenches and drill the piece of wood into the wall.</p> <p>Of course, a coat rack can be just that - a hanger for rainy coats and winter jackets. You can put it right next to the entrance door. This is a clever way to keep your house clean during bad weather days. A DIY garage storage project can be a quick task if you think out of the box.</p> <h2>Tool Storage</h2> <p>There are many tool storage ideas for garages, but not all are DIY storage ideas. You can buy a metal board with holes for tool hanging, but why not make it yourself? Here is a neat garage tool organization idea – screw a jar lid on a piece of wood and store tiny fasteners for a tidier look.</p> <p>Another DIY garage storage project that could take one to two days to finish is a tool wall. One of the best wall storage ideas is to screw small iron hooks into a piece of wood and fill out the vertical space on your wall. Tools usually have a hole at the bottom of their handle, so you can hang them by it. Otherwise, you can just place them over the two iron hooks.</p> <p><img alt="diy tool rack" class="img-fluid" src="https://sleeveuphomes.com/img/diy-tool-rack.jpg" /></p> <p>This is useful for homeowners who use their garage as a workshop, so they need their tools in a prominent, accessible place. If you don’t have many tools in your garage, a DIY garage storage wall is unnecessary and will only take up space.</p> <h3>Yard Tool Rack</h3> <p>Yard tools generally take up so much space because of their size and shape. <strong>Luckily there are ways around the mess that they create. Best garage storage systems have vertical space designed for yard tools</strong>.</p> <p>You can take two thick but tall wooden boards and make a cut at an angle. That cut should be as thick as the widest handle of your yard tools. It should be at an angle so the tools wouldn’t fall down.</p> <p>DIY garage storage ideas are everywhere on the internet, but they often seem impossible for an average homeowner. But the pool noodle trick will not disappoint you. Make a yard tool holder out of a pool noodle by cutting it in half and gluing it onto a wall. Make slits in the pool noodle to wedge the handles in. This is as easy as it sounds.</p> <h2>Fishing Equipment storage</h2> <p>The pool noodle trick works for fishing equipment, but especially the fishing rods, as they are thin and the slits on the noodles are narrow. But if you are a passionate fisherman, the noodles will probably not be enough for all your equipment.</p> <p>You can create an overhead holder for your rods by fixing pieces of wood onto a ceiling and screwing wide hooks with an open side. That way, your rods will stay safe and not make a mess.</p> <p><strong>DIY garage storage for fishing equipment can also be a display of all your baits</strong>. If you have a lot of baits, this bait rack will offer you access to all of them. Plus, it sure is fun to have a colorful garage decoys exhibit.</p> <h2>Sliding Door Cabinet</h2> <p>DIY garage storage cabinets are usually made for different tools and machines, mainly to keep them out of kids’ reach. If you are handy with tools or like to learn new things - this is your sign to build a sliding door garage cabinet. This is the way to go if you want that minimalist style but have too much stuff.</p> <p><strong>This project could be the peak of the DIY garage organization, so it is challenging</strong>. Still, it can be done with proper tools, confidence, and patience. This cabinet is a floor-to-ceiling construction with a lot of storage space.</p> <p>You can add as many shelves as you need and the racks and holders that we listed in this article. Basically, if you could fit everything you own in overhead storage and this cabinet, you would have a clean garage to work out in or make it a little dance studio.</p> <h2>Recycle Plastic Bottles</h2> <p>Your next DIY garage storage project could be eco-friendly, too. It is not much, but you could save plastic bottles, and rather than throwing them away - you can use them to make a storage unit.</p> <p>If you have a wooden surface that is not too wide, screw bottle lids on both sides. Cut the oval shape at the top of the bottles twisted to the lids below. Cut the bottom of the bottles twisted to the top lids. This is best for storing smaller stuff, which is usually bought in bulk - nails, dowels, and other necessities that generally get lost in the chaos.</p> <p>Another great way to recycle plastic bottles is to cut the tops and the bottoms, glue them on a wall or other firm surface - and store your yard tools. It is an easy DIY garage storage idea, but it makes all the difference.</p> <h2>Install Corner Shelves</h2> <p>When we say to maximize the space, we mean walls and ceilings, and don’t forget the corners. Installing corner shelves beside the entrance to the house is so functional. This is where you can keep the shoewear that you do not want inside your home.</p> <p>Do you want the boots you went fishing in on your hardwood floors? Make sure to install them far enough apart, so you can fit high boots and chunky shoes on top. Corner shelves could be used for storing all the things you brought with you from outside that you do not want to get inside.</p> <h2>Label Everything</h2> <p>The final advice is to label everything. There is something about having labeled plastic bins, that just scratches the “organizing” itch. Not only will you be more aware of what you keep and where, but it will be easier to clean the garage in the future. <strong>Every DIY garage storage project should include a label maker as the main tool</strong>.</p> <h2>If You Have Too Much Stuff</h2> <p>Sometimes a family gets too big for a house they own, they have more stuff they need, and much more memories to store. If you are thinking about upgrading your real estate because you do not have enough space and you need to sell your old home beforehand, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>.</p> <p>There are no DIY garage storage ideas that can help you if your house was suitable for two people, and now there are five of you. That is why we will pay top dollar for your property as-is, so you can upgrade without any worries. But there’s no need to rush - <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a> and see how we can factor into your plans.</p>
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          • descriptionZach has broad experience in marketing, technology, and finance, and he has held leadership positions at multiple startups since 2017.
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          • autor_nameSleeveUp Homes
          • titleGranny Flat: New Affordable Housing Trend
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/granny-flat" }, "headline": "Granny Flat: New Affordable Housing Trend", "description": "Ever wondered what a granny flat is? Read this article to find out what it is, the other names it has, how to add it to your home, and how to insure it.", "image": "https://sleeveuphomes.com/files/blog/aa1560e3-29fd-4a61-b509-f953c4a66fb8_granny-flat.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-04-07", "dateModified": "2022-04-07" } </script> <p>Did you ever wonder what is a granny flat and why is it called that? Is it just a flat where your grandma lives? Well, it could be. But essentially, <strong>a granny flat is an additional living space on your single-family property</strong>. It can be a living space for the elderly you are taking care of, a home office, a guest house, or a renting unit.</p> <p>The main thing is that this accessory dwelling unit (ADU) has living spaces independent from those in your main residence. It has its own kitchen, bathroom, living room, and bedroom, and does not share any of those with the primary dwelling.</p> <p>This additional space can be added or renovated, it can be inside or outside your house, it can have a separate entrance, or you can share a hallway. There are many possibilities and the best thing about it is that ADU is great affordable housing, especially for young people who are just starting their careers.</p> <p>There are many pros to having a granny flat, depending on what you are using it for. Whether you decide to <a href="https://sleeveuphomes.com/rent-jumps-to-new-highs">rent</a> it out, or to use it yourself, here we laid out some pointers for utilizing your property and creating an accessory dwelling unit.</p> <h2>In Other Words…</h2> <p>The name <em>granny flat</em> comes from the popular usage of the space, where instead of the elderly family members living alone or in a nursing home, they lived independently on your property. <strong>Another popular word for this space is an in-law suite, or mother-in-law suite</strong>, and for the same reason.</p> <p>It is a great way of symbiotic cooperation between generations. In-laws can be helping with child care, and a younger couple could be helping with transportation, health issues, or other day-to-day activities.</p> <p>Additionally, you may have heard of pool houses, guest houses, laneway houses, and backyard cottages. Those are all forms of granny flats, although built for a different purpose. But all those units have an independent living space for one to three people.</p> <p>You know how in sitcoms there is always that one friend who will most likely stay single, so the others joke about how he will live in their “place above the garage” or a “basement apartment”? Those are also types of granny flats, but unlike a laneway home, these are structurally attached to the primary dwelling.</p> <p>The point is that however you decide to name that added space to your house, it will be useful to you and the others. Here are a few ways to help you add a granny flat to your primary residence.</p> <h2>Should You Add a Granny Flat to Your Primary Dwelling?</h2> <p>When asking yourself should I convert my single garage to a granny flat, you need to know what could be the purpose of that additional space. There could be many reasons behind this decision, but it is important to figure out how to build and design accordingly.</p> <p>You could rent it permanently, and be a figure in creating affordable housing. If you are not comfortable with sharing your property with someone for a longer period, you can always turn your granny flat into temporary accommodation, such as an Airbnb. The need for a home office is a legitimate reason and an investment in both your home and your mental health.</p> <p>Before you do anything else, <strong>consult with your municipality to check what permits you need and the conditions you need to fulfill to start building your ADU</strong>.</p> <p>You will probably need to get a building and utilities permit (for electricity, water, etc), and depending on where you live, you might need to check height restrictions and hazardous clearance. In case you are just renovating your basement, there is a chance that you don’t need any permits, but you should nevertheless check with local authorities.</p> <p>Now that you have the bureaucratic and motivational part done, it is time to think about your granny flat designs. Usually, you would need to fit everything that a house needs into a tight space. This does not mean that all granny flats are small - many of them are much bigger than an average apartment in a metro area. Still, it is all about the functionality of the space.</p> <h3>Does it Add Value?</h3> <p><strong>A granny flat adds, on average, 20-30% value to a single-house property</strong>. Plus it can create income if you rent it. The cost of building an ADU is different depending on many factors, the first one usually being how much are you willing to pay. Some assessments state that the price is somewhere between 25,000 and 160,000 dollars.</p> <p>The wide range can be explained by the fact that there are at least four types of in-law suites, and each has its pros and cons. Those that are attached to your primary dwelling are less expensive but much more invasive to your family’s privacy. Detached granny flats are more expensive, but give you and your guests a lot more autonomy and privacy.</p> <h2>Structural Forms of the In-Laws Suite</h2> <p>An empty or rarely used garage can be easily transformed into a functional living or office space, that way you are utilizing every square foot of your property. If you have a fixer-upper basement or an attic but do not need that space for your family, you might as well convert them into a granny flat while renovating. An ADU will add more value to your house, as opposed to game rooms and cinemas that people sometimes put in those spaces.</p> <p>A mother-in-law suite could be added on top of your garage with an additional independent entrance. Many granny flat designs online show how to use the space, but when building something on top of your property is it best to consult an architect.</p> <p>The most expensive and permit-needed ADU is to build a stand-alone unit, completely detached from the primary residence. If you were to put that granny flat up for rent, both of your households would be living separately and would only be sharing a lawn.</p> <h2>Insurance for a Granny Flat</h2> <p>Consult with your insurance company about what kind of coverage your potential mother-in-law suite would have. There is a chance that you are not covered if you have a detached unit or an over-the-garage unit. Homeowner insurance probably covers converted garages, basements, and attics.</p> <p>You will likely need to expand coverage for the added dwelling space because your homeowner insurance was designed by the calculations of how much money it would take to rebuild your home.</p> <p>If you put your granny flat up for rent you will most likely need to cover it with the landlord's insurance. It is what would be the safest in case of rent losses, but also in case of any incidents. If the granny flat holds a different postal number than your residency, this could be a legal necessity, otherwise, it is just a suggestion.</p> <h3>Renters' Rights in ADU Accommodation</h3> <p>Renters of AUD in Los Angeles are protected by rent control, but this is not the case for the whole country. Some investors are buying single-family homes, adding granny flats, and renting them out. This creates confusion because a single-family property becomes a multi-family property and the regulations are not clear.</p> <p>Since it is quite a new trend in affordable housing, a granny flat is yet to be concretely and clearly added to state and federal legislation. The fact is that it is much less expensive than renting out a condo in Los Angeles or San Francisco.</p> <h2>Selling a Property with a Granny Flat</h2> <p><img alt="Granny Flat " class="img-fluid" src="https://sleeveuphomes.com/img/granny-flat-sleeveup.jpg" /></p> <p>If you have a property with a granny flat and want to sell it for a top dollar, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> and get the best deal. You can even <a href="https://sleeveuphomes.com/request-offer?">get a cash offer</a> and you do not need to renovate - we look for potential, but still pay full price.</p>
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          • titleSimple Home Improvements: Low Maintenance Front Yard Curb Appeal in 2022
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/low-maintenance-front-yard-improvements" }, "headline": "Simple Home Improvements: Low Maintenance Front Yard Curb Appeal in 2022", "description": "Are you looking for low maintenance front yard curb appeal ideas? You’ve come to the right place – learn how to improve your curb appeal with minimal effort.", "image": "https://sleeveuphomes.com/files/blog/c7798864-54f9-49f6-8ed4-0246d7cb2c21_exterior-of-modern-house-with-front-yard.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-04-01", "dateModified": "2022-04-01" } </script> <p>It will come as no big surprise that curb appeal is the number one selling point of your house. After all, it’s the first impression people get of your home and first impressions matter. However, improving or maintaining curb appeal can be a relatively large undertaking. That’s why this article will focus on low maintenance front yard curb appeal – you get what you need with minimal investment.</p> <p>Whether you want your house to be appealing because that’s how you like it or you are thinking of selling so you want to attract buyers, this article will provide front yard landscaping ideas that are easy to implement. If you are still unsure of the importance of curb appeal, well, <a href="https://www.homelight.com/blog/real-estate-top-agent-insights-survey-q2-2019/" rel="nofollow">94% of real estate agents</a> say that buyers pay more for houses with good curb appeal. So let’s get to it.</p> <h2>Low Maintenance Landscaping Ideas</h2> <h2>Display Your House – Cut Down on the Vegetation</h2> <p><strong>Your home can appear messy when most of it is covered by mature trees or large shrubs</strong>. Even if the trees and shrubs are perfectly pruned, your home will appear overgrown at first glance. And because curb appeal is all about <em>first impressions</em>, this is not something you want. Additionally, it can make your home appear smaller, which is not a good thing.</p> <p>Thus, cross the street and take a good look at your yard. Try to think from the perspective of potential buyers. Does your vegetation look out of control and messy? Does it shrink your house? If the answer is yes, pull out some trees and shrubs or give them a good trim. You don’t need to apply innovative, modern front yard landscaping ideas if a simple trim will do the job.</p> <p>Electric trimmers are not too expensive and they will help you do the job quickly. Just make sure you wear gloves and protective eyewear – there’s no reason to injure yourself when doing front yard maintenance.</p> <h2>Or Add Some Vegetation</h2> <p>On the opposite end of too much vegetation is too little. Proper balance is essential to curb appeal. You have multiple options here – you can plant trees, shrubs, or lay garden beds. However, these plants take time (even years if we’re talking about trees) to mature and bloom, so they are not a good option if you are increasing curb appeal in order to sell.</p> <p>But that’s why potted plants exist. <strong>They are the definition of low effort, low maintenance curb appeal</strong>. Buy flowers that are already in full bloom and you have a 5-minute colorful garden with the same effect as a flower bed.</p> <p>And potted plants have another benefit – you can use the pots themselves to increase your curb appeal. Vary them by size and style if you are looking for some diversity, or keep them all the same if you are going for a uniform look. You can even go modern and use old shoes or kettles to get a unique look.</p> <p>It’s up to you to choose which option you go for, but too few plants is just as bad as too many plants. A good composition will make your house more vibrant and attract buyers.</p> <h2>Have You Considered Removing Your Grass Lawn?</h2> <p>A neatly mowed, tidy green grass lawn adds to curb appeal, there's no doubt about it. But it doesn’t fall into the <em>low maintenance</em> front yard curb appeal category, particularly during times of drought, as it is so often in Southern California. So, have you considered removing it?</p> <p>There are multiple rebates for removing grass turf in California, some going as high as <a href="https://bawsca.org/conserve/rebates/lawn" rel="nofollow">$4 per square foot</a>. The primary purpose is to conserve water usage and some even offer to install additional features like smart irrigation, stormwater retention systems, or a water feature.</p> <p>But how would that affect your front yard curb appeal? Not at all, if you replaced grass turf with a sustainable landscape design with native plants. <strong>Drought-tolerant plants like cacti combined with gravel and stone are very popular right now and will have the same positive impact on passers-by</strong>.</p> <p>So, while removing grass turf will not increase your curb appeal, it will make it low maintenance – no more mowing, watering, or fertilizing.</p> <h2>Some Cheap Installations</h2> <h2>Redo Your Driveway or Walkway</h2> <p>Cracking cement and unruly weeds will bring down the overall appeal of your house. Buyers will come to inspect your home and this can make your home seem unkempt, consequently bringing down the price. Now, <strong>redoing the entire walkway or driveway can be expensive, and won’t necessarily have the best return on investment</strong>.</p> <p>And because this article focuses on low maintenance front yard curb appeal, this is not what we are suggesting. However, what you can do is redo your walkway with paving stones. Paving stones make your house look more sophisticated, plus they're much easier to repair – you replace one stone instead of repairing a whole section of concrete.</p> <p>If this is the path you choose, go for a longer, winding walkway instead of a straight one leading to your door. It is visually more appealing and will increase your curb appeal. In case even this is too much work or beyond your budget, you can simply line your walkway with the potted plants we discussed before – it has a similar effect and when combined with a cracked walkway may give your house a rustic look, instead of an unmaintained one.</p> <p>Remember, <strong>curb appeal is all about presentation and first impressions</strong>, so it doesn’t matter why something is the way it is but what it appears to be.</p> <h2>Solar Lights for Night-Time Illumination</h2> <p>Now that we’re finished with cheap, simple front yard landscaping ideas, let's move on to highlighting them. After all, why improve your curb appeal and then limit yourself to daytime viewing? <strong>A well-lit house will attract any buyer looking at your house at night, plus it looks great in listing photos</strong>. And if you install solar lanterns, it’s a triple win.</p> <p><img alt="Outdoor Lamp on Yard Lawn" class="img-fluid" src="https://sleeveuphomes.com/img/front-yard-outdoor-lamp.jpg" /></p> <p>First, you have a well-lit house that increases your curb appeal all by itself. Second, solar lights are very low maintenance. Third, sustainability is another selling point. No, you are not <a href="https://sleeveuphomes.com/how-much-does-it-cost-to-build-a-sustainable-house">building a sustainable home</a>, but solar lanterns combined with sustainable landscaping are a good stepping stone and buyers are willing to pay more.</p> <p>As far as where you should place the lights, well, you can experiment a bit. Try placing them along your walkway and any other feature you wish to highlight. Solar lanterns are easy and cheap to install, so don’t be afraid to position them in different places until you find the look you want.</p> <h2>The Finishing Touches</h2> <h2>Enhance Your Mailbox</h2> <p>We’re talking about low maintenance front yard curb appeal, but still haven’t mentioned your mailbox, which we’ll rectify right now. The mailbox may seem small and insignificant, but it’s often the first thing potential buyers see. Getting a new mailbox won’t break the bank, afterward, it requires no maintenance, and you’ve got a new feature buyers will be attracted to.</p> <p>But make sure you check the local laws or HOA ordinances if you are going for a more extravagant mailbox. On the other hand, if you don’t want to change your mailbox, a fresh coat of paint will do a similar job. Choose either option, just <strong>don’t leave your mailbox as-is if it is in a state of disrepair</strong>.</p> <h2>Get Some New House Numbers</h2> <p>Finally, we get to the simplest improvement you can make – changing your house numbers. This may seem even more insignificant, but think of it this way – you’ve got a nice new mailbox, a well-lit walkway, attractive landscaping features, and old generic house numbers. They will stick out like a sore thumb and kill the entire vibe.</p> <p>Once again, <strong>you are not appealing to reason but to emotions</strong>. You want potential buyers to feel like they <em>need </em>to live in your house. That’s why the overall impression matters. Make sure your numbers match the exterior finish and lighting fixtures and you’ve got a winner. Oh, we forgot to mention that house numbers are dirt cheap, even custom-made ones.</p> <h2>What’s Even Better than Low Maintenance Front Yard Curb Appeal?</h2> <p>If you are selling your house, no need for curb appeal at all. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house for cash as-is and pay top dollar. You do not need to get your house ready for sale because we look for potential and will pay the full price either way.</p> <p>That also means you don’t need to make any repairs or hold open houses. And because you are selling directly to us, you won’t have to pay a realtor commission. But don’t take us at our word that we pay top dollar – <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a>, no strings attached, and take your time to think on it.</p>
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          • short_descriptionAre you looking for low maintenance front yard curb appeal ideas? You’ve come to the right place – learn how to improve your curb appeal with minimal effort.
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          • descriptionGet valuable information on home sales, real estate trends, and many more. SleeveUp Homes understands this competitive market and can advise you properly!
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          • nameZachariah Peterson
          • descriptionZach has broad experience in marketing, technology, and finance, and he has held leadership positions at multiple startups since 2017.
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          • titleTips for First Time Home Buyers in California
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/tips-for-home-buyers-in-california" }, "headline": "Tips for First Time Home Buyers in California", "description": "If you’re wondering how to buy a house in California for the first time, read our tips, and you’ll be ready for everything the housing market throws at you.", "image": "https://sleeveuphomes.com/files/blog/0fe48567-8856-4998-9542-02e13d01e88e_beachfront-real-estate-in-san-diego-california.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-03-31", "dateModified": "2022-03-31" } </script> <p>If you're a first-time homebuyer in California, you're probably confused and worried about doing it the right way. That's understandable since buying a house <em>anywhere</em> can be complicated and knowing how to buy a house in California is doubly so, due to the state of the housing market.</p> <p>How much is it to buy a house in California? What are the requirements for first-time homebuyers? Asking yourself these questions is normal, but there's no need to worry as house buying doesn't have to be difficult. Especially if you inform yourself well and know everything before buying your new home.</p> <p>That way, you won't end up surprised with all the requirements and paperwork you must complete, and you'll be ready for everything the housing market throws at you. We prepared these tips for first-time homebuyers so you can learn how to buy a house in California and do it trouble-free. So, keep reading and find your dream home.</p> <h2>Calculate Your Finances</h2> <p>Before moving on to steps on how to buy a house in California for the first time, <strong>understand how your financial situation affects your home buying alternatives</strong>. You can do that by taking inventory of the financial requirements described below.</p> <h3>Stable Income Within the Last Two Years</h3> <p>If you intend to take out a home loan to buy a house in California, you need to have proof of receiving a steady income from an employer within the last two years. If you’re self-employed, you need to provide valid documentation on where your money comes from.</p> <h3>Good Credit Score</h3> <p>You need to have a credit score of at least 620 to qualify for a conventional mortgage. Maybe you’re wondering <strong>how to buy a house in California with a lower credit score</strong>. In that case, you may be able to get a Federal Housing Administration (FHA) loan with a credit score of 580. However, you must have a lower debt-to-income ratio.</p> <h3>Payment History</h3> <p>Lenders may be reluctant to lend you money if you have a history of late payments, even with a high credit score and stable income. That’s why you need to ensure that you have paid off your bills on time for the last 12 months before applying for a loan.</p> <h3>Debt-to-Income Ratio</h3> <p>The debt-to-income ratio refers to your monthly debt payments divided by your gross monthly income before taxes. You shouldn’t exceed 50% before applying for a loan, or it will be challenging to find a lender who will approve your application.</p> <h3>Excess or Delinquent Debt</h3> <p>If you have delinquent debt or your DTI ratio exceeds what you need to qualify for a mortgage, pay them off before applying for a loan.</p> <h3>Down Payment</h3> <p>Lenders in California require you to make a down payment towards the house of at least 3% of the purchasing price. That’s how they counterbalance their risk.</p> <h3>Closing Costs</h3> <p><strong>Buying a house in California involves several closing costs</strong>. As the buyer, you’ll have to pay a majority of these expenses, which can add up from 2% to 5% of the sale price.</p> <ul> <li>Appraisal and inspection fees</li> <li>Loan application fees</li> <li>Property taxes</li> <li>Homeowners insurance</li> <li>Title insurance policies and fees</li> </ul> <h2>Choose the Right Area</h2> <p><strong>Consider the neighborhood when buying a house in California</strong>, as it can be as important as its features. The following factors can help you decide which area is best for you.</p> <p><img alt="California Street" class="img-fluid" src="https://sleeveuphomes.com/img/california-street.jpg" /></p> <h3>House Buying Budget</h3> <p>Once you know your house-buying budget, you can narrow your search to areas where houses are selling within your buying budget. The typical home value in California is around 758,400 dollars.</p> <p>But fret not if that exceeds your budget. If you’re wondering <strong>how to buy a house in California with a low income</strong>, you should explore the market more since home prices fluctuate from city to city and find the one that matches your budget.</p> <p>Look at the past home value trends too, as that can tell you how much your home’s value could increase over the following years. Ideally, you will choose an area that matches your budget and can result in a significant return on investment if you decide to sell it.</p> <h3>Local Amenities</h3> <p>The next step on how to buy a house in California is to evaluate how well each neighborhood in your budget matches your needs and preferences. Some factors to consider are school districts, crime rates, restaurants and amenities, transportation options, etc.</p> <h2>Get Pre-Approved for a Loan</h2> <p>Many housing markets in California are pretty competitive, where a single house often receives several offers. By getting a pre-approval letter from a mortgage lender, you can get an advantage and even get the seller to show you the house. That way, you will show you’re financially ready to put in an offer on the house.</p> <p>When looking at how to buy a house in California, you should find an excellent mortgage lender. Considering the following factors can help.</p> <ul> <li><strong>Lenders</strong>: In the sea of mortgage lenders, try to find one with a proven track record of serving satisfied customers. Also, it’s a good idea to find a lender who’s easy to work with and can process your loan fast.</li> <li><a href="https://sleeveuphomes.com/interest-rate-increase-affecting-mortgages"><strong>Interest rates</strong></a>: Interest rates refer to the amount the lender charges you and is a percentage of the amount you borrowed. They can fluctuate day to day and from state to state, depending on your financial situation, the length of your mortgage, and the local economy.</li> </ul> <h2>Find a Competent Real Estate Agent in California</h2> <p>Apart from finding and showing you homes, your real estate agent should give you expert advice on how to buy a house in California. They should also help you make offers, negotiate contracts, and guide the closing process. On top of that, the agent can recommend other service providers, such as inspectors and title companies.</p> <p>However, don’t rush and pick the first agent you come across. Be patient and <strong>research various agents</strong> with experience in the neighborhoods you’re considering.</p> <p>Ask them about their target areas, how they communicate, and their strategy for helping you buy your new house. Choose the one that you find competent and feel comfortable with his or her experience, knowledge, and process.</p> <h2>Start Searching for Houses in California</h2> <p>Searching for houses in California can be entertaining. You’ll see various homes and discover what you need and want in a home. If you must choose between your needs and wants, prioritize needs.</p> <p><strong>Make a list of everything you want in a house</strong>. The items most important to you should be at the top of the list. That will help you separate your needs and wants. Then, your real estate agent can help you realize whether your wants are realistic for your budget or if you need to reconsider your options.</p> <p>The timing of your house search in California can also affect the number of your options. In California, May has typically seen the most houses for sale. That said, <a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house">house-hunting in May</a> could offer you more alternatives and better chances of finding a perfect home.</p> <h2>Place an Offer</h2> <p>If you’re buying in a hot market, you must <strong>act fast</strong> and try to sweeten the deal. That way, you can increase the chances the seller will choose you over other prospective buyers. Below are several ways you can do that.</p> <ul> <li>Place a deposit larger than 20% of the selling price.</li> <li>Ask for seller concessions. That way the mortgage will include your closing costs, and the seller will sell the house at a higher price.</li> <li>Ask for repair credits so that you can control the repairs. That way the seller doesn’t have to risk exceeding their budget to fix something.</li> </ul> <h2>Inspections and Appraisals</h2> <p><strong>Inspections and appraisals are ways for a better evaluation of the house’s condition and value</strong> before you buy it. You may have a chance to renegotiate the terms of your contract after this step is complete.</p> <p>Having a licensed inspector inspect your home will give you peace of mind about its condition before spending thousands of dollars to buy it. The inspector should check out the foundation, roof, electrical and HVAC systems, and plumbing. If the house has a septic system, you should also invest in a septic inspection.</p> <p>Appraisals help determine the value of the home. If you’re using a mortgage to buy your new house, your lender will order an appraisal to ensure the property is worth the loan.</p> <h2>Close Your New House in California</h2> <p>Closing is the process of finalizing<a href="https://sleeveuphomes.com/interest-rate-increase-affecting-mortgages"> your mortgage</a> and transferring ownership of the house. You’ll be ready for closing once you finish with inspections and appraisals and your lender approves your financing. <strong>The closing process includes signing the required documents and paying the closing expenses</strong>.</p> <p>On the closing date at the title company, you’ll need to read and sign documents like the final loan application, the deed transfer, and disclosures. Before signing, ensure you understand each document. Your agent can help you if you have any questions.</p> <p>Once you complete the paperwork, you’ll need to pay closing expenses. The title company will collect the total amount you owe for different services and pay each party on your behalf. Buyers in California typically pay 3-5% of the purchase price in the closing expenses.</p> <h2>Not What You Expected?</h2> <p>If you find your new home isn't right for you after all and you could use some cash for your next investment, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We'll buy your house in its current condition and pay top dollar for it.</p> <p>We're not wholesalers but local Southern California investors. We do all repair and remodeling projects, and we can make some pretty irresistible offers. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see what we mean.</p>
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          • titleConverting Your Home - 20 Best Home Office Ideas In 2022
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/modern-home-office-ideas" }, "headline": "Converting Your Home - 20 Best Home Office Ideas In 2022", "description": "Feeling uninspired in your current workspace? Here are the 20 best modern home office ideas that will level up your work-from-home game.", "image": "https://sleeveuphomes.com/files/blog/8abd562c-7896-4c7b-ab6c-475544e96ccf_modern-home-office.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-03-28", "dateModified": "2022-03-28" } </script> <p>Do you feel uninspired in your home workspace? Then it’s time for some refurbishing. A charming workspace can level up your work-from-home game, so why not tweak it up? Modern home offices offer fewer distractions, helping you focus and do your best.</p> <p>Whether you have a nook in your living room you can use as a dedicated workspace, or you’re thinking about transforming an unused guest room into a modern home office, spending a little time on the personalization of your space will pay off.</p> <p>Below, we gathered some of the best modern home office ideas you can use to enhance your work zone.</p> <h2>Prioritize Your Desk Chair</h2> <p>Prioritize your desk chair as you’ll spend a lot of time in it. The wrong posture in an uncomfortable chair is one of the worst things for your productivity, as back pain can prevent you from performing well. Although office furniture can be an eyesore, modern designs offer both looks and comfort.</p> <h2>Go for the Room with Natural Light</h2> <p>When choosing a room for your modern workspace, go for the one with the most natural light. Natural light can help you be more productive and prevent afternoon drowsiness. On top of that, it can make a space look larger and more open.</p> <h2>Fit Desk to Your Room</h2> <p>If you have a small apartment, you likely don’t have enough room for an oversized desk. Fret not, as you can pick a smaller desk that offers enough room for what you need and nothing more. Space for a laptop is usually enough unless you’re using your desk for other projects.</p> <h2>Keep it White and Simple</h2> <p>Although some colors can inspire creativity, a simple, white home office space offers fewer distractions and lets you play with colorful accents. Adding plants and understated, modern office images will help add the finishing touch so the space doesn’t appear sterile.</p> <h2>Change Your Light Fixture</h2> <p>The right lighting in your workspace is vital for productivity (and all those Zoom calls). That’s why changing an old-time light fixture is one of the best modern home office ideas you can implement into your space. It’s an easy upgrade that can level up your performance and won’t take more than a few hours.</p> <h2>Add Contemporary Black-and-White Artwork</h2> <p>Add some gorgeous black-and-white art to make your home office feel more contemporary. Ink sketches and photography are wonderful modern home office ideas as they can make any space more sophisticated.</p> <p>A simple gallery wall above your desk will add a bit of visual interest to your office space, and if the room also has another purpose, it can define the space.</p> <h2>Add a Vintage Touch</h2> <p>Modern spaces usually rely on clean lines and elegant shapes, but no one said you can’t mix them up with a couple of vintage pieces. A traditional desk with ornamentation can give more liveliness to a modern space.</p> <p><img alt="Vintage Desk with a Lamp and Chair" class="img-fluid" src="https://sleeveuphomes.com/img/vintage-desk.jpg" /></p> <p>Just ensure you stay at a few pieces. You don’t want your modern home office to turn into a furniture museum. Light walls and streamlined modern office decor will prevent traditional, bulky furniture from feeling too weighty.</p> <h2>Choose a Tiny Desk</h2> <p>Creating an office space in a small home can be challenging but not impossible. Adding a small but quaint secretary desk in the nook can make a big difference without taking up too much space.</p> <p>Focus on dramatic statement pieces to add style to your home office, and see how a workaholic wakes up in you.</p> <h2>Go Dark</h2> <p>Although offices typically have neutral color palette tendencies, going dark and moody may be right for you. If you’re on the dark side and enjoy the depth of colors, opt for hunter green or navy blue. Such colors add a bit of magic to space and can help you focus calmly.</p> <h2>Consider Scandinavian Design</h2> <p>If you’re going for a minimalist and streamlined modern home office, consider adding a Scandinavian-inspired desk. <a href="https://www.scandinaviastandard.com/what-is-scandinavian-design/" rel="nofollow">Scandinavian design</a> is simple and understated and lets you accentuate according to your style.</p> <h2>Add a Statement Piece</h2> <p>Investing in a statement piece, such as a modern aggressive red chair, can be an excellent way to give your home office personality. Pair it with a mirrored item, for example, a desk, to make the area look larger and give your home office exquisite style.</p> <h2>Go Boho</h2> <p>If you’re into boho, why not add it to your modern home office? Think about wood or wicker fused with neutral colors and plants. Plants are unavoidable when it comes to boho. Plus, with all that oxygen they so generously give away, they can help you focus. If you have plenty of light, go wild with green. If you live in the shadows, there’s always spathiphyllum.</p> <h2>Choose Your Wallpaper</h2> <p>Wallpapers may seem passé, but accenting a wall with a bold graphic wallpaper can be one of the best modern home office ideas. It’s an excellent way to create visual interest without using many objects and accessories.</p> <h2>Add Uniqueness</h2> <p>Although the contemporary style is simple without unnecessary accents and decorations, it doesn't have to be dull. Add some unique pieces, such as geometric shelves that can give a surprising charisma to your modern workspace. Since you’ll be spending a lot of time there, why not make a room that makes you smile?</p> <h2>Go Minimal</h2> <p>Contemporary spaces work well with minimalist decor. Go for a few accents or austere wall art to create a soothing, neutral home office space that doesn’t feel flashy or cluttered. A modern home office background will work great with a monochrome color palette, keeping your workspace understated and clean.</p> <h2>Paint Your Ceiling Darker</h2> <p>Paint your ceiling darker than your walls for a modern home office design. That way you can create a cozy feeling in your workspace, especially if you have a larger space that feels too hollow. Again, shades of green and blue will work best as they induce feelings of calm and can help you concentrate.</p> <h2>Choose Floating Shelves</h2> <p>Adding a few floating shelves to your contemporary workspace can add a custom look to your home office. Also, it’s an excellent dock for accessories and books, helping add visual interest to a room without taking up too much space.</p> <h2>Try Black Elegance</h2> <p>A black wall can add supreme elegance to a space and give your modern home office a chic look. Ensure you don’t go overboard, as too much darkness can make a space feel close and congested. Combine it with natural elements, such as wood and greenery, and ensure you have enough light.</p> <h2>Table Instead of Desk</h2> <p>Most of your files are likely stored in the cloud, so you might not even need all those filing drawers and cabinets desks come with. Instead, give a simple table a new purpose and use it as a desk.</p> <h2>Consider Wood Walls</h2> <p>A rustic wood wall is a wonderful way to add warmth and freshen up plain office space and add a rural edge. Modern office design can work great with old-fashioned elements as long as you don’t add many. Wood walls offer a lot of visual interest without distracting you from your tasks.</p> <h2>Not in the Mood for Redesigning?</h2> <p>If the redesign of your home becomes overwhelming and you’re considering selling it, get in touch with <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your home in its current state and pay top dollar. You won’t even have to worry about holding an open house or working with realtors.</p> <p>We’ll buy the house directly from you, so you don’t have to pay the realtor commission and prepare it for sale. We’ll take care of the closing costs too. There’s no need to rush things, though. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see how much you can get. Then, call us back when you make your choice.</p>
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            • titleThe Pros and Cons of Townhouses (and how are they different from condos and apartments?)
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/the-pros-and-cons-of-townhouses" }, "headline": "The Pros and Cons of Townhouses (and how are they different from condos and apartments?)", "description": "What’s a townhouse? What’s a condo? What are the different kinds and the pros and cons of townhouses? Continue reading to have all of these questions answered.", "image": "https://sleeveuphomes.com/files/blog/0b4e22b5-5bb3-4038-a3c3-1d12fb511950_townhomes-townhouse.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-09", "dateModified": "2022-06-09" } </script> <p>Are you a first-time buyer comparing prospective properties? Or maybe you just can’t make heads or tails of the differences between townhouses and condos and apartments? Don’t worry, you’re not the only one and we’ve got you covered.</p> <p>By the end of this article, you’ll understand what differentiates a townhouse from a condo (and a condo from an apartment). You’ll also learn about the different types of townhouses and what the advantages and disadvantages of owning one are. So let’s get started with the basics.</p> <h2>Townhouse Definition</h2> <p><strong>So what is a townhome / townhouse? Townhouses are (generally) multi-story homes that have shared walls with the adjacent properties but have separate entrances</strong>. They are typically found in rows of similar townhouses, giving the row a uniform look.</p> <p><strong>An owner of a townhouse has ownership of both the land and the property that sits on it</strong> (this distinction will become important later). They also have the right to make any changes to the townhouse, provided the changes are in compliance with the applicable laws. Lastly, townhouse owners have the responsibility of maintaining the property.</p> <p>A townhouse can also refer to a house located in a city or town, owned by someone that also owns property in the country. However, this has nothing to do with the type of buildings townhouses are, but is only a descriptive name based on the location and is not what we are discussing in this article.</p> <h2>Types of Townhouses</h2> <p></p> <p><img alt="row townhouse townhome house residential multistore brick home" class="img-fluid" src="https://sleeveuphomes.com/img/row-townhouse-townhome-house-residentalmultistore.jpg" /></p> <p>The traditional, and most common, type of townhouse is the one described above – another term is a rowhome. This is what you probably think of when someone mentions a townhouse. However, there are many subdivisions of townhomes based on the style and type of build.</p> <p>For instance, you may come across terms such as two- or three-story towns (the term is rather self-explanatory, it’s based on the number of stories the townhouse has). Two types of townhouses that are becoming more popular and are different enough from the traditional type that it is worth mentioning are:</p> <h3>Back-To-Back Townhomes</h3> <p>A back-to-back townhouse is very similar to the traditional one, except that besides sharing the sidewall(s), it also shares a rear wall with another townhouse. Back-to-backs are usually more affordable than comparable traditional townhouses, so first-time homebuyers often choose them.</p> <h3>Stacked Townhomes</h3> <p>A stacked townhouse is more like a cross between a condo and a townhouse. As the name implies, it’s two townhouses stacked on top of each other. Like traditional townhomes, both units have separate entrances.</p> <p>But unlike traditional townhomes, both are usually single-story units (which means that each unit has only one story, unlike a traditional townhouse where each unit has multiple stories on separate lots). Additionally, only one of the owners owns the land the building sits on or the owners share ownership.</p> <h3>Townhouse vs. Condo vs. Apartment</h3> <p>It can be difficult to make a distinction between a townhouse and a condo in every case. That’s because there are many similarities and a townhouse can be a condo, if you are only going by building style.</p> <p>When you compare apartment-style condos and traditional townhouses, the difference is easy to see. <strong>A condominium is a large complex made up of individually-owned units, where you own the unit itself but nothing outside of it</strong>.</p> <p>The land, the communal areas, and even the outside of the building is not owned by the individual condo owner. <strong>With a townhouse, you own both the land and the property on it</strong>, as we’ve mentioned earlier.</p> <p>Where it gets a bit tricky is when a condominium is built as multiple separate houses. By appearance, the condos would appear to be townhouses, but the right of ownership to the unit and the property is not the same, nor are the responsibilities.</p> <p>So, to simplify townhouses vs. condos:</p> <ul> <li>When you won a townhouse, you own the unit and the land it sits on; maintaining the property is your responsibility.</li> <li>When you own a condo, you own the airspace within a unit, but everything else is communal ownership; an HOA is responsible for the maintenance of the communal areas.</li> </ul> <p>So, even if something looks 100% like a townhouse, but you own only the space within an individual unit, you technically own a condo. Now that that’s been cleared up, let’s quickly go over condo vs. apartment.</p> <h4>Condo vs. Apartment</h4> <p>Once again, the distinction is in ownership, not appearance or style. Apartments are rental properties that are owned by a corporation instead of a private owner. Typically, a whole apartment complex is owned by the same corporation. So:</p> <ul> <li>Condos are owned by private owners</li> <li>Apartments are owned by corporations</li> <li>Apartments are rental properties</li> </ul> <h2>The Advantages of Owning a Townhome</h2> <p><img alt="house townhouse courtyard backyard townhome home" class="img-fluid" src="https://sleeveuphomes.com/img/house-townhouse-courtyard-backyard-townhome-home.jpg" /></p> <p>By now, you likely have a good idea about what the pros of owning a townhouse are, but let’s spell them out and make a few additional comparisons.</p> <p><em>You Own the Land and the Property</em></p> <p>When you own a townhouse as opposed to a condo, one of the primary advantages is that you own the entirety of the property. That means you can make changes, remodel, add parts, etc. as you see feet. On the condition that your actions comply with all applicable laws, of course.</p> <p><em>Lower Purchase Cost(when compared to detached homes)</em></p> <p>A townhouse in a similar location, with comparable square footage, and of a similar age and build will usually be cheaper than a free-standing home.</p> <p><em>Less Maintenance (than for a single-family home)</em></p> <p>This point is only true when you compare townhouses with free-standing homes, not condos. Townhouses are often located in HOA areas, which means that a lot of the maintenance is done by the HOA.</p> <p><em>More Amenities</em></p> <p>Because many townhouses are built as part of a development, you usually have access to many communal amenities. So you will have access to a pool, gym, laundry room, clubhouse, or whatever other amenities your townhouse development provides.</p> <h2>The Disadvantages of Owning a Townhome</h2> <p>Naturally, there are also cons to owning a townhouse, but it’s important what you compare it to.</p> <p><em>More Maintenance (than for a condo)</em></p> <p>Because you own the entirety of the property, the maintenance is on you. Even if your townhouse is part of an HOA, they’re not going to repair your leaky roof or damaged wall. Thus, it’s up to you to shoulder the costs.</p> <p><em>Closer Neighbours (than in a detached home)</em></p> <p>You’ll be sharing walls with your neighbors, there’s just no other way around it. Of course, depending on your neighbors and your relationship with them, this might not be a con of a townhouse at all. However, if you have difficult neighbors, you’ll be forced to find a way to deal with them.</p> <p><em>HOAs</em></p> <p>Some people simply don’t like living under strict rules that many HOAs enforce. And there’s a plethora of horror stories regarding HOAs. But other people like the structure that an HOA provides.</p> <p>Because most townhouses are parts of an HOA, you need to account for it. Plus, don’t forget that an HOA also charges fees. So whether this is a disadvantage, has no impact, or is actually an advantage depends on your perspective.</p> <h2>Considering Selling Your Home?</h2> <p>Does owning a townhouse seem appealing to you? More than likely, you will need to sell your old home before you can afford a new one. If this is the case, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your house as-is and pay top dollar, and you don’t need to hold any showings.</p> <p>On top of that, because you are selling the house directly to us, you won’t be paying any realtor commissions and we will take care of the closing costs. But there’s no need to rush –<a href="https://sleeveuphomes.com/request-offer?"> request a no-obligation cash offer</a> and see what you can get for your house. If you like the offer, you can close in as little as 7 days.</p>
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            • titleIs a Pre-Foreclosure Sale a Good Option for You?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/is-pre-foreclosure-sale-a-good-option" }, "headline": "Facing Foreclosure: Is a Pre-Foreclosure Sale a Good Option for You?", "description": "Explore the pros and cons of a pre-foreclosure sale to determine if it's the right option for you, make an informed decision, and avoid foreclosure.", "image": "https://sleeveuphomes.com/files/blog/933392c6-afbd-47d0-99a9-973af2f3930d_pre-foreclosure-sale-real-estate.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://www.linkedin.com/in/cesar-gomez-49006a80" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-01-18", "dateModified": "2023-01-18" } </script> <p>Facing foreclosure can be an incredibly daunting experience, but don’t despair – there are still options on the table, including a pre-foreclosure sale. If you’ve heard about this concept without fully understanding the rules and regulations involved in such a sale, don’t worry!</p> <p><strong>In this blog post, we’ll arm you with all the information you need to make an informed decision </strong>on whether or not selling your home during pre-foreclosure could be the right move for you and your family. We'll explore if a pre-foreclosure sale is a good option for your circumstances and discuss how to navigate such an undertaking if decided upon.</p> <p>Let's jump right into it and discover if selling your house in pre-foreclosure might just be the perfect solution to end your troubles.</p> <h2>Learning the Ropes: What Is Pre-Foreclosure and How Does It Work?</h2> <p>First things first – what does pre-foreclosure mean, and how do pre-foreclosures work?  </p> <p><strong>Pre-foreclosure means that a homeowner is falling behind on their mortgage payments and is at risk of losing their home to foreclosure</strong>. During this period, lenders and creditors might start becoming more involved in collection efforts as they attempt to recoup their loan proceeds. It can be stressful and difficult for those going through it, as they may feel like they're losing everything they've worked so hard for.</p> <p>It’s important to understand that pre-foreclosure provides a way for homeowners to avoid the final steps of foreclosure. Can you negotiate a foreclosure? Instead of facing foreclosure, you can act quickly and make arrangements with your lender or creditor to avoid completely losing your home while still paying the debt. </p> <p>With the help of a qualified professional, pre-foreclosure can be successfully navigated and even used as an <em>opportunity </em>to improve one's financial situation.</p> <h3>What's the Difference Between Pre-Foreclosure and Foreclosure?</h3> <p>In the process of dealing with mortgages, two different terms describe different <em>stages</em> in the foreclosure process: pre-foreclosure and foreclosure.</p> <p>·       <strong>Pre-foreclosure</strong> occurs when a homeowner falls behind on payments and is unable to bring their mortgage current. At this point, lenders can work out an agreement with homeowners to try to keep them in their homes. If the borrower does not get caught up on their payments, then foreclosure follows.</p> <p>·       <strong>Foreclosure</strong> is the end of the road – it’s the legal process of evicting a homeowner from their home when they have failed to make mortgage payments or otherwise breach the terms of their loan agreement. Once a foreclosure begins, lenders have full authority to reclaim the house as collateral and pursue damages through court proceedings if necessary. However, some states do allow homeowners certain rights during foreclosure proceedings.</p> <h2>Can You Sell A Home In Pre-Foreclosure?</h2> <p>You don't need to be an accounting savant to understand the grim realities of pre-foreclosure; anyone who's ever paid rent late can sympathize! If you're struggling to make your mortgage payments, the thought of going into foreclosure has probably crossed your mind. While it's a daunting prospect, there may be another option that could help you avoid this scenario altogether many homeowners are not even aware of – making a pre-foreclosure sale.</p> <p><strong>Although not ideal, and with its own set of rules, a pre-foreclosure sale is an opportunity for borrowers facing foreclosure to avoid the devastating credit damage and financial ramifications</strong> by selling their home before they officially fall into delinquency with their lender.</p> <h3>Can You Buy a House In Pre-Foreclosure?</h3> <p>If you’re a prospective buyer, you may be wondering: Can I buy a house that is in pre-foreclosure? Yes, buying a pre-foreclosure house <em>is </em>possible. </p> <p>During pre-foreclosure, the homeowner may be willing to sell the property to avoid foreclosure and pay off the mortgage debt. As a potential buyer, you can approach the homeowner and try to negotiate a purchase price for the property. However, if you’re thinking about buying a pre-foreclosure house, it’s important to keep in mind that the lender will have the first right to foreclose on the property and that the purchase is subject to the lender's approval.</p> <h3>How Do You Buy a House In Pre-Foreclosure?</h3> <p>To buy a house in pre-foreclosure, you can take the following steps:</p> <ul> <li><strong>Research pre-foreclosed properties:</strong> Look for properties that are in pre-foreclosure by searching online, contacting real estate agents, or checking public records.</li> </ul> <ul> <li><strong>Contact the homeowner:</strong> Once you have found a property you are interested in, contact the homeowner directly to see if they are open to selling the property before it goes to foreclosure.</li> </ul> <ul> <li><strong>Make an offer:</strong> If the homeowner is willing to sell, make an offer on the property. Keep in mind that the price may be lower than market value, as the homeowner may be motivated to sell quickly to avoid foreclosure.</li> </ul> <p>It is important to note that buying a pre-foreclosed property can be <em>more complex</em> than buying a typical home, so it is recommended to work with a professional who has experience with these types of transactions.</p> <h3>Can You Buy a Pre-Foreclosure Home with a Loan?</h3> <p><strong>Yes, buying a pre-foreclosure home with a loan is possible. </strong>However, the process for obtaining financing for a pre-foreclosure home may be<em> different</em> from the process for obtaining financing for a traditional home purchase since the lender's approval is required.</p> <p>Additionally, buyers can also obtain a loan from a traditional lender, such as a bank or mortgage company, to purchase a pre-foreclosure home. However, traditional lenders may be more hesitant to provide financing for a pre-foreclosure home because the property is at risk of foreclosure.</p> <p>It’s important to consult with a real estate agent and/or a mortgage lender to understand the process and your options when it comes to buying a pre-foreclosure home with a loan.</p> <h2>Is Selling a House In Pre-Foreclosure a Good Idea? Pros and Cons</h2> <p>If you’re facing foreclosure, you may be feeling overwhelmed and unsure if this is the right way to go. But don't fret! Selling your home before foreclosure can be an effective solution for certain people in <em>certain </em>situations—and it's worth exploring all of your options before making that final decision.</p> <p><strong>With that in mind, we’ll dive into some of the pros and cons of a pre-foreclosure sale, to help you determine whether or not this could be a good option for you</strong>. </p> <p>So read on—because knowledge is power!</p> <h3>Pros</h3> <p>·       <strong>Avoiding Formal Foreclosure Proceedings:</strong> Selling your home in pre-foreclosure is a way to avoid a formal foreclosure proceeding and the resulting damage to your credit score.</p> <p>·       <strong>Forgiven Debt:</strong> If you sell the house for less than what is owed on the mortgage, you may be able to negotiate with the lender to have the difference forgiven. This could save you from having to declare bankruptcy.</p> <h3>Cons</h3> <p>·       <strong>May Not Be Able To Find A Buyer:</strong> If your home is in poor condition or otherwise undesirable, it may be difficult to find a buyer who is willing to pay enough to cover the mortgage.</p> <p>·       <strong>Could Still End Up In Foreclosure:</strong> Even if you are able to sell your home in pre-foreclosure, you may still end up going through foreclosure if you are unable to negotiate with the lender or sell for less than what is owed.</p> <h3>How Long Do You Have to Sell Your Home in Pre-Foreclocure?</h3> <p>You’re probably wondering: How long is the pre-foreclosure process? The time you have to sell your home during pre-foreclosure <em>depends</em> on the laws and regulations of the state where the property is located, as well as the specific terms of your mortgage.</p> <p>Typically, during pre-foreclosure, a lender will send a <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a> to the borrower, giving them a certain period of time to pay off the delinquent amount and bring the mortgage current. If the borrower is unable to do so, the lender may then proceed with the foreclosure process. </p> <p>Some states have a "right to cure" period, which gives the borrower a certain amount of time, usually around 90 days, to pay off the delinquent amount and avoid foreclosure. In other states, the pre-foreclosure process may be shorter or longer, depending on the circumstances.</p> <p>It’s important to consult with a real estate attorney or financial advisor to understand the specific laws and regulations in your state, and to explore all options available to you to avoid foreclosure.</p> <h2>How to Sell Your House During Pre-Foreclosure: Pro Tips for Selling a Pre-Foreclosure Home</h2> <p>When dealing with foreclosure, you have a couple of options for selling your home before the foreclosure process kicks into full gear.</p> <h3>Traditional Sale</h3> <p>Although taking the traditional selling process of listing your home for sale on the market through a realtor will yield more coins in your pocket, it’s often not an option for those in pre-foreclosure.<strong> When faced with a ticking clock on foreclosure, time is probably not on your side, and you need to move fast</strong><strong>, yet, this way, selling your home may take months or even years</strong>.</p> <p>Every state has its unique set of laws on how long a lender has to officially foreclose on the home. Some states give homeowners a year to make amends, while others only give it a month. The more time you have to sell the home, the better. If your foreclosure clock is ticking fast – it’s best to explore other options.</p> <h3>Short Sale</h3> <p>A short sale is one of the best choices for people facing foreclosure. It refers to a sale where the lender agrees to settle a homeowner's debt for less than what they're owed.</p> <p>In a short sale, the buyer pays less than the balance of the mortgage. Your credit will bounce back a lot faster with a short sale than if the property is foreclosed on. <strong>A short sale can be a great solution if you're struggling to make mortgage payments, but getting approval won't be that easy</strong> – it's not as simple as saying, "I can't pay!"</p> <p>Most lenders will accept a short sale if you're in preforeclosure. However, it’s not 100% guaranteed as not all lenders will be so accommodating – they need <em>proof </em>of financial hardship to approve a short sale and will not simply take your word for it. To get approval for a short sale, you have to prove that you can no longer afford the house on your current income and that you don’t have other assets you could liquidate to pay the mortgage.</p> <p>So if you're hoping to get out of this housing bind without breaking the bank (or any other assets), make sure there's <em>enough evidence</em> supporting why you cannot keep up with payments.</p> <h3>Sell Your Home “As-Is” for Cash</h3> <p>When potentially facing foreclosure, time is of the <em>essence</em>. Being proactive action and addressing the situation head-on will increase your chances of being able to successfully sell your house in pre-foreclosure while it is still under your rightful ownership. So, don’t wait – act!</p> <p><strong>If your home is facing foreclosure, selling quickly and for cash might be your best option</strong>, and <a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a> is here to save the day. Let us take the weight off your shoulders – we’ll buy your property <em>as-is </em>for <em>top </em>dollar and can close within as little as 5 days. </p> <p>This means you won’t need to pay expensive agent commissions or deal with any repairs or financial challenges that come with experiencing a home foreclosure. It’s a win-win! So, if you decide a pre-foreclosure sale is the way to go <a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">request a cash offer today</a>!</p>
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            • short_description Explore the pros and cons of a pre-foreclosure sale to determine if it's the right option for you, make an informed decision, and avoid foreclosure.
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            • titleEnhance Property Value with Yard Ideas
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/cheap-front-yard-landscaping-ideas-to-increase-property-value" }, "headline": "Cheap, Simple Front Yard Landscaping Ideas to Increase Your Property Value", "description": "Ready to unlock the potential of your property and boost its value? Learn how to transform your home with our cheap, simple front yard landscaping ideas.", "image": "https://sleeveuphomes.com/files/blog/880412ca-3253-4d17-98c0-d72e57083a14_front-yard-landscaping-ideas.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://www.linkedin.com/in/cesar-gomez-49006a80" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-01-25", "dateModified": "2023-01-25" } </script> <p>Are you looking to boost your property value without breaking the bank? Look no further than your front yard! <strong>A little landscaping TLC can go a long way in increasing curb appeal and making your home stand out from the rest of the block.</strong></p> <p>In this post, we'll share some cheap and simple front yard landscaping ideas that are extremely <em>cost-effective</em> and will have your neighbors and prospective buyers green with envy (pun intended). Unlock the hidden potential of your property and boost its value with fresh and original modern front yard landscaping ideas, tips, and tricks!</p> <p>Ready? Let’s dig in!</p> <h2>How Front Yard Landscaping Can Boost Your Property Value</h2> <p>Does landscaping increase home value? The short answer: Of course!<strong> Front yard landscaping can be a powerful tool for increasing the value of your property.</strong></p> <p>Not only does it improve curb appeal, making your home more attractive to potential buyers, but it also has practical benefits such as reducing energy costs and increasing property functionality. A well-designed front yard can also make your home stand out in the neighborhood, making it <em>more </em>likely to sell quickly and at a higher price.</p> <p>Additionally, a well-maintained front yard can also increase the overall aesthetic appeal of the neighborhood, which can help increase the value of the <em>surrounding </em>properties. Investing in front yard landscaping is a smart move that enhances your home's look and increases its value in the long run. It’s the ultimate win-win!</p> <p>So, if you’re wondering how to up the value of your home without breaking the bank, look no further – you’re at the right place.</p> <h3>How Much Does Landscaping Add to Home Value?</h3> <p>Believe it or not, landscaping can add significant value to a home. <strong>According to the National Association of Realtors, landscaping can increase a home's value by up to 15%</strong>. The landscaping return on investment (ROI) can, of course, vary depending on the type and extent of the landscaping and the local real estate market. Still, the effect of landscaping on property value is significant.</p> <p><strong>On average, landscaping can have an ROI of around 100-200%, depending on the scope of the project and the area you live in</strong>. For example, a $10,000 landscaping project could increase a home's value by $15,000 to $20,000. It's important to consider that the ROI can vary depending on the area, the price point of the house, and the type of landscaping. Nonetheless, it is worth noting that a well-maintained landscape can make a home more attractive to potential buyers and can help it sell faster.</p> <p>So even if the ROI is lower, it can still be a <em>worthwhile </em>investment for homeowners looking to sell their homes in the short term. Fortunately, you don’t need an enormous landscape budget – just follow our simple landscaping tips below to discover how to add value to your house without investing a fortune!</p> <h2>Cheap, Simple Front Yard Landscaping Ideas to Increase Your Property Value</h2> <p><strong>With a little creativity and some elbow grease, you can transform your front yard into a stunning outdoor oasis that will increase your home’s curb appeal and make it the talk of the neighborhood. </strong></p> <p>From low-cost plants and trees and DIY walkways to patios, lighting, and accessories, we'll show you how to create a beautiful front yard without spending a fortune by leveraging clever house landscaping tricks.</p> <p>So, whether you're looking to sell your home or just want to improve its overall look, read on to learn how to<em> increase</em> home value with these easy and inexpensive landscaping ideas.</p> <h3>Low-Cost Plants and Trees</h3> <p><strong>Plants and trees are the backbone of any good landscaping design</strong>, and the great news is that you don't have to spend a fortune to add some greenery to your front yard or front porch. In fact, some of the most stunning plants out there are also some of the most affordable. Take, for example, succulents. Not only are they low maintenance but they also come in a wide variety of shapes and colors, adding interest to any garden bed.</p> <p>Or, consider the Crepe Myrtle - this tree is not only beautiful but also drought-tolerant, making it a great choice for those in warmer climates. Do trees add value to your home? Yup! How much value does a tree add to a property? Well, a study by the USDA Forest Service found that landscaping, including trees, can increase a home's sale price by 6-20%. And that’s not all – trees can also provide shade, which helps reduce cooling costs during the summer months. They can also improve air quality, reduce noise pollution, act as windbreakers and help prevent soil erosion.</p> <p><strong>However, it's worth noting that not all trees are created equal – some species can be more beneficial than others.</strong> A study by the Davey Tree Expert Company found that certain types of trees, such as red oaks, pin oaks, and sugar maples, can increase a home's value by more than 20%. Let that sink in, then get to it!</p> <h3>Mulch and Rock Gardens</h3> <p><strong>Mulch and rock gardens are a great way to add visual interest to your front yard without wearing your wallet thin. </strong>Mulch is an inexpensive and natural way to add color and texture to your garden beds, while rock gardens are a low-maintenance way to create a stunning focal point.</p> <p>When creating a mulch garden, think about the color of your house, and choose a mulch color that complements it. For example, a red brick house would look great with dark mulch, while a white house would pop with light-colored mulch. And when it comes to rock gardens, don't be afraid to get creative with the placement of the rocks. After all, rocks and stones make some great inexpensive desert landscaping ideas!</p> <p>There are numerous front yard ideas with rocks that will add value to your house:</p> <ul> <li><strong>Rock Garden: </strong>Create a rock garden by arranging large and small rocks in a natural-looking formation, and then plant drought-tolerant flowers and succulents in the spaces between the rocks.You can also create a dry creek bed in your front yard by arranging rocks in a natural-looking streambed pattern and then filling it with smaller pebbles and gravel. This will add visual interest and texture to your landscape.</li> <li><strong>Rock Border: </strong>Use rocks to create a border around a flower bed or lawn area. This can help define the space and add a natural, rustic look to the landscape.</li> <li><strong>Rock Walkway: </strong>Create a walkway through your front yard by laying down rocks in a path. This can add a unique and natural touch to your landscape.</li> <li><strong>Rock Water Feature: </strong>Build a small rock pond or waterfall to add a calming and soothing element to your front yard. You can even install a small fountain or a birdbath to create a peaceful sound. How much value does a pond add to property? A well-maintained, professionally designed pond can increase a property's value, especially if it’s part of an overall landscaping design that complements the home and surrounding area. Koi ponds or water gardens are generally more popular. Keep in mind that the cost of installation and maintenance of the pond should be taken into account when thinking about adding one to your property.</li> <li><strong>Rock Mulch:</strong> Use rocks as mulch in your front yard garden beds. This will help to retain moisture, control weeds, and add a natural, rustic look to your landscape.</li> </ul> <h3>DIY Walkways and Patios</h3> <p>A well-designed walkway or patio can enhance the overall look of your front yard and add functionality to your outdoor space. And the best part is that you can create one on a budget!</p> <p>One affordable option is to use pavers or flagstones to create a simple walkway. These materials are readily available at most home improvement stores and can be easily installed with a little bit of patience and elbow grease. Another option is to create a gravel patio. Not only is it inexpensive, but it also adds a natural and rustic feel to your front yard.</p> <h3>Landscape Lighting and Accessories</h3> <p><strong>Lighting and accessories are the cherries on top of your front yard landscaping sundae.</strong> They add a touch of elegance and sophistication that can make all the difference in your home's curb appeal. Lighting can create an attractive and inviting ambiance in outdoor spaces, highlighting the beauty of both the hardscaping and landscaping features.</p> <p>Consider adding <em>solar lights </em>along your walkway or driveway – they provide practical lighting and a touch of ambiance to your front yard. You can also go for <em>low-voltage hardscape lighting</em>. Low-voltage lighting systems are generally less expensive to install and maintain, and more durable, and cost-effective than traditional 120-volt systems.</p> <p>Or why not<em> repurpose</em> some old household items to add a unique touch to your garden? An old metal bucket can be filled with flowers, a vintage window frame can be used to create a trellis, or a ladder can be propped against a wall to create a vertical garden. Think of repurposing items such as old flower pots or bicycles that can be used as planters - they'll look unique while adding character to your yard.</p> <h2>From Brick Houses to Corner Lots: Tailored Landscaping Ideas for Every Property Type</h2> <p>While most of our inexpensive landscaping ideas are universal, each home is<em> unique</em> and requires a different approach. Whether you have a cozy cottage, a grand estate, or anything in between, we have the perfect landscaping ideas to suit your unique house type. </p> <p><strong>Our tailored suggestions will help you transform your outdoor space into a beautiful and functional oasis. </strong>So, let's see how you can breathe new life into your home's exterior to up its value!</p> <h3>Landscaping for Townhouse</h3> <p>Living in a townhouse doesn't mean you have to compromise on your outdoor space. With a little creativity and some cost-effective solutions, you can create a beautiful and functional outdoor area that suits your style. Here are some cheap, simple landscaping ideas for townhouses that will help you make the most of your small outdoor space:</p> <ul> <li><strong>Create a small herb or vegetable garden:</strong> You can use pots or raised beds to create a small but productive garden in your townhouse's outdoor space.</li> <li><strong>Add some greenery: </strong>You can add potted plants or hanging baskets to create a lush and inviting outdoor space.</li> <li><strong>Use outdoor lighting: </strong>Adding outdoor lighting can create a warm and inviting ambiance in your outdoor space.</li> <li><strong>Create a cozy seating area:</strong> You can add a small seating area with a bench or a few chairs to create a cozy and comfortable outdoor space.</li> <li><strong>Use vertical gardening:</strong> Use a wall planter or a living wall to add some greenery and create a vertical garden in your outdoor space.</li> </ul> <p>Keep in mind that these are just a few examples of how you can create a beautiful and functional outdoor space for your townhouse on a budget. Be creative and use your imagination to come up with ideas that work for your specific space and style!</p> <h3>Landscaping for Brick House</h3> <p>A brick house can have a classic and timeless look, but the exterior may need a little boost to make it stand out and raise its value. With a little creativity and some cost-effective solutions, you can create a beautiful and functional outdoor area that complements your brick house to spruce it up:</p> <ul> <li><strong>Add some color: </strong>You can add some color to your brick house by planting flowers and shrubs in front of it. Planting some vibrant perennials or wildflowers adds a splash of color that won't cost too much and will come back every season. Grasses are also an excellent low-maintenance choice that can provide an abundance of texture for little money – green lawns go a long way!</li> <li><strong>Use natural stone: </strong>You can use natural stone like granite or flagstone to create a pathway or a patio; it will blend well with your brick house and will be a cost-effective solution. They pair perfectly with any older-style house and provide a professional touch with minimal effort.</li> <li><strong>Add a paver patio:</strong> You can add a small paver patio to create an outdoor living area in your backyard.</li> <li><strong>Brick driveway entrance ideas:</strong> A brick border around the edges of your driveway can add a finished and polished look to the entrance of your home. You can use brick pavers to create a unique and interesting pattern on your driveway or create a garden bed with flowers and other plants at your driveway's entrance to add color and visual interest to the space.</li> <li><strong>Make a container garden:</strong> If you have more room in the budget, you can place terracotta pots on the focal points of your outdoor space, such as on porches or around seating and barbecue areas.</li> <li><strong>Get creative:</strong> Why not create a fun mural? With some simple tools and supplies, you can quickly design an interesting work of art that will be sure to turn heads.</li> </ul> <h3>Corner Lot Landscaping Ideas</h3> <p>Whether you’re aiming to create a private hideaway or an inviting front yard, there are many inexpensive ways to make corner lot landscapes magical! Here are some corner house landscaping ideas:</p> <ul> <li><strong>Create a circular driveway:</strong> A circular driveway can add a unique and elegant touch to your corner lot, and it can also provide additional parking space.</li> <li><strong>Plant a privacy hedge:</strong> You can use hedges or trees to create a privacy barrier around your corner lot and give it a more secluded feel.</li> <li><strong>Add a pergola or arbor:</strong> Incorporating a pergola or arbor in the corner of your lot can provide a shaded spot for sitting and relaxing.</li> <li><strong>Add a fire pit: </strong>adding a fire pit can be a great addition to your corner lot, it will be a great spot for gathering and enjoying the outdoors.</li> <li><strong>DIY: </strong>DIY projects are always fun and economical options! You might be surprised how much charm you can add to your corner lot with limited resources and imagination.</li> </ul> <h2>Unleash the Power of Curb Appeal: Transform Your Front Yard on a Budget</h2> <p>So there you have it, some cheap and simple front yard landscaping ideas that will have your property value soaring. Remember, the key is to create a<em> cohesive</em> and inviting landscape that complements your home – use these ideas to come up with the best solution that suits your needs and style.</p> <p><strong>After all, a little creativity and elbow grease can go a long way in making your home stand out on the block and maximize your outdoor space on a dime.</strong> So don't wait any longer; grab a shovel and get to work!</p> <p>In case you’re short on time or energy, you can always contact <a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a> – we’ll buy your home as-is for top dollar. We buy in any condition, so you don’t need to repair your home or transform your landscape before you sell it for big bucks. <a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">Request a cash offer</a> today!</p>
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            • titleMaximize Profit with Distressed Property Sales
            • body<p>Are you facing financial difficulties and looking to sell your distressed property quickly? Well, we know that distressed house sales can be tough, especially if it’s your first time doing it. So, we’re here to give you some advice. </p> <p>In this post, we want to highlight some of the necessary steps you should take in order to prepare the property for sale and maximize your profit. We’ll also cover various alternative sales options to help you decide how to make this sale as easy and smooth as possible. Shall we begin? </p> <h2>What Is a Distressed Property?</h2> <p>First things first, do you know what distressed property is? Let’s quickly explain this term to make sure you’re dealing with this type of sale.</p> <p>To put it in layman’s terms, distressed properties are those lacking financial and/or physical maintenance by the owner. There are different types of distressed properties:</p> <ul> <li><strong>Properties in pre-foreclosure </strong>– the property owner has missed monthly mortgage payments and is therefore facing foreclosure.</li> <li><strong>Foreclosed properties </strong>– the borrower can no longer fulfill their mortgage obligations. As a result, the lender seizes their property and puts it up for auction.</li> <li><strong>Neglected properties </strong>– the property is in poor condition because of neglect and needs renovations and/or repairs.</li> <li><strong>Abandoned properties </strong>–these properties are usually no longer in the original owner’s possession. On top of that, they are most likely run-down and in need of serious repair.</li> </ul> <h2>Factors Affecting the Value of Distressed Properties</h2> <p>Whenever you’re selling a property, you have to be mindful of all the things that can affect the price. There are multiple factors to consider and be aware of before setting a price. Here are the most important ones.</p> <ol> <li><strong>Location:</strong> You know the drill – location, location, location. In all real estate transactions, the location plays a major role in the property’s value. Properties in desirable areas with strong real estate markets will generally have higher values and vice versa.</li> <li><strong>Condition of the property:</strong> Properties that require extensive repairs or renovations will likely sell for less than those in good condition, as the buyer will have to invest extra money to get the property in good shape.</li> <li><strong>Market conditions:</strong> During a buyer's market, for example, there may be more competition for properties, leading to lower prices. Conversely, prices may be higher in a seller's market due to a lack of available properties.</li> <li><strong>Age of the property: </strong>Older properties may require more maintenance and repairs, which can negatively impact their value.</li> <li><strong>Competition:</strong> If there are many similar properties on the market, it can be harder to sell the property, and the price will likely be lower.</li> <li><strong>The cost of repairs and renovations:</strong> It’s simple – the more needed repairs, the less attractive the property is, thus driving down the price.</li> </ol> <h2>Preparing to Sell a Distressed Property</h2> <p>Before putting your house on the market, there are certain steps to take in order to improve your chances of attracting buyers and getting a good price. So, before going any further, you need to <a href="https://sleeveuphomes.com/how-to-prepare-your-home-for-sale" rel="noopener" target="_blank">prepare your home for sale</a>. Let’s see how you can do that. </p> <h3>Assess the Condition of the Property</h3> <p>First of all, it's important to assess the property’s condition. This means <em>evaluating the property's structural integrity, identifying any necessary repairs, and determining their cost.</em> Having this information will help you set a realistic price and make informed decisions about whether to make repairs or sell the property as-is.</p> <h3>Cleaning and Repairs</h3> <p>A clean and decluttered property is always more appealing to buyers and can even increase the property's value. This may involve <em>hiring a cleaning service, removing personal items or clutter, and making cosmetic improvements such as fresh paint and landscaping</em>. </p> <p>And if, after the value assessment, you’ve decided to make some repairs or improvements, now is the time to do it. It’s the little things that can make a big difference when it comes to distressed house sales. </p> <h3>Is the Price Right?</h3> <p>One of the most common <a href="https://sleeveuphomes.com/mistakes-to-avoid-when-selling-your-home" rel="noopener" target="_blank">mistakes when selling a home</a> is either overestimating or underestimating the property. Setting the price properly is of crucial importance during a home sale. You should <em>consider all the factors we mentioned above and come to an informed decision</em>. Instead of eye-balling it, you can also do market research and see how much people are willing to pay for a distressed house. Having all this information will help you choose the right price and improve your chances of getting a good deal for your home.</p> <h2>How to Get More Money from Distressed Sales</h2> <h3>Market the Property Effectively</h3> <p>A good <strong>marketing strategy </strong>is always the key to a successful sale, and the same is true when it comes to selling distressed property. By marketing the property effectively, you can attract potential buyers and increase the property's visibility. </p> <p>These are some of the strategies that have proven successful in the past: </p> <ul> <li>Hiring a real estate agent</li> <li>Advertising the property on multiple online channels</li> <li>Hosting open houses</li> <li>Creating a virtual 360-degree tour of the property</li> <li>Highlighting all the unique features in the description</li> <li>Providing customers with detailed information about the house</li> </ul> <h3>Prepare for Negotiations</h3> <p>As a seller, you should be prepared for negotiations, as you may need to negotiate with potential buyers on the price, closing date, and any necessary repairs. You might need to come to terms with the fact that the buyers might offer you a lower price than the one you’d like. In that case, you need to come to a mutually satisfactory agreement. </p> <p>For starters, you need to understand the property's value clearly. It can also be helpful to work with a real estate agent or attorney who can provide guidance and support throughout the negotiation process.</p> <h3>Consider Alternative Sales Options</h3> <p>Instead of going the traditional route, there are other options available that might be better suited for your situation. Here are just a few examples of what you could do with your distressed property.</p> <ol> <li><strong>Wholesale: </strong>This means selling to a wholesaler, who then sells the property to an end buyer. The wholesaler acts as an intermediary between the seller and the end buyer and makes a profit by purchasing the property at a discount and selling it for a higher price. This can help you sell the house quicker, but usually at a lower price.</li> <li><strong>Selling to an investor: </strong>In this scenario, you sell directly to an investor or house flippers, who then either hold onto the property as a rental or flip it for a profit. Again, this is a quick solution, but you’ll get a lower price.</li> <li><strong>Short sale:</strong> In a short sale, the lender allows the borrower to sell the property for a smaller amount than the outstanding mortgage balance. This happens in cases when you’re no longer able to pay your mortgage payments, but the value of your property has declined. Eventually, you pay off the mortgage with the funds from the sale, but the lender comes up short because of the difference between the outstanding mortgage balance and the sale price.</li> <li><strong>Selling to SleeveUp Homes: </strong>If you want to sell your home quickly but still get a <a href="https://sleeveuphomes.com/how-to-know-if-you-are-getting-a-fair-offer-for-your-house">fair offer</a>, then there’s one solution that won’t fail you – selling to SleeveUp Homes. We buy homes in all conditions and offer more money than other buyers. <a href="https://sleeveuphomes.com/how-it-works" rel="noopener" target="_blank">How does SleeveUp Homes work</a>? It’s simple – you just request our cash offer, schedule a visit to the property, and then choose your ideal closing date. It’s the quickest, easiest, and most cost-effective solution for distressed property sales.</li> </ol> <h2>Get $10,000 More for Distressed Property – Get in Touch</h2> <p>Whether you’re selling a property that needs repairs, is underwater, or in foreclosure, <a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a> is at your service. <strong>We buy homes no matter the condition and guarantee $10,000 more than other buyers! </strong>When you work with us, there are no middlemen, commissions, or closing costs, and no repairs are needed. Also, you choose the closing date, so you could close in a week!</p> <p>So, why wait? <a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">Request your cash offer</a> today – selling distressed property has never been so easy.</p> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/distressed-house-sales" }, "headline": "How To Make the Most Money from Distressed House Sales: Selling Distressed Property", "description": "Maximize your profit from distressed property sales! Learn about the value factors, preparation tips, and alternative sales options for distressed sales.", "image": "https://sleeveuphomes.com/files/blog/d3d2f7fc-3ba3-4796-8062-d744fcac4ed1_couple-with-a-property-for-sale-.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://www.linkedin.com/in/cesar-gomez-49006a80" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-02-09" } </script>
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            • short_descriptionMaximize your profit from distressed property sales! Learn about the value factors, preparation tips, and alternative sales options for distressed sales.
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            • titleAll-in-One Guide to Selling a House in a Trust
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/selling-property-in-a-trust-a-comprehensive-guide-for-trust-settlors-and-beneficiaries" }, "headline": "Selling a House in a Trust: A Comprehensive Guide for Trust Settlors and Beneficiaries", "description": "Wondering how selling a house in a trust works? Read on to learn about the different types of trusts and how to sell your home in each instance.", "image": "https://sleeveuphomes.com/files/blog/e819f210-9655-4a5a-91cc-23ab0b85e705_selling-a-property.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-09-05", "dateModified": "2024-04-12" } </script> <p>Many people put their house in a trust to avoid the probate process after their passing or for tax reasons and often use a trust as an estate planning tool. However, due to changing circumstances, they may want to sell a home that is in a trust. The first question is whether selling a house in a trust is even possible.</p> <p>The simple answer is – yes. However, there are different types of trusts, so the answer is actually a bit more complex. In this article, we’ll explain how trusts work, different types of trusts, and <strong>how you can sell a home that is in a trust </strong>when you are the trust settlor or the beneficiary.</p> <p>If you are familiar with trusts and how they function, feel free to skip to the ‘<em>How To Sell a House in a Trus</em>t’ section.</p> <h2>What Is a Trust?</h2> <p>A trust or a trust fund is a <strong>legal arrangement</strong> created during a person’s lifetime (different terms can be used for the creator of the trust: trust settlor, grantor, owner) for managing their assets for the benefit of another person – the beneficiary. A trust is a separate legal entity from the person who owns it.</p> <p>A trust agreement can include assets such as vehicles, bank accounts, stocks, valuable personal items, etc., and, of course, real estate property. A trust is usually managed by a third person called a trustee, but the grantor can also designate themselves as the trustee.</p> <p>The trustee needs to manage the trust in the best interest of the beneficiaries and in accordance with the guidelines that the grantor set when the trust was created. A trust is meant to enable an easy transfer of the assets to the beneficiary after the creator’s passing, bypassing the probate process.</p> <h3>Can a Trustee Be a Beneficiary?</h3> <p>Yes, it's possible for a trustee to also be a beneficiary of the same trust. For example, a parent may create a trust for their children (beneficiaries) and appoint themselves as the trustee. Similarly, an individual may establish a revocable living trust, serving as both trustee and beneficiary during their lifetime.While this arrangement is permissible, it’s essential to maintain transparency and avoid conflicts of interest. Legal and ethical guidelines must be followed to ensure fair treatment of all beneficiaries.</p> <h3>Why Do People Put Their Home in a Trust?</h3> <p>As was previously stated, a trust cannot be contested and bypasses the probate process, so people choose it as the means to divide their assets after they are deceased. The other reasons are related to the irrevocable trust – namely, avoiding federal estate taxes and protection from creditors.</p> <p><img alt="A man and a woman are talking to a real estate agent in front of a house and a for sale sign" class="img-fluid" src="https://sleeveuphomes.com/img/selling-a-property-sleeveup.jpg" /></p> <h2>Revocable (Living) Trust vs. Irrevocable Trust</h2> <p>There are two main types of trusts, and the type of trust will determine how <a href="https://sleeveuphomes.com/how-to-negotiate-selling-house" target="_blank">selling a house</a> in a trust is done:</p> <p><strong><em>A revocable trust</em></strong><em> </em>(also called a living trust) is a trust wherein the terms of the trust can be changed and modified by the grantor after its creation. This can include adding or removing beneficiaries or changing how the assets held in the trust should be managed.</p> <p><strong><em>An irrevocable trust </em></strong>is a type of trust that cannot be modified after it was created unless the beneficiaries consent to the modifications. Once the grantor has created the trust and signed all trust documentation, all control is effectively given over to the trustee, and they no longer own the assets.</p> <p>Because a grantor relinquishes control over the trust if they create an irrevocable trust, it may seem like a revocable trust is the better option. However, an irrevocable trust has two advantages:</p> <p>1. the trust assets are not subject to estate tax after the grantor’s death;</p> <p>2. the assets in the irrevocable trust are protected from creditors.</p> <p>Conversely, a house in a revocable trust <em>is </em>subject to estate tax after the grantor’s passing, and creditors <em>can </em>sue the grantor and force the liquidation of assets to pay off certain debts. So, a revocable trust gives more control but provides less protection, while an irrevocable trust trades control for protection.</p> <h3>What's the Difference Between a Trust and a Will?</h3> <p>Trusts and wills serve similar purposes, so it’s no surprise that people confuse them. However, there are some differences. For one, a will requires a death certificate and is active only <em>after </em>the creator passes, while a trust is active the day it is created.</p> <p>Then, a will is more expansive – it can designate the guardians of minor children, how the funeral is to be conducted, etc., along with the distribution of assets after the creator’s passing, while a trust mostly deals with the creator’s estate.</p> <p>But the main difference is that a will must go through the probate process, which can be both very lengthy and costly if someone contests the will. <strong>A trust cannot be contested, and there is no probate process</strong> after the grantor is deceased – this is the main reason most people put their house in a trust.</p> <h3>What About a Testamentary Trust?</h3> <p>A testamentary trust is a type of trust established according to the instructions outlined in a person’s last will and testament. It's created after a person’s death, specifically in accordance with their will. It is sometimes referred to as a “will trust” or a “trust under will.” Unlike other trusts, a testamentary trust doesn’t come into existence until the individual has passed away.</p> <p>The purpose of a testamentary trust is to manage the assets of the deceased on behalf of the beneficiaries. It ensures that the deceased’s wishes regarding asset distribution are carried out.The trust can be used to reduce estate tax liabilities and ensure experienced professionals manage the assets.</p> <h2>How To Sell a House in a Trust</h2> <p>Now, let's deal with what you came for – selling a house in a trust. Many property owners who have homes held in trust often seek advice from <a href="https://sleeveuphomes.com/different-types-of-real-estate-agents" target="_blank">real estate agents</a> on selling such properties and understanding the advantages of doing so. There are three options for selling trust properties: selling property in a living trust, selling property in an irrevocable trust as the grantor, and selling a home as the trust beneficiary.</p> <p>Let's break down the sale process for each one.</p> <h3>Selling a House in a Revocable Trust as the Grantor/Trust Settlor</h3> <p>If you are the owner of a home in a revocable trust, selling it (as far as the legal aspects regarding trust law are concerned) is no issue. You can modify or dissolve the trust as you wish. You have two options:</p> <ol> <li>If you are both the grantor and the trustee, you can sell as the trustee and keep the gains from the sale in the trust.</li> <li>You can transfer the title of the home to your name and sell it personally, outside the trust.</li> </ol> <p>However, in both cases, you are liable to pay the capital gains tax as with any other sale. But, you can also file for capital gain exemptions, depending on your circumstances. If you are interested in how capital gains tax works and how to minimize the capital gains taxes, you can read the article<a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax" target="_blank"> here</a>.</p> <h3>Selling a House in an Irrevocable Trust as the Grantor/Trust Settlor</h3> <p>When it comes to selling a house in a trust that is irrevocable after the death of the original owner, the situation is slightly more complex. An irrevocable trust cannot be altered or dissolved solely by the grantor. Consequently, you will need consent from the benefactors of the trust.</p> <p>You can either dissolve the trust and take back the title of the home, and then sell regularly or sell the home through the trustee. Once again, both of these actions would require the benefactors to consent. If there are specific stipulations within the trust that the home cannot be sold for any reason, you may not be able to sell <em>at all, </em>even if you have an attorney or agent with experience in dealing with trust by your side.</p> <h3>Selling an Inherited House: Post-Death Real Estate Sale</h3> <p>What about selling a house in a trust after death? Any trust becomes irrevocable after the original grantor’s passing. Then, it is up to the trustee to divide the assets in accordance with the conditions of the trust, including access to inheritance. If you are the sole benefactor and inherit the title of a home that was in a testamentary trust, it is your property, and you can sell it as you please.</p> <p>However, in certain instances, it can make sense for the trustee to sell the home. For example, if there are multiple benefactors, the trustee can sell the home, and the gains become part of the trust, which will then be distributed to the benefactors as stipulated in the trust.</p> <p>When putting inherited house for sale, it's crucial to start with a solid foundation. Use the expertise of a licensed appraiser to evaluate the property and determine its fair market price. Armed with this information, you can set a fair asking price that attracts potential buyers and increases the likelihood of a quick sale.</p> <p>To sell a property owned by a trust, the proper legal documentation, including the trust documents, such as the trust agreement and property deed, must be in place. To navigate this process easily, you can hire an agent with experience in selling trust-owned properties. Once an offer is made and accepted, the buyer will pay the agreed-upon sales price.</p> <h2>What Are the Tax Implications of Selling a House in a Trust?</h2> <p>When selling a house in a trust, the tax implications depend on various factors, including the type of trust. </p> <p>In a revocable trust, changes can be made until the grantor’s death. If you’re selling a house from a revocable trust, you have more flexibility. An irrevocable trust doesn’t allow changes after it’s set up. If the house is in an irrevocable trust, the sale proceeds must stay within the trust.</p> <ul> <li><strong>Capital Gain Taxes:</strong> When selling a house in a trust, the grantor (seller) is taxed on the capital gains (profits) made from the sale. If the trust was revocable, the grantor never relinquished the asset, so they owe the tax liability. However, selling a house in a trust before death, there can be tax advantages thanks to a capital gains exclusion.</li> <li><strong>Estate Taxes: </strong>Estate taxes are levied on the assets of a deceased individual. If the heirs decide to sell the family home, the resulting profits become part of the estate. The estate is also responsible for paying any applicable taxes.</li> <li><strong>Inheritance</strong> Taxes: Some states impose an <a href="https://sleeveuphomes.com/guide-to-inheritance-tax" target="_blank">inheritance tax</a>. Instead of or in addition to the estate paying taxes, the individual or group inheriting the property directly pays a tax based on its value.</li> <li><strong>Stepped-Up Basis: </strong>Stepped-up basis is a tax advantage that can apply after inheriting property.When you sell the property after receiving a step-up in basis, its value is determined by its worth at the time of inheritance rather than the original purchase price. This adjustment can potentially reduce your overall tax liability.</li> <li><strong>Primary Residence Exclusion:</strong> If the grantor lived in the house for at least two out of the last five years, they could exclude up to $250,000 of profit (or up to $500,000 if married) from federal income taxes when selling their primary residence. Losses on the sale generally don’t impact federal income taxes.</li> </ul> <p>Remember, selling a house in a trust can be a complicated process involving many legal intricacies, so consulting a tax advisor or real estate attorney can help ease the selling process. Experienced attorneys will ensure compliance with legal documents and tax laws for your peace of mind.</p> <h2>Selling a House in a Trust? We'll Buy It As-Is</h2> <p>Even after the legal aspects are sorted out, selling a house in a trust, regardless if you are the grantor or benefactor, is a time-consuming process. You need to prepare the home for sale, make repairs, hold showings and open houses, look for the right buyer, etc. But, if you want to sell quickly and get top dollar, you can contact<a href="https://sleeveuphomes.com/" target="_blank"> SleeveUp Homes</a> - your all-cash buyer.</p> <p>We will buy your home as-is, so you don’t need to make any repairs or preparations. And, since we're not wholesalers or realtors, you won’t pay <em>any</em> commission and we can offer you the best price possible. If you want to close in as little as 7 days, contacts us to<a href="https://sleeveuphomes.com/request-offer" target="_blank"> request a cash offer</a>.</p>
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            • short_descriptionWondering how selling a house in a trust works? Read on to learn about the different types of trusts and how to sell your home in each instance.
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            • titleCan You Sell a House with a Mortgage On It?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/can-you-sell-a-house-with-a-mortgage-on-it" }, "headline": "Can You Sell a House with a Mortgage On It?", "description": "Can you sell a house with a mortgage on it? Yes! Learn all you need to know about the process and how to make the most of it in our all-in-one guide.", "image": "https://sleeveuphomes.com/files/blog/52881a1b-2a93-4ea4-9d7c-2d8879670663_close-up-of-new-home-keys-and-yo.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2023-10-04" } </script> <p>When it comes to real estate transactions, one common question that often perplexes homeowners is, "Can you sell a house with a mortgage on it?" The answer is a resounding yes! In fact, selling a property with an existing mortgage is a fairly common practice in the real estate market. However, it's essential to understand the nuances and implications of doing so to make an <em>informed</em> decision.</p> <p>Whether you're a homeowner looking to sell your property, a potential buyer considering a home with an existing mortgage, or a real estate enthusiast seeking insights into this process, you're on the right page.</p> <p>This blog post is your <strong>all-in-one guide to navigating the sale of a mortgaged property</strong>.</p> <h2>Selling a Home with a Mortgage: Understanding the Basics</h2> <p>Before delving into the finer details, let's start with the basics. Selling a house with a mortgage means that you'll be <strong>transferring ownership of the property to a new buyer while there's still an outstanding mortgage balance</strong>.</p> <p>In essence, you'll be selling the home, but the mortgage loan and the related monthly payments remain in your name until paid off.</p> <h3>Different Types of Property Mortgages & Selling Implications</h3> <p>What about all the types of mortgage loans? For example, can you sell a house with a <em>reverse mortgage</em>? You can, but it comes with the catch of settling the complete loan amount, encompassing both interest and additional fees.</p> <p>Here are some other common types of mortgages you might have on your home and their implications for selling:</p> <ul> <li><strong>Fixed-Rate Mortgage: </strong>Typically straightforward to sell as the interest rate remains constant, making it easier to predict and plan for future payments.</li> <li><strong>Adjustable-Rate Mortgage (ARM): </strong>Selling may be more complex if the interest rate has adjusted significantly.</li> <li><strong>FHA Loan (Federal Housing Administration): </strong> Government-backed loans with more lenient requirements. However, you can have only one FHA loan at a time, so if you intend to sell one property and acquire another, you must pay off the existing FHA loan before obtaining a new one for your new home.</li> <li><strong>VA Loan (Department of Veterans Affairs): </strong>VA mortgages grant you the flexibility to sell your home whenever you wish to.</li> <li><strong>Interest-Only Mortgage: </strong>Buyers may be attracted to lower initial payments but should be aware of potential payment increases in the future as you'll be required to settle the entire remaining loan balance upon the sale.</li> <li><strong>Second Mortgage (Home Equity Loan or Home Equity Lines of Credit (HELOC): </strong>Selling may require paying off the second mortgage before transferring ownership to the buyer.</li> <li><strong>Assumable Mortgage: </strong>Allows a buyer to take over the seller's existing mortgage, potentially making the property more attractive. However, not all mortgages are assumable, and the buyer must meet the lender's criteria.</li> </ul> <h2>Selling a House with a Mortgage 101: The Mortgage Balance</h2> <p>One of the first things you need to consider when selling a house with a mortgage is the outstanding mortgage balance – this is <strong>the amount you owe to your mortgage lender</strong>. It's crucial to determine this entire loan balance accurately because it <em>directly </em>impacts the financial aspects of your sale. </p> <p>Here's a real-life example of this from a financial perspective: Let’s say you have a mortgage balance of $150,000, and you're planning to sell your home. You'll need to ensure that you receive <em>at least</em> $150,000 from the sale for loan payoff.</p> <p>Don't forget to give your mortgage loan documents a thorough check, specifically keeping an eye out for those sneaky "due-on-sale clauses." These protect the lenders, requiring that homeowners settle their entire mortgage payoff in full after they sell their house or hand over the deed to another soul.</p> <h2>Equity: Your Key to Selling</h2> <p>Equity plays a pivotal role in selling a house with a mortgage. Equity is <strong>the</strong> <strong>difference between your home's current market value and the outstanding mortgage balance</strong>. If your home has appreciated in value since you purchased it or if you've made significant monthly payments over the years, you likely have built up equity.</p> <p>Let's say your home's current market value is $250,000, and your mortgage balance is $150,000. In this scenario, your equity would be $100,000 ($250,000 - $150,000). This equity is what you can potentially pocket from the sale. A general rule of thumb is to consider selling your home when you've built up around 20% equity in it.</p> <p>Keep in mind that the balance you see on your monthly loan statement isn't the same as the <em>payoff sum</em>, which is the total amount of money needed to clear the loan completely and bring it to a close. Requesting a payoff quote from your primary mortgage lender can provide you with a clear and precise picture of your outstanding mortgage balance, helping you gain precise insights into your financial obligations.</p> <p>You'll be in a much stronger selling position when you've got a firm handle on your loan balance, monthly mortgage payments, and any potential charges tied to squaring off your loan ahead of schedule.</p> <p><img alt="Selling house with a mortgage on it " class="img-fluid" src="https://sleeveuphomes.com/img/the-house-selling-broker-holds-t.jpg" style="width: 1000px; height: 500px;" /></p> <h3>Different Types of Equity</h3> <p>Understanding the various forms of equity tied to your home can help you assess your financial capacity to <strong>make a new purchase prior to selling your current property</strong>. </p> <p>Market equity represents the home value/outstanding mortgage difference described above. On the other hand, investment equity encompasses the value increase generated by improvements or<a href="https://sleeveuphomes.com/does-hardwood-flooring-increase-home-value" rel="noopener" target="_blank"> renovations</a><span style="text-decoration: underline;"> </span>made to your property. </p> <p>Evaluating these equity types will provide valuable insights into your readiness to venture into a new real estate transaction before completing the sale of your existing home.</p> <h3>What Happens If You Have Negative Equity?</h3> <p>While positive equity is a seller's best friend, negative equity is a potential obstacle. Though it's not a frequent occurrence, there are cases where the remaining mortgage balance surpasses the actual value of the property. Negative equity <strong>occurs</strong> <strong>when your outstanding mortgage balance is higher than the current market value of your home</strong>, falling short of covering your outstanding loan balance and selling expenses. </p> <p>For example, if your home's market value is $150,000, but your mortgage balance is $175,000, you have negative equity of $25,000, which you would need to cover to sell the property. In such cases, you might have to bring cash to the closing table to bridge the gap between the selling price and your mortgage balance.</p> <p>Selling a home with negative equity should definitely<em> not</em> be your first option. In these circumstances, delaying the sale for a longer period of time could be a smart move. After all, due to high closing costs and agent fees, the expenses linked to selling your house can add up significantly, so this is it's typically an eleventh hour solution for those facing financial hardship.</p> <h2>Selling a House with a Mortgage: The Step-by-Step Selling Process</h2> <p>Now that you have a grasp of the essential concepts, let's outline the general steps involved in selling a house with a mortgage on it:</p> <h3>1. Consult with a Real Estate Agent</h3> <p>An experienced<a href="https://sleeveuphomes.com/different-types-of-real-estate-agents" rel="noopener" target="_blank"> real estate agent</a> can be your guiding light through the entire process. They can help you determine a fair listing price, market your home effectively, and navigate negotiations with potential buyers.</p> <p>However, note that it's also possible to execute a home sale independently, by yourself, bypassing the involvement of a listing agent - a scenario commonly referred to as a "for sale by owner" or FSBO transaction. This way, you can avoid paying real estate agent commissions.</p> <p>If you do decide you need a hand from a professional, look for top-rated real estate agents for guidance and help.</p> <h3>2. Calculate Your Sale Price</h3> <p>Work with your real estate agent to determine a competitive sale price for your home. This price should ideally cover your current mortgage (outstanding mortgage balance) and any transaction costs and selling expenses involved, such as real estate taxes and closing costs.</p> <h3>3. Prepare for Potential Buyers</h3> <p>Your real estate agent will help you stage and<a href="https://sleeveuphomes.com/how-to-prepare-your-home-for-sale" rel="noopener" target="_blank"> prepare your home for sale</a> and market it to potential buyers. Be prepared to showcase your property in its best light.</p> <h3>4. Deal with Mortgage Prepayment Penalties</h3> <p>Check your mortgage agreement for any <strong>prepayment penalties</strong>. These are fees imposed by your mortgage lender for paying off the loan before a specified period. </p> <p>While not all mortgages have these penalties, it's essential to be aware of them and check the list of fees for yours because this cost should be factored into your sale proceeds calculation.</p> <h3>5. Provide a Mortgage Payoff Statement</h3> <p>Contact your mortgage company to obtain a mortgage payoff statement. This document is the payoff quote we mentioned earlier and outlines the <em>exact</em> amount required to pay off your mortgage loan. </p> <p>It includes the outstanding balance, interest, and any additional fees or property taxes.</p> <h3>6. Navigate the Closing Process</h3> <p>Once you've accepted an offer from a buyer, the closing process begins.</p> <p>This involves working with a <strong>title company</strong> to transfer ownership, settle any remaining outstanding mortgage debt and mortgage payments, and handle other necessary paperwork.</p> <h3>7. Use Sale Proceeds to Pay Off Mortgage</h3> <p>At the closing table, the sale proceeds will be used to pay off your mortgage loan. Any remaining funds are yours to keep as<a href="https://sleeveuphomes.com/real-estate-vocabulary" rel="noopener" target="_blank"> profit</a>.</p> <p>For example, if your sale price is $200,000, and your mortgage payoff statement indicates an outstanding balance of $150,000, you would receive $50,000 as the profit from the sale.</p> <h2>Additional Considerations</h2> <p>Here are some other factors to keep in mind when selling a house with a mortgage:</p> <ul> <li><strong>Impact on Credit Score</strong></li> </ul> <p>Selling a house with a mortgage can affect your <em>credit score</em>. While paying off your mortgage can have a positive impact, any late payments or delinquencies during the sale process can hurt your credit.</p> <ul> <li><strong>Buyer Qualifications</strong></li> </ul> <p>If you're selling to buyers who plan to assume your existing mortgage, they must meet the lender's qualifications and approval process. <strong>Not all mortgages are assumable</strong>, and eligibility criteria can <em>vary</em>.</p> <h2>Considering Buying a Home with an Existing Mortgage?</h2> <p>If you're in the market for a new home and you've come across properties with existing mortgages, there are some advantages to it. Buying a house with a mortgage can offer unique opportunities, potentially allowing you to secure a property with a competitive interest rate and a well-established payment history.</p> <p>However, as with any home-buying process, do your due diligence – thoroughly inspect the property's condition, potential maintenance issues, etc. Getting an independent property appraisal to ensure you're paying a fair price for the property and that it aligns with your financial goals is always a wise move.</p> <h2>Sell Your House with a Mortgage As-Is Today</h2> <p>Selling a house with a mortgage can be a viable option for many homeowners. <strong>Understanding your outstanding mortgage balance, equity, and the selling process is crucial</strong> to making informed decisions. Whether you're aiming to maximize your sale profit or considering purchasing a property with an existing mortgage, this way, you can navigate the real estate market with confidence.</p> <p>The real estate industry is dynamic, but armed with the right information, you can make the most of your opportunities in this ever-evolving market. At<a href="https://sleeveuphomes.com/" rel="noopener" target="_blank"> SleeveUp Homes</a>, we'll buy your home directly from you as-is for top dollar! We'll have you covered with a fantastic cash offer that beats the rest. Plus, we'll handle any of those pesky repairs you would otherwise need to get your home ready for sale.</p> <p>Feel free to<a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank"> request a no-obligation cash offer</a> today!</p>
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            • titleAre Home Warranties Worth It for Older Homes?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/are-home-warranties-worth-it-for-older-homes" }, "headline": "Are Home Warranties Worth It for Older Homes?", "description": "Discover if home warranties are worth it for older homes. Pros, cons, tips, and seller's warranty benefits. Get financial peace of mind!", "image": "https://sleeveuphomes.com/files/blog/ff7b7524-71d5-434c-9042-f2302b8f016c_warranty-home-call-service-worker.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-10-16", "dateModified": "2023-10-16" } </script> <p>When you own an older home, it's no secret that maintenance and repairs are an inevitable part of homeownership. Older homes often come with charming character, but they may also bring older appliances, electrical systems, and plumbing more prone to breakdowns.</p> <p>In such cases, homeowners often find themselves debating whether to invest in a home warranty to offset the costs of potential repairs and replacements. In this article, we'll explore whether home warranties are worth it for older homes and the key factors to consider.</p> <h2>What is a Home Warranty?</h2> <p>A home warranty is a service contract that <strong>covers the repair or replacement of major home systems and appliances.</strong> These contracts typically last for a set period, often a year, and they can be renewed annually. Home warranties can be a valuable addition to your financial planning, offering protection against unexpected repair costs.</p> <p>Water heaters, electrical systems, air conditioning units, and major appliances in older homes are frequently more prone to breaks due to usual wear and tear. Home warranty plans can provide coverage for these items, making it a more affordable option for homeowners to address unforeseen repairs.</p> <p><img alt="handsome man fixing boiler or water heater" class="img-fluid" src="https://sleeveuphomes.com/img/fixing-boiler-or-water-heater.jpg" /></p> <h2>How Do Home Warranties Work?</h2> <p>If appliances like your furnace or dishwasher suddenly stop working due to normal wear and tear, you call your home warranty provider. They'll send a local expert, often a repairperson or technician, to your doorstep to figure out what's going on.</p> <p>You'll pay a service fee, which is a reasonable upfront cost for the visit. Once the technician identifies the issue, they'll either repair the item or replace it, all in line with your warranty's terms and conditions. You won't have to dig deep into your pockets for those surprise repair bills.</p> <h2>Pros of Home Warranties</h2> <p>Home warranties offer several advantages for homeowners, such as:</p> <ul> <li><strong>Protection Against Unexpected Repair Costs:</strong> The primary benefit of a home warranty is that it shields you from the sudden and potentially expensive pocket costs of repairing or replacing major components.</li> <li><strong>Predictable Service Fees: </strong>The service fee, while an out-of-pocket expense, is typically fixed and predictable, unlike the variable costs of unexpected repairs.</li> <li><strong>Additional Coverage Options: </strong>Some warranty providers offer add-on coverage, which is excellent for older homes with high-end items. These additional coverage options can extend the protection plan to cover items like a guest house or high-end appliances.</li> <li><strong>Peace of Mind: </strong>Home warranties provide homeowners with peace of mind, knowing they have financial coverage in case of unforeseen breakdowns.</li> </ul> <h2>Cons of Home Warranties</h2> <p>Some potential cons of home warranties are also worth considering:</p> <ul> <li><strong>Annual Cost:</strong> Home warranties come with annual premiums, which can range from a few hundred to over a thousand dollars. Over time, these costs can add up.</li> <li><strong>Coverage Limitations: </strong>Some warranty contracts may have coverage limitations and limits per repair. It's essential to understand what is and isn't covered to avoid unexpected costs.</li> <li><strong>Pre-existing Conditions: </strong>Home warranties may not cover pre-existing conditions, and some issues might not be eligible for repair or replacement.</li> </ul> <h2>Home Warranty vs. Homeowners Insurance: What's the Difference?</h2> <p>It's essential to differentiate between a home warranty and homeowners insurance. Home insurance typically provides coverage for your home's structure and personal belongings in cases of damage or loss due to events like natural disasters, theft, or fire. In contrast, a home warranty deals with fixing and replacing essential systems and appliances due to regular wear and tear.</p> <h2>Should You Invest in a Home Warranty for Your Older Home?</h2> <p>The decision to invest in a home warranty for your older home should be based on your specific circumstances and preferences. If you have a tight budget and want to protect yourself from unexpected repair costs, a home warranty can be a <em>valuable</em> addition to your financial strategy.</p> <p>Remember, regular maintenance is vital for a home warranty to work effectively. Your warranty might not cover routine breakdowns due to lack of care, so ensure your major components are well-maintained.</p> <h2>Tips for Getting a Home Warranty for an Older Home</h2> <p>To make the best choice when considering a warranty for your older home, here are some practical tips to guide you in the decision-making process:</p> <h3>1. Do Your Homework</h3> <p>When you're in the market for a home warranty for your older house, roll up your sleeves and do some good old-fashioned research. Take your time to compare different warranty plans, dig into the fine print, and understand all the nitty-gritty details like <strong>coverage limitations, service fees, and annual costs</strong>. This careful examination ensures you pick the plan that's the perfect fit for your unique needs.</p> <h3>2. Manufacturer's Warranty Alert</h3> <p>Don't forget that many appliances and systems already come with their own manufacturer warranties. It's important to know how these manufacturer warranties interact with your home warranty coverage to prevent any confusion or complications. You don't want to end up unintentionally canceling out a valid warranty.</p> <h3>3. Prepare for the Unexpected</h3> <p>A home warranty is a great safety net, but it may not catch everything. So, alongside your warranty, consider setting up an <em>emergency </em>fund. Life can throw curveballs, and this fund gives you the financial flexibility to handle those unexpected costs that fall outside the umbrella of your warranty coverage.</p> <p><img alt="man looking at the paper bill" class="img-fluid" src="https://sleeveuphomes.com/img/man-looking-at-the-bill.jpg" /></p> <h2>What if You're Selling a Home?</h2> <p>If you're selling your old home, a <strong>seller's home warranty</strong> is a service worth considering. It's designed to provide extra assurance to potential buyers. This warranty typically covers essential systems and appliances in the home during the escrow process and for up to a year after the sale.</p> <p>It acts as an enticing bonus for buyers, giving them added confidence in the property they're considering. In the real estate world, seller's home warranties streamline transactions and ease buyer concerns regarding unexpected repairs, making the whole process smoother.</p> <p>It's also worth mentioning that some home warranties can be transferred from the seller to the buyer when a property changes ownership. This is appealing to buyers as it expands the coverage.</p> <h2>Simplify Selling Your Older Home As-Is</h2> <p>So, are home warranties worth it for older homes? Yes, because home warranties provide a financial safety net against the unexpected expenses of major system and appliance repairs. And if you're selling your home, a warranty can serve as an incentive for buyers, providing them peace of mind when it comes to dealing with repairs.</p> <p>If you want to avoid the hassle of getting the warranty or making any repairs in your home, think about selling it to <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a>. We'll purchase your property as-is and offer you a top-dollar deal, assuring you get the full value of your home in cash. To get an idea of what you could receive, all you have to do is <a href="https://sleeveuphomes.com/request-offer/">request a no-obligation cash offer</a>. After that, you can confidently make your decision.</p>
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            • short_descriptionDiscover if home warranties are worth it for older homes. Pros, cons, tips, and seller's warranty benefits. Get financial peace of mind!
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-host-an-open-house-to-impress-potential-buyers" }, "headline": "How To Host an Open House to Impress Potential Buyers", "description": "Master the art of hosting successful open houses! From preparation to follow-up, discover how to captivate buyers in the dynamic real estate world.", "image": "https://sleeveuphomes.com/files/blog/3777805c-81f2-41b2-b882-f6e5fef18b15_real-estate-agent-showing-apartm.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-11-06" } </script> <p><span style="color: #0e101a;">Hosting an impressive open house can make all the difference in attracting potential buyers. This article will guide you through the essential steps to create an inviting and memorable open house event that leaves a lasting impression. From staging tips to effective marketing strategies, we'll show you how to make your property shine and ensure visitors are eager to make it their future home. </span></p> <h2>Preparing Your Property</h2> <p><span style="color: #0e101a;">Before hosting an open house, create an inviting and </span><span style="color: #0e101a;"><em>neutral </em></span><span style="color: #0e101a;">environment that appeals to a broad range of prospective buyers. Let’s go over some tips to get you started. </span></p> <h3>1. Decluttering and Depersonalizing</h3> <p><span style="color: #0e101a;">In the world of open houses, less is often more. The first step in preparing your property is to declutter and depersonalize it. Decluttering involves opening the space by removing unnecessary items and excess furniture. The intention is to create a room that is clear, airy, and friendly so that buyers can picture themselves living there.</span></p> <p><span style="color: #0e101a;">Depersonalizing takes it further by </span><span style="color: #0e101a;"><strong>removing personal touches</strong></span><span style="color: #0e101a;">, such as family photos and personalized decor. The objective is to neutralize the space, making it universally appealing. By doing so, you can maximize the property's potential and create a blank canvas for visitors to project their visions.</span></p> <h3>2. Professional Home Staging</h3> <p><span style="color: #0e101a;">Professional home staging is the finishing touch that transforms a property into a marketable gem. It involves a trained expert who understands the psychology of space and design. These professionals know how to use the existing layout and furnishings or supplement them with carefully selected pieces to </span><a href="https://sleeveuphomes.com/cheap-front-yard-landscaping-ideas-to-increase-property-value" rel="noopener" target="_blank">enhance the property's appeal</a><span style="color: #0e101a;">.</span></p> <p><span style="color: #0e101a;">A professional home stager will not only arrange furniture and decor in an aesthetically pleasing manner but will also consider the flow and functionality of each room. The result is a cohesive and attractive presentation that resonates with potential buyers. </span></p> <h3>3. Repairs and Maintenance</h3> <p><span style="color: #0e101a;">Before opening your doors to potential buyers, ensure that your property is in top condition. This involves a thorough evaluation of the property, identifying and addressing any maintenance issues, both minor and major.</span></p> <p><span style="color: #0e101a;">Fixing these issues not only enhances the property's appeal but also boosts its market value. A well-kept house is more likely to pique the interest of potential buyers. </span></p> <p><span style="color: #0e101a;">In addition to addressing repairs, improving the property's </span><span style="color: #0e101a;"><strong>curb appeal</strong></span><span style="color: #0e101a;"> is vital. The exterior of your property is the first thing potential buyers see, and a well-maintained exterior creates a positive first impression. This may involve landscaping, painting, or simple cosmetic touch-ups to make your property as inviting as possible.</span></p> <h2>Setting a Date and Time</h2> <p><span style="color: #0e101a;">Selecting the right date and time for your open house is crucial. Consider these factors:</span></p> <ul> <li><span style="color: #0e101a;"><strong>Weekday vs. Weekend Open Houses:</strong></span><span style="color: #0e101a;"> Weekend open houses are often more convenient for working professionals, while weekdays can attract a different crowd. Gauge your target audience when making this decision.</span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Seasonal Factors:</strong></span><span style="color: #0e101a;"> The season can also impact the timing. For instance, </span><a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house" rel="noopener" target="_blank">spring and early summer</a><span style="color: #0e101a;"> are popular times for open houses due to favorable weather conditions.</span></li> </ul> <h2>Creating a Marketing Plan</h2> <p><span style="color: #0e101a;">To ensure a successful open house, you'll need a solid marketing plan. Here's what you should pay attention to:</span></p> <h3>1. Online and Offline Promotion</h3> <p><span style="color: #0e101a;">To reach a broad audience, you should mix both </span><span style="color: #0e101a;"><strong>digital and traditional marketing channels</strong></span><span style="color: #0e101a;">. Social media platforms and real estate websites are your best friends when creating buzz around your open house. </span></p> <p><span style="color: #0e101a;">Utilize these channels to share captivating images, videos, and detailed property information. Posting high-quality photos and virtual tours can help you showcase your property in the best light, piquing the curiosity of potential buyers.</span></p> <p><span style="color: #0e101a;">On the traditional side, consider newspaper ads and local bulletin boards to capture the attention of those who prefer more traditional property search methods.</span></p> <h3>2. Cooperating with a Real Estate Agent</h3> <p><span style="color: #0e101a;">Your </span><a href="https://sleeveuphomes.com/listing-vs-selling-agent" rel="noopener" target="_blank">listing agent</a><span style="color: #0e101a;"> is a key player in your marketing plan. They possess a wealth of experience in planning, promoting, and managing open-house events. Collaborate closely with your agent to discuss your goals, expectations, and preferences. Their expertise can help tailor the marketing strategy to your property, ensuring it reaches the right audience.</span></p> <h3>3. Offering Sneak Peeks</h3> <p><span style="color: #0e101a;">A few days before the open house, offer sneak peeks on social media or real estate websites. This exclusive preview can generate buzz and excitement, making attendees more eager to see the property in person.</span></p> <h3>4. Creating Brochures and Flyers</h3> <p><span style="color: #0e101a;">Create attractive, informative brochures or flyers that highlight the key features of your property. Include high-quality photos and detailed descriptions.</span></p> <h3>5. Targeted Advertising</h3> <p><span style="color: #0e101a;">Use targeted online advertising to reach potential buyers in your area. You can </span><span style="color: #0e101a;"><em>segment </em></span><span style="color: #0e101a;">your audience by location and interests using search engines and social media networks.</span></p> <h2>Organizing Refreshments and Amenities for Guests</h2> <p><span style="color: #0e101a;">A commonly overlooked part of hosting a great open house is making sure there are snacks and useful amenities available for visitors. Going the extra mile in this regard can make your open house a memorable and inviting experience. Here’s what you can do:</span></p> <h3>1. Prepare Light Refreshments</h3> <p><span style="color: #0e101a;">While it may seem like a small detail, offering light refreshments can make a real difference in how potential buyers view your property. Consider providing bottled water, a variety of cookies, or fresh fruit. These simple yet welcoming options can leave a positive impression on attendees, making them feel at ease and valued.</span></p> <h3>2. Set up Coffee Station With Disposable Cups</h3> <p><span style="color: #0e101a;">For many potential buyers, a hot cup of coffee is a comforting touch. Setting up a coffee station with disposable cups not only offers a warm beverage but also creates an inviting ambiance. </span></p> <h3>3. Create Goodie Bags</h3> <p><span style="color: #0e101a;">Take your hospitality to the next level by creating goodie bags for house guests. These bags can be filled with promotional items like branded pens, notepads, or even gift cards. These thoughtful tokens not only serve as reminders of the property but also as a way to express your appreciation for their visit. </span></p> <p><span style="color: #0e101a;">These preparations show that you've gone the </span><span style="color: #0e101a;"><em>extra mile</em></span><span style="color: #0e101a;"> to ensure a comfortable and welcoming environment for your attendees. This, in turn, sets the stage for an open house experience that stands out from the crowd. </span></p> <h2>Hosting the Open House</h2> <p><span style="color: #0e101a;">When the much-anticipated day of your open house finally arrives, it's your time to shine and craft an unforgettable experience for potential buyers. This is when you showcase not just your property but also your exceptional customer service. Here's how you can ensure a warm and inviting atmosphere for your attendees:</span></p> <h3>1. Warm Welcomes</h3> <p><span style="color: #0e101a;">As attendees step into your open house, offer them more than just a polite greeting – offer them a genuine smile and a heartfelt welcome. These small gestures can set a positive and personal tone for their visit, making them feel valued and comfortable.</span></p> <h3>2. Build Connections</h3> <p><span style="color: #0e101a;">Engaging in meaningful conversations with your visitors is more than just a courtesy – it's an opportunity to connect on a deeper level. Take the time to ask about their house dreams and what they're expecting from the property. This personal touch goes a long way in building a connection with potential buyers, making them feel like they're not just attending another open house but chatting with someone who genuinely cares.</span></p> <h3>3. Address Questions and Concerns</h3> <p><span style="color: #0e101a;">Be prepared to handle many questions about the property, the neighborhood, local schools, and any other topics that might arise. Your extensive knowledge and willingness to provide informative, transparent, and honest responses can instill </span><span style="color: #0e101a;"><em>confidence </em></span><span style="color: #0e101a;">in potential buyers. They'll appreciate your expertise and trustworthiness, knowing that you're not just someone who wants to sell them a property but a reliable resource they can rely on.</span></p> <h2>Guided Tours and Self-Guided Exploration</h2> <p><span style="color: #0e101a;">For buyers who appreciate a more structured and informative experience, </span><span style="color: #0e101a;"><strong>guided tours</strong></span><span style="color: #0e101a;"> are an excellent choice. During these tours, you or a knowledgeable real estate agent can lead interested attendees through the property. This personalized approach allows you to highlight the property's unique features, answer questions in real time, and provide valuable insights that might otherwise go unnoticed. </span></p> <p><span style="color: #0e101a;">Guided tours not only make the open house more engaging but also create an opportunity to connect with potential buyers on a personal level. On the other hand, some visitors may prefer to take matters into their own hands and explore the property at their own pace.</span></p> <p><span style="color: #0e101a;">For these individuals, </span><span style="color: #0e101a;"><strong>self-guided explorations</strong></span><span style="color: #0e101a;"> are the ticket. To ensure their experience is as seamless as possible, place clear and informative signage strategically throughout the property. These signs guide visitors through each room, making it easy for them to navigate and appreciate the highlights of your home. </span></p> <h2>Safety Measures and Security During the Event</h2> <p><span style="color: #0e101a;">The safety of both your property and its attendees should be a top priority. Here's what you can do:</span></p> <ul> <li><span style="color: #0e101a;">Ensure all entrances and exits are well-lit and secure.</span></li> <li><span style="color: #0e101a;">Lock away valuable personal items, including jewelry and electronics.</span></li> <li><span style="color: #0e101a;">Consider investing in a smart security system to monitor the open house in real time.</span></li> </ul> <h2>Follow-Up and Post-Open House Activities</h2> <p><span style="color: #0e101a;">After the excitement of the open house event, it's essential to continue the momentum by following up with potential buyers and leads. Promptly reach out to attendees who showed genuine interest in your property, as striking while the hot iron often leads to the best results.</span></p> <p><span style="color: #0e101a;">Your follow-up can take various forms, with the ultimate goal of nurturing these leads into future buyers. Consider sharing additional property details, like those captivating features that make your house a standout choice.</span></p> <p><span style="color: #0e101a;">Personalized</span><span style="color: #0e101a;"><strong> thank-you emails</strong></span><span style="color: #0e101a;"> are another valuable touch. Express your appreciation for their visit and show your enthusiasm about the potential match between the property and their needs. By showing this level of care and engagement, you're laying the foundation for a positive and lasting relationship.</span></p> <h2>Making Necessary Adjustments for Future Open Houses</h2> <p><span style="color: #0e101a;">The real estate market is dynamic, and it's essential to adapt your strategy to changing conditions. Here's how:</span></p> <ul> <li><span style="color: #0e101a;">Take the time to evaluate the effectiveness of your open house. Consider various factors, such as the number of attendees and the level of interest visitors express.</span></li> <li><span style="color: #0e101a;">Analyze </span><span style="color: #0e101a;"><em>feedback </em></span><span style="color: #0e101a;">gathered from comment cards or digital forms, as these insights can be priceless.</span></li> </ul> <ul> <li><span style="color: #0e101a;">Stay updated on </span><a href="https://sleeveuphomes.com/real-estate-trends-in-2023" rel="noopener" target="_blank">current market conditions</a><span style="color: #0e101a;"> to adjust your pricing and marketing strategies accordingly.</span></li> <li><span style="color: #0e101a;">Continuously improve your marketing materials and promotional items to stay competitive.</span></li> <li><span style="color: #0e101a;">Experiment with digital platforms and email campaigns to reach a broader audience.</span></li> </ul> <h3>The Role of Your Real Estate Agent in Post-Open House Activities</h3> <p><span style="color: #0e101a;">Your listing agent plays a crucial role in post-open house activities. They can assist in the following ways:</span></p> <ul> <li><span style="color: #0e101a;">Provide insights into the attendees' level of interest.</span></li> <li><span style="color: #0e101a;">Offer guidance on negotiating offers from potential buyers.</span></li> </ul> <ul> <li><span style="color: #0e101a;">Help coordinate follow-up actions, including inspections and appraisals.</span></li> </ul> <h2>Want to Sell Your Home Without the Hassle Of Hosting An Open House?</h2> <p><span style="color: #0e101a;">While hosting an open house can be a rewarding experience, we understand that it may not be for everyone. If you're feeling overwhelmed by the process or prefer a more direct and convenient solution, we have an option for you.</span></p> <p><span style="color: #0e101a;">At </span><a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a><span style="color: #0e101a;">, we provide a stress-free solution for selling your property. Forget about open houses, renovations, staging, or elaborate marketing campaigns – we'll purchase your house </span><span style="color: #0e101a;"><em>as-is</em></span><span style="color: #0e101a;">.</span></p> <p><span style="color: #0e101a;">We're committed to providing you with a top-dollar deal, ensuring that you receive the full value of your home in cash. To get an idea of what you could receive for your property, all you have to do is </span><a href="https://sleeveuphomes.com/request-offer/" rel="noopener" target="_blank"><span style="color: #4a6ee0;">request a no-obligation cash offer</span></a><span style="color: #0e101a;">. After that, you can confidently make your decision.</span></p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-negotiate-selling-house" }, "headline": "How To Negotiate Selling a House: The Art of Real Estate Negotiation", "description": "Master the art of real estate negotiation for a profitable sale. Learn key strategies, pricing, communication, and more. Get the best deal for your property!", "image": "https://sleeveuphomes.com/files/blog/430fdd77-f6a1-4c23-8219-3372887b458a_real-estate-agent-has-entered-in.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2023-11-09" } </script> <p><span style="color: #0e101a;">The sale price of your property can be significantly influenced by effective negotiation. A well-negotiated deal can distinguish between an offer that meets or exceeds your expectations and one that falls short. By mastering the art of negotiation, you can maximize your profit and minimize the potential for losses.</span></p> <p><span style="color: #0e101a;">Before starting your negotiations, it's essential to understand the core elements that underpin this critical phase of the selling process. In this article, we'll guide you through each step, helping you become a more effective negotiator in the real estate market.</span></p> <h2>Preparing for Negotiation</h2> <p><span style="color: #0e101a;">Before entering into negotiations, sellers must </span><span style="color: #0e101a;"><strong>define their goals and priorities</strong></span><span style="color: #0e101a;">. Are you focused on achieving the highest possible sale price, or is a quick sale your primary goal? Your goals will shape your negotiation strategy and help you make informed decisions.</span></p> <h3>1. Gathering Information About the Property and Market</h3> <p><span style="color: #0e101a;">Knowledge is power in negotiation. Research your local real estate market to understand </span><a href="https://sleeveuphomes.com/real-estate-trends-in-2023" rel="noopener" target="_blank">current trends</a><span style="color: #0e101a;">, property demand, and the competition. Additionally, conduct a thorough analysis of your property's strengths and weaknesses to anticipate potential questions and objections from buyers.</span></p> <h3>2. Understanding Your Bottom Line and Constraints</h3> <p><span style="color: #0e101a;">It's crucial to know your limits before entering negotiations. Determine your </span><span style="color: #0e101a;"><em>lowest </em></span><span style="color: #0e101a;">selling price (your "bottom line") and establish your priorities for concessions. Recognize any constraints, such as outstanding mortgages or the need for a quick sale, and factor them into your negotiation strategy.</span></p> <h3>3. Working with a Real Estate Agent</h3> <p><span style="color: #0e101a;">Selling a house is a significant undertaking, and a </span><a href="https://sleeveuphomes.com/different-types-of-real-estate-agents" rel="noopener" target="_blank">real estate agent</a><span style="color: #0e101a;"> can be a treasured partner. Their expertise, market knowledge, and negotiation skills are essential for a successful sale. To find the right agent, seek recommendations, interview potential candidates, and consider their experience, communication skills, and local market expertise. </span></p> <h3>4. Identifying Buyers</h3> <p><span style="color: #0e101a;">Identifying potential buyers and understanding their needs is a key aspect of successful negotiation. Prospective buyers may vary in motivations, financial capacity, and preferences. Work closely with your real estate agent to identify potential negotiation partners and tailor your approach accordingly.</span></p> <h2>Building a Strong Foundation</h2> <p><span style="color: #0e101a;">Before diving into negotiations, these strategies help you attract the right people and set the stage for a more efficient negotiation process: </span></p> <h3>1. Pricing</h3> <p><span style="color: #0e101a;">You can understand the local market through a </span><a href="https://sleeveuphomes.com/ultimate-real-estate-vocabulary" rel="noopener" target="_blank">Comparative Market Analysis</a><span style="color: #0e101a;"> (CMA). Overall, avoid overpricing, aim for a competitive price </span><span style="color: #0e101a;"><strong>aligned with similar properties</strong></span><span style="color: #0e101a;">, and be open to price adjustments based on market feedback to maximize buyer interest and secure a favorable deal.</span></p> <h3>2. Staging and Repairs</h3> <p><span style="color: #0e101a;">Staging and repairs can increase your property's appeal to potential buyers. A </span><a href="https://sleeveuphomes.com/how-to-prepare-your-home-for-sale" rel="noopener" target="_blank">well-presented home</a><span style="color: #0e101a;"> not only attracts more interest but also provides you with an advantage during negotiations. A polished property sends a message of value and care.</span></p> <h3>3. Marketing Strategies</h3> <p><span style="color: #0e101a;">Effective marketing strategies are vital in attracting a </span><span style="color: #0e101a;"><em>pool </em></span><span style="color: #0e101a;">of potential buyers. Rely on your real estate professional to employ various marketing techniques, including online listings, open houses, and targeted outreach. A wider pool of potential buyers can lead to more favorable offers.</span></p> <h2>Communication in the Negotiation Process</h2> <p><span style="color: #0e101a;">In negotiation, communication is the linchpin. Honesty and clarity can help build trust and goodwill with potential buyers. Here are some tips to help you out: </span></p> <ul> <li><span style="color: #0e101a;"><strong>Active Listening</strong></span><span style="color: #0e101a;">: Understand the needs and preferences of prospective buyers. Their feedback can guide your negotiation strategy and help you tailor your offers to match their desires.</span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Body Language and Non-verbal Cues</strong></span><span style="color: #0e101a;">: Non-verbal cues, including body language, can be </span><span style="color: #0e101a;"><em>telling </em></span><span style="color: #0e101a;">during negotiations. Pay attention to the cues given by potential buyers, and ensure that your non-verbal communication exudes confidence and professionalism.</span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Maintaining Composure:</strong></span><span style="color: #0e101a;"> Selling your home can be an emotional process, but it's essential to maintain composure during negotiations. Concentrate on your goals and priorities to avoid getting emotionally swept up in the process.</span></li> </ul> <h2>The Negotiation Process</h2> <p><span style="color: #0e101a;">The negotiation process begins when a prospective buyer expresses interest in your property. Their offer may include the purchase price, contingencies, and other terms. As offers come in, you'll need to evaluate them carefully and try some strategies. </span></p> <p><span style="color: #0e101a;">These strategies may include price adjustments, offering seller concessions, or countering with favorable terms. Your real estate agent will help you use these tactics to help you secure a favorable outcome.</span></p> <ul> <li><span style="color: #0e101a;"><strong>Price Adjustments</strong></span><span style="color: #0e101a;">: If you're not getting the offers you want, you might adjust the price. This can get more people interested and willing to offer, eventually leading to a better deal. It's not ideal, and it depends on your situation, but it's an option to consider. </span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Offering Seller Concessions</strong></span><span style="color: #0e101a;">: This means giving some </span><a href="https://sleeveuphomes.com/how-much-it-costs-to-sell-a-house-and-how-to-minimize-cost" rel="noopener" target="_blank">extra perks</a><span style="color: #0e101a;"> to the buyer. You could help pay their </span><a href="https://sleeveuphomes.com/how-much-are-closing-costs-in-california" rel="noopener" target="_blank">closing costs</a><span style="color: #0e101a;">, offer a home warranty, or agree to fix certain things in the house. This makes your property more appealing and can lead to smoother negotiations.</span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Countering with Favorable Terms</strong></span><span style="color: #0e101a;">: If the first offer isn't great, you can make a counteroffer with better terms. This might include changing the closing date or agreeing to certain conditions that benefit you. It's about finding ways to make the deal work for you and the buyer.</span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Putting a Deadline on the Counteroffer</strong></span><span style="color: #0e101a;">: By setting a deadline for the buyer to respond to your counteroffer, you create a sense of urgency. This can prevent negotiations from dragging on endlessly and help you reach a decision more quickly.</span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Rejecting an Offer:</strong></span><span style="color: #0e101a;"> If an offer doesn't come close to what you're looking for, it's okay to say no. Evaluate whether the offer is worth considering or if it's better to reject it and wait for a better one. Rejecting an offer can sometimes lead to more serious offers down the line.</span></li> </ul> <p><span style="color: #0e101a;">Overall, flexibility is a valuable asset. Be prepared to </span><span style="color: #0e101a;"><em>adjust </em></span><span style="color: #0e101a;">your strategy as the situation evolves. With the guidance of your agent, you can pivot when necessary and stay focused on your ultimate goals.</span></p> <h2>Legal and Financial Aspects</h2> <p><span style="color: #0e101a;">When selling your home, there are important </span><a href="https://sleeveuphomes.com/full-checklist-of-the-documents-required-to-sell-property" rel="noopener" target="_blank">legal</a><span style="color: #0e101a;"> and financial aspects to consider. These include the contract for the sale, the costs you'll have to cover at the deal's closing, and possibly offering a warranty plan for the home. Understanding these elements is crucial to make sure everything goes smoothly.</span></p> <ul> <li><span style="color: #0e101a;"><strong>Contingencies and Conditions:</strong></span><span style="color: #0e101a;"> Buyers often add certain conditions to their offers, like requesting an appraisal or asking for repairs to be done. It's essential to decide whether these requests are reasonable and if you need to discuss them further.</span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Inspection Reports and Appraisals:</strong></span><span style="color: #0e101a;"> Inspection reports and </span><a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work" rel="noopener" target="_blank">property appraisals</a><span style="color: #0e101a;"> play a big role in negotiations. If these reports show issues with the property, you'll need to decide whether to fix the problems, adjust the sale price, or provide some concessions to make the deal work.</span></li> </ul> <ul> <li><span style="color: #0e101a;"><strong>Escrow and Closing Costs:</strong></span><span style="color: #0e101a;"> As you get closer to finalizing the sale, you'll have to manage the funds held in escrow and handle the costs associated with closing. These costs include insurance, taxes, and other fees. Preparing for these expenses will help ensure a smooth transition to closing the deal.</span></li> </ul> <h2>Overcoming Common Challenges</h2> <p><span style="color: #0e101a;">When selling your home, you may encounter several common challenges that can influence the outcome of your sale. Here's a more detailed look at each challenge and how to address them:</span></p> <h3>1. Multiple Offers</h3> <p><span style="color: #0e101a;">In a </span><a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house" rel="noopener" target="_blank">competitive market</a><span style="color: #0e101a;">, your property's desirability may lead to multiple buyers making offers. This is generally a positive situation, but it can be complex. It's essential to evaluate these offers carefully, considering not only the purchase price but also the terms and contingencies attached. </span></p> <p><span style="color: #0e101a;">You aim to select the offer that best aligns with your priorities and financial objectives. Your strategy might involve negotiating with one or more potential buyers or requesting their "highest and best" offers, allowing you to choose the most favorable terms for your situation.</span></p> <h3>2. Lowball Offers</h3> <p><a href="https://sleeveuphomes.com/how-to-know-if-you-are-getting-a-fair-offer-for-your-house" rel="noopener" target="_blank">Lowball offers</a><span style="color: #0e101a;"> are those that come in significantly below your asking price. While they may be disappointing, they are relatively common in real estate transactions. The key is not to take these offers personally but instead to approach them with a strategic mindset. </span></p> <p><span style="color: #0e101a;">Your response could involve:</span></p> <ul> <li><span style="color: #0e101a;">Negotiating with the buyer.</span></li> <li><span style="color: #0e101a;">Make a counteroffer closer to your desired price. Lowball offers can serve as a starting point for productive negotiations.</span></li> <li><span style="color: #0e101a;">Simply rejecting the offer and waiting for more serious buyers.</span></li> </ul> <h3>3. Negotiation Impasses and Deadlocks</h3> <p><span style="color: #0e101a;">Negotiation impasses happen when both you and the prospective buyer are unable to reach an agreement on specific terms. These deadlocks can be challenging, but they don't necessarily mean the end of the deal. With the help of your real estate agent, you can come up with creative solutions. </span></p> <p><span style="color: #0e101a;">This may involve proposing alternative terms, reevaluating contingencies, or considering concessions that satisfy both parties. The goal is to keep the negotiation process moving forward and </span><span style="color: #0e101a;"><strong>find common ground</strong></span><span style="color: #0e101a;"> for a mutually beneficial agreement.</span></p> <h3>4. Negotiating in a Competitive or Buyer's Market</h3> <p><span style="color: #0e101a;">The real estate market can fluctuate between being more favorable to sellers (a seller's market) and buyers (a buyer's market). In a seller's market, demand </span><span style="color: #0e101a;"><em>exceeds </em></span><span style="color: #0e101a;">supply, and you have the upper hand as a seller. </span></p> <p><span style="color: #0e101a;">In contrast, a buyer's market presents more options to potential buyers and may lead to more challenging negotiations. In either scenario, adapting your negotiation approach is essential. </span></p> <p><span style="color: #0e101a;">In a seller's market, you can be more selective with offers, and in a buyer's market, you may need to be more flexible and open to concessions. You can tailor your strategy to the prevailing market conditions to maximize your chances of a successful sale.</span></p> <h2>Looking for An Easier Way to Sell Your Home?</h2> <p><span style="color: #0e101a;">As a homeowner, you now have the tools and insights to navigate the complex world of real estate negotiation. Overall, sellers who approach negotiations with confidence and knowledge, backed by an experienced real estate agent, are better positioned to secure the best possible deal.</span></p> <p><span style="color: #0e101a;">If this seems like too much hassle, there's an easier way to sell your home. </span><a href="https://sleeveuphomes.com/" rel="noopener" target="_blank"><span style="color: #4a6ee0;">SleeveUp Homes</span></a><span style="color: #0e101a;"> is your top-dollar buyer for properties in Southern California. You don't have to worry about making any repairs or updates; we'll purchase your home just as it is. </span></p> <p><span style="color: #0e101a;">Plus, we don't work with realtors – we buy your house directly from you, so there are no agent fees to worry about. Armed with this information, simply reach out to us and ask for a </span><a href="https://sleeveuphomes.com/request-offer/" rel="noopener" target="_blank"><span style="color: #4a6ee0;">free cash offer.</span></a><span style="color: #0e101a;"> We'll assess your property with an inspection and provide you with a cash offer.</span></p>
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            • body <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/full-guide-to-Inheritance-tax-In-california" }, "headline": "Your All-In-One Guide to Inheritance Tax In California", "description": "Taxes involved in inheriting property from a loved one can leave you overwhelmed. Learn all you need to know about inheritance tax in California here!", "image": "https://sleeveuphomes.com/files/blog/6a6aa565-7415-42f0-8b38-2531ba327a82_toy-house-and-calculator-on-tabl.jpg", "author": { "@type": "Person", "name": "Cesar Gomez" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2024-04-05" } </script> <p>Taxes can be daunting. There are many different types of taxes in the United States and rules that go along with each one, making this subject very difficult to wrap your head around. Receiving an inheritance can, thus, also come with a lot of questions, one of the most common ones being whether it will result in inheritance tax – an aspect of inheritance we don't look forward to as much. </p> <p>You may be subject to an inheritance tax if you inherit money or property after a loved one passes away. Even though California is notorious for being one of the highest-taxed states in the nation regarding income taxes, not <em>all </em>states are subject to inheritance tax, with California being one of them. Remember that this does not necessarily mean that collecting your inheritance will be completely tax-free.</p> <p>Keep reading for clarification on inheritance tax in California, and learn everything you need to know about<strong> how the inheritance tax and estate tax work in the state of California</strong> for peace of mind. </p> <h2>What Is Inheritance Tax?</h2> <p>An inheritance tax is <strong>a tax imposed by some states on the recipients of inherited assets. </strong>It’s a levy on assets inherited from a deceased person. The inheritance tax is not really common in the U.S., and the federal government doesn't have an inheritance tax. Only six U.S. states currently have an inheritance tax in place.</p> <p>Whether or not it <em>applies</em> depends on the state in which the deceased lived or owned property, the <a href="https://sleeveuphomes.com/assessed-value" target="_blank">value of the inheritance</a>, and the beneficiary's relationship to the decedent. For example, there are exceptions for spouses – spouses are automatically exempt from inheritance taxes. At the same time, more distant heirs, such as siblings, nieces, nephews, and friends, typically pay inheritance tax, with the tax rate escalating as the degree of kinship decreases.</p> <h3>What Is an Estate Tax?</h3> <p>An estate tax is <strong>a financial levy on an estate that exceeds the minimum threshold set by law </strong>based on the current value of its assets. State and federal taxes and laws vary, but generally, only estates valued at or above specific amounts are subject to taxes on estates.  What is the most you can inherit without paying taxes? Or, in other words, what is the federal estate tax threshold? It only applies to assets over $13.61 million as of 2024. </p> <p>Estate taxes are calculated based on the estate's fair market value (FMV) rather than what the deceased originally paid for its assets. The tax is levied by the state where the deceased person was living at the time of their death. Recipients of an estate's assets may be subject to inheritance tax if it’s also above certain limits. However, assets transferred to spouses are exempt from estate tax. Federal estate tax rates range from 18% to 40%, depending on the value of the estate. </p> <h3>What's the Difference Between Estate Taxes and Inheritance Taxes?</h3> <p>While inheritance tax and estate tax are both taxes on inheritance and referred to as a “death tax,” and often used interchangeably, they are, in fact, two distinct taxes. The main difference between inheritance and estate taxes is <strong>the person responsible for paying the tax.</strong> Unlike inheritance tax rules, estate taxes are charged against the estate regardless of who inherits the deceased's assets, that is, the recipients of inheritance.</p> <p>An inheritance tax is a levy on assets inherited from a deceased person. Unlike the estate tax, which is levied on the value of an estate after the death of the owner, an inheritance tax is levied on the value of the rightful inheritance received by the beneficiary, and it is the beneficiary who pays it. In other words, an estate tax is assessed on the estate before its assets are distributed, while an inheritance tax may be imposed on the bequest's beneficiaries.</p> <h2>Is Inheritance Taxable In California? Overview of Inheritance Law in California</h2> <p>What is the inheritance law in California? Is there an inheritance tax in California? In 2024, only <em>six</em> states collect inheritance tax – Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. Maryland has the dubious distinction of being the only state to collect both inheritance and estate tax rates.</p> <h3>Do I Have to Pay Taxes on a Property I Inherited in California?</h3> <p>California residents don’t need to worry about a state inheritance tax because it no longer exists. Luckily for all California residents and <a href="https://sleeveuphomes.com/i-inherited-a-house-what-can-i-do-with-the-inherited-property" target="_blank">inherited property</a> owners,<strong> inheritance has not been subject to tax in California since 2005.</strong> So, if you live in California, you are inheritance tax-free as California does not have a state-level inheritance tax. However, there are a few exceptions to this rule, such as:</p> <ul> <li><strong>The Federal Estate Tax</strong> – The federal estate tax law applies for individual estates exceeding $13.61 million dollars per person in 2024.</li> <li><strong>Retirement Accounts</strong> – If you inherit a retirement account, you will be subject to income tax as you withdraw the assets from the account. Your withdrawals from the retirement account will be considered income, so you will need to pay income tax.</li> <li><strong>Capital Gains Tax</strong> – If you choose to sell the property you inherited in California, you do pay capital gains tax on the increased value or, in other words, any gains that the asset made since you inherited it.</li> </ul> <h3>Does California Tax Foreign Inheritance?</h3> <p>You’re probably also wondering if the inheritance tax of another state applies to your non-existent inheritance tax in California. So, let's explain what happens if you inherit foreign assets or property from a non-California resident.<strong> </strong>Even if you live in California or another state that does not have an inheritance tax, if the person you are set to inherit from were living in a state that does at the time of death, then you <em>would owe a</em>n inheritance tax to that state.</p> <p>For example, if you live in California and inherited major assets or estate after the death of your cousin who lived in Kentucky at the time of death, you would owe the state of Kentucky inheritance tax (if it's above the threshold) because it’s one of the few states that still collect it. In contrast, if you would inherit from someone who passed away in California, you would be able to get the inheritance tax-free.</p> <p><img alt="man is explaining taxes" class="img-fluid" src="https://sleeveuphomes.com/img/property-sales-staff-submit-land.jpg" style="width: 1200px; height: 800px;" /></p> <h2>Federal Gift Tax Law In California</h2> <p>You’re probably relieved to learn that there are no federal or California inheritance taxes. However, California residents are still subject to federal gift taxes, as they apply across the entire United States. How much money can you inherit without paying taxes in California?</p> <p>Each California resident may gift a certain amount of property in a given tax year, tax-free. In 2024, the federal gift tax allows individuals to leave <strong>up to $18,000 in cash or assets</strong> to heirs or other individuals during their lifetime (or $36,000 for couples) without triggering a gift tax. There are some ways for families to gift more than the IRS rule allows, such as using irrevocable trusts, marital deductions, and intrafamily loans. </p> <p>Going beyond this limit may require you to file additional paperwork, but you won’t owe an actual tax until you exceed your lifetime gift and estate tax exemption. The IRS tracks your lifetime gifts and estate tax exemption. Once your total lifetime gifts exceed the threshold, you’ll be required to pay an actual gift tax. So, get into gift planning on time. </p> <h3>Does California Require an Inheritance Tax Waiver Form?</h3> <p>Since there's no inheritance tax in California, it does <em>not </em>require an inheritance tax waiver form. However, some states require the estate executor to submit an inheritance tax waiver when transferring stock ownership to an estate.</p> <h2>Estate Tax In California</h2> <p>California does not impose an estate tax, but the federal government does. So, even though you won’t owe estate tax to the state of California, there is still the federal estate tax to consider. After someone passes away in the state of California, <strong>the only tax imposed on their assets will be a federal estate tax.</strong></p> <p>If you had property in another state that imposes a state-level estate tax, your estate could be required to pay both federal and state-level estate taxes. However, this applies only to estates worth over 13.61 million in 2024. If a California resident passes away with an estate valued less than the exemption amount, their estate will <em>not</em> be subject to federal estate taxes.</p> <p>Married spouses can avoid paying a federal estate tax of up to $24.06 million after both have deceased if the proper legal processes are performed. Each spouse is entitled to their own federal estate tax exemption, although the rules for state-level estate taxes can vary.</p> <h2>Got Any More Questions?</h2> <p>We've got you covered with a quick FAQ.</p> <h3>Do You Pay Taxes on a Trust Inheritance?</h3> <p>If you’re a trust beneficiary, you must be wondering whether you need to pay taxes on a trust inheritance. The short answer? It depends on the <em>source </em>of the funds. Whether beneficiaries pay tax on monies received from a trust depends on how the distribution is classified.</p> <p>If the money comes from the trust’s principal, you won’t be paying any taxes, as principal trusts are not taxable to the beneficiary. However, you will owe income tax if the funds come from the trust's income (interest/earnings). The legal requirements of trusts can vary, so it’s best to consult with the trustee or legal and tax counsel for guidance.</p> <h3>Does a Surviving Spouse Automatically Inherit Everything in California?</h3> <p>In California, a surviving spouse has primary rights to any part of the estate after death not legally disposed of by the will of the deceased spouse. This includes the decedent’s half of the couple’s community property. However, the surviving spouse may not inherit everything if the decedent has surviving children, as they're also rightful heirs. Some assets are not subject to California’s intestate succession and probate laws.</p> <p>For example, certain assets automatically pass to the surviving spouse after death, such as real property held in joint ownership between spouses, assets with a payable-on-death or transfer-upon-death designation, and revocable trusts where both spouses are trustees (the surviving spouse maintains control of trust assets).</p> <p>If you’ve lost a spouse who didn’t have a will or if you’re concerned about your rightful inheritance, consider seeking legal advice in these difficult times - an estate attorney or at least a financial advisor.</p> <h3>Do I Need to Claim Inheritance in California?</h3> <p>In California, you do not need to claim inheritance, since the state does not impose an inheritance tax, which means that money or property received from an inheritance is not subject to state-level taxation. However, if the estate is large, it’s essential to be aware of federal estate tax laws, as states valued above certain thresholds may be subject to federal estate taxes.</p> <h3>How Can You Minimize Inheritance Taxes in California?</h3> <p>Inheritance taxes can be minimized or even avoided in some cases, for example, by leaving assets via trusts or insurance policies, making charitable donations, or gifting sums during one's lifetime. Whether you live in an inheritance tax-free state like California or not, you can always avoid property taxes by ensuring you keep below the inheritance tax or estate tax thresholds with proper estate planning.</p> <h3>How Do I Avoid Capital Gains Tax on Inherited Property in California?</h3> <p>You can avoid paying capital gains taxes on an inherited property simply by <a href="https://sleeveuphomes.com/how-much-it-costs-to-sell-a-house-and-how-to-minimize-cost" target="_blank">selling the entire estate</a> as soon as you inherit it, thus not leaving any room for the property to further appreciate in value. Another option is to turn the property into a rental or use it as a primary residence for at least two years.</p> <p>Of course, you can always opt to disclaim the inheritance entirely. However, keep in mind that the decision to disclaim is <em>final</em> and irreversible. Consider hiring a real estate planning attorney to help guide you in this process.</p> <h2>Thinking About Selling The Real Estate You Inherited in California?</h2> <p>The good news for all Californians out there is that inheritance is generally tax-free in the state of California. However, although there's no inheritance tax in California, that isn't to say you shouldn't pay attention to other taxes that may be involved when you inherit property or other assets, as there may be potential pitfalls to avoid.</p> <p><strong>Taxes can be complicated, but selling your home doesn’t have to be</strong>. At<a href="https://sleeveuphomes.com/" target="_blank"> SleeveUp Homes</a>, we aim to provide homeowners with a simple process and the best possible offer for their property. And yes, we purchase inherited property, too. No repairs or cleanups needed, no fees or commissions, no time pressure. Sell your home as-is today for cash.</p> <p>Contact us today to get a<a href="https://sleeveuphomes.com/request-offer" target="_blank"> free cash offer</a> for your property!</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-sell-your-own-home" }, "headline": "How To Sell Your Own Home", "description": "Can you sell your own home? Yes, but you should know what it entails. Read on to learn how to sell your own home and what you’ll need to do.", "image": "https://sleeveuphomes.com/files/blog/00ebd2fd-7a13-46bd-bbd2-4c87e852ab2d_sell-home-cover.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-02-15", "dateModified": "2021-02-15" } </script> <p class="mb-4">Has your home become a burden to you? Do you need to move and just want to sell fast? Maybe you just don’t want the expense and hassle of using a realtor. You might also want to save some money on commissions. We understand, which is why we will delve into how to sell your own home.</p> <p class="mb-4">However, you should know that it’s not as easy as putting up a sign in your yard and waiting for an offer. You’ll have to put in some effort to make sure potential buyers will see your property and hopefully make you an offer. If you’re still interested in selling your own home, here are things you should consider:</p> <h2 class="mb-4">You Will Need to Market Your Home</h2> <p class="mb-4">Realtor commission tends to be around 3% of the sale price. When you imagine what you could do with that extra money, it’s understandable that people might think of selling their homes on their own.</p> <p class="mb-4">You can always stick a “For Sale” sign in your front yard and wait. This may be the easiest option, and it will save you some money if you manage to find a buyer yourself. You will have to answer all the phone calls, and you’ll have to schedule tours. It’s also a good idea to have an open house.</p> <p class="mb-4">Here’s the problem with marketing your home with only a For Sale sign: only your neighbors, friends, and delivery people will see it. You will need to find a better way to market the property.</p> <p class="mb-4">Thankfully, there are free or cheap services that allow you to list your home online. You will still get pounded with calls from real estate agents asking to help market your home, but if you’re savvy you can find ways to get the word about your home out to a wider audience.</p> <p class="mb-4">There are services that can get your home listed on a range of sites like Zillow for a small fee, saving you money on commission. You can also post your own home for sale on sites like Zillow and Redfin.</p> <p class="mb-4">Both options can help you increase the visibility of your property as long as you provide a thorough description and pictures of your home. However, going down this route requires patience as you wait for potential buyers to contact you.</p> <p class="mb-4" style="text-align: center;"><img alt="How to Sell Your Own Home" class="img-fluid" src="https://sleeveuphomes.com/img/sell-a-home.jpg" /></p> <h3 class="mb-4">You Will Need Patience</h3> <p class="mb-4">Selling a home takes time. Even with great marketing, it can easily take 60-90 days or longer, unless you are in a high-demand area. The longer a home sits on the market, the less it can fetch from a sale.</p> <p class="mb-4">Once you do start seeing some interest, you’ll need some negotiating skills because you will have a lot of lurkers that are looking for a great deal for themselves.</p> <p class="mb-4">These window shoppers could be home buyers or investors looking for a great property that they will buy for next to nothing. It takes some experience to screen out these types of buyers and window shoppers as you wait for serious offers.</p> <h3 class="mb-4">You May Need to Make Some Repairs and Do Clean-Ups</h3> <p class="mb-4">Your home will need to be more attractive than any of the surrounding homes in the neighborhood if you want to get an attractive offer. Not only does the inside of the house need to be immaculate, but the curb appeal should make the house stand out from other houses in the market.</p> <p class="mb-4">Depending on the condition of the inside and outside of your house, you may have to <a href="https://sleeveuphomes.com/how-to-prepare-your-home-for-sale">invest some money and time</a> into making your house appealing to buyers.</p> <p class="mb-4">Take some time to do research on what makes a house attractive to buyers. This could include new landscaping, new paint, or possibly a remodel. Even though buyers won’t see the backyard when they drive by, don’t forget to spruce it up as well.</p> <p class="mb-4">Finally, research how to stage a home. There is an art to making buyers desire your home as they walk through the house. Consider neutral paints and carpets so buyers won’t feel they need to make dramatic changes when they purchase your house.</p> <p class="mb-4">Also, consider the style you want to showcase in your home. We all want top dollar for our house, but it must look like it can command the price you want. You can do research online through sites like Zillow or Redfin to find comparable homes in your area and get a sense of the asking price you can get for your home.</p> <p class="mb-4">Make sure to find homes that have similar square footage, bedrooms, and baths - so homes that are comparable to yours. Those houses are your competition and you want to offer a similar price.</p> <p class="mb-4">Don’t just look at what else is for sale in your market. Look at the homes that have sold. That will tell you the true story about what buyers are willing to pay. Only looking at for-sale listings can be deceptive and lead you down the path of pricing your home too high.</p> <p class="mb-4">If you really want to sell fast, think about what you really need to get out of the house. This number could be what you need to pay off the mortgage or the money to move elsewhere.</p> <h3 class="mb-4">You Don’t Want Your Home on the Market for Too Long</h3> <p class="mb-4">The longer your home stays on the market, the odds that you will be able to sell for your listing price or above go down. Only 27% of homes that stay on the market for 5 weeks get their asking price or above. That drops to 14% if the home has sold after 10 weeks.</p> <p class="mb-4">The <a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house">time of year</a> is also important. Nationally, the first couple of weeks of May are prime time to sell a house. Obviously, this varies by locality. Even in a place like Southern California, where the weather is great year-round, people still tend to purchase seasonally.</p> <p class="mb-4">If you price your home too high and it sits on the market for too long, you’ll have to drop the listing price in order to generate some interest in the property.</p> <p class="mb-4">However, once the price is dropped, there is no guarantee you’ll generate interest and start receiving offers. If you find yourself in a situation where your home is on the market for too long, there are companies that will buy the home for a fair price.</p> <h2 class="mb-4">Selling My Own Home Sounds Too Hard!</h2> <p class="mb-4">After knowing what need to do to sell your own house fast, it may sound overwhelming, but you still need to sell fast and don’t want to wait weeks for someone to purchase it.</p> <p class="mb-4">You may not really have the time to learn marketing and stage open houses. You may need to make repairs and have work done on the house, but don’t have the energy or budget to make that happen quickly.</p> <p class="mb-4">If you don’t want to go through the process of selling your home on your own, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers so we can pay top dollar for your house regardless of condition.</p> <p class="mb-4">If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-sell-a-house-fast" }, "headline": "How To Sell A House Fast", "description": "Learn more about how to sell a house fast and whether to do it on your own, with a realtor, through a wholesaler, or a direct-to-consumer home buyer.", "image": "https://sleeveuphomes.com/files/blog/3a1f4af0-9529-4fdb-9112-db20fc3ee5fe_foreclosure-0.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-04-04", "dateModified": "2021-04-04" } </script> <p class="mb-4">Life can change quickly, and there are times where you need to get out of your property quickly and move on. Perhaps, you need to move because of family or job situations, or maybe you just want to live somewhere different. In some cases, a house can be weighing you down financially. The challenge is how to sell a house fast without getting a lowball offer.</p> <p class="mb-4">So, what’s the secret? You’ve probably heard stories of people posting a sign in their yard and within days or hours, they get a buyer paying far more than the asking price. It happens, but not often. To be in that perfect spot, your house needs to be in demand and you have to act at just the right time.</p> <p class="mb-4">Again, it happens, but it’s like getting struck by lightning. If you want to be more realistic and successful in any market, here’s a list of things you should consider if you are looking to sell a house fast and move out of your property quickly.</p> <h2 class="mb-4">Have a Home That Stands Outs From the Market</h2> <p class="mb-4">A house that sells quickly is better than the competition. Selling fast is about more than just competing on price. The condition of the home also matters. How does your house stack up with other houses on your block? What about the other houses for sale in your market?</p> <p class="mb-4">When potential homeowners are looking for a house, they want something stunning that doesn’t require a lot of work to make it their own. Whether you're <a href="https://sleeveuphomes.com/how-to-sell-your-own-home">selling your own home</a> or working with a realtor, there are a few things you can do to convince buyers to make you an offer:</p> <ul> <li>Clean and declutter your house. If you’ve lived in your house for very long, you’ve probably collected a lot of stuff. Clutter in a house makes it appear small when buyers come for a visit. A thorough cleaning will be the first step to attract buyers to make an offer.</li> <li>Remove personal items. We all have family photos and keepsakes that mean a lot to us, but these things won't hold the same value for other people. These items distract from visitors looking to make an offer. They need to be able to visualize the house as their own. Packing those items away will help the process and get you ready to move.</li> <li>Invest in repairs. Look around your house both inside and out and make sure there are no glaring repairs that take away from the appearance. Also, think like a home inspector and fix those issues that might show up on an inspection. If a buyer thinks they are going to have to sink a lot of money into your house, they may never give you an offer (or much less than you need).</li> <li>Stage and add curb appeal. Do everything you can to clean up the house from the outside. Refresh the landscaping with fresh mulch. Plant new flowers if you can. You want the window shopper to stop when they pass by your for sale sign.</li> <li>Use professional photography. If you are listing your house online, make sure the pictures look amazing. Find a capable photography friend or invest in a professional photographer to create a story with pictures. Great pictures will have buyers calling you to buy.</li> <li>Invest in temporary storage. To really declutter your house, invest in temporary storage where you hide all that extra furniture and possessions. You want the house to appear spacious and inviting.</li> </ul> <p style="text-align: center;"><img alt="How to sell a house fast staged home" class="img-fluid" src="https://sleeveuphomes.com/img/stage-0.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>A cleaned, staged home can sell faster.</em></p> <h2 class="mb-4">Broadcast Your Property as Widely as Possible</h2> <p class="mb-4">Social media, NextDoor, and a host of real estate websites make it easy to list your home for sale and share your listing. Once you've found the best outlets to advertise your home, do the following to help ensure success:</p> <ul> <li>Pick a selling strategy. Think through the marketing of your house. Besides a sign in the yard, what else can you do to get the word out? Many online listing services are free or very cheap where they can promote your house for you.</li> <li>Set an attractive price. Do your homework on how to price your house. Start looking at values in your neighborhood for comparable houses. Also, look at the price of similar houses for sale (called "comparables" or "comps"). Think about what you really need to get out of the house, and put together a competitive price. The more attractive the price, the quicker you will sell it.</li> <li>Be flexible with showing. Be willing to let potential buyers see your house at their schedule. This may require some juggling and preparation on your part, but if you want the maximum number of eyeballs looking at your property this is an easy strategy.</li> <li>Set a pricing deadline. If you have a really competitive price, put a deadline on the price. This creates a sense of demand and urgency among potential buyers. You will receive offers and inquirers with this strategy.</li> <li>Talk to your neighbors. You may be surprised how much they can help. They may have family or friends who would like to move close. Selling your house could be an opportunity for them, and they will spread the word.</li> </ul> <p style="text-align: center;"><img alt="Sell a house fast open house" class="img-fluid" src="https://sleeveuphomes.com/img/open-house-1.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Plan for an open house before you list your home.</em></p> <h2 class="mb-4">Use an Aggressive Real Estate Agent who can Find Hungry Buyers</h2> <p class="mb-4">If you don’t want to squeeze every dollar from the sale of your house, using a real estate agent might be a good option. It won’t be an instant sale, but if you have a great agent that markets effectively, you can have your home sold in 30-60 days.</p> <p class="mb-4">30-60 days would be amazing because the average time to sell a home in Southern California is 85 days. Unfortunately, you get what you pay for. Most realtors charge 3% of the sale price as their commission. You may have to throw in extras for the buyer.</p> <p class="mb-4">This could mean costs of repairs, paying points on a loan, throwing in a warranty policy, among other items. Also, to get the best realtor that’s in high demand, you may have to pay more than 3%. Some of the most aggressive agents in the business can charge up to 5%+ in commission to move your house quickly.</p> <p class="mb-4">Depending on your situation, that may be worth it. But for many people that need to sell fast, that extra money is needed to clear debt or move on to greener pasture without the heavy weight of their property.</p> <h2 class="mb-4">Find Someone Who Makes it Their Job to Buy Houses</h2> <p class="mb-4">You may have read through this list and gotten excited about the potential of selling your house. You have your strategy and you are ready to go. Conversely, you may be overwhelmed at the time and the potential cost you may incur to sell.</p> <p class="mb-4">You just want to get out. You don’t want to fix up the house. You don’t want to answer hundreds of phone calls. You don’t want people walking through your house at all hours of the day. If that’s your situation, then SleeveUp Homes can help you.</p> <p class="mb-4">SleeveUp Homes has been in the rental property business for years, and we purchase properties from distressed homeowners. <a href="https://sleeveuphomes.com/about">We’re not realtors or wholesalers</a>, we buy direct from you and give you the fairest possible price for your property.</p> <p class="mb-4">If you don’t want to go through the process of selling your home and you want to avoid the real estate wholesalers, SleeveUp Homes can help. If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get a cash offer.</p>
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            • autor_nameSleeveUp Homes
            • titleOptions If You’re Behind on Mortgage Payments
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments" }, "headline": "How to Avoid Foreclosure If You’re Behind on Mortgage Payments", "description": "If you’re behind on mortgage payments, don’t give up and go into foreclosure. We’ll show you some options for how to avoid foreclosure.", "image": "https://sleeveuphomes.com/files/blog/3a1f4af0-9529-4fdb-9112-db20fc3ee5fe_foreclosure-0.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-04-11", "dateModified": "2021-04-11" } </script> <p class="mb-4">2020 was a difficult year for many. With the COVID pandemic resulting in significant job losses, foreclosures on homes rose. According to analyst <a href="https://www.blackknightinc.com/black-knights-first-look-at-september-2020-mortgage-data/" rel="nofollow">Black Knight</a>, foreclosures are on the rise. Take a look at some of their data points:</p> <ul> <li>The number of seriously delinquent mortgages (90+ days) fell by 43,000 in September, marking the first such improvement in serious delinquencies since the start of the pandemic.</li> <li>More than 2.3 million homeowners – five times the number entering 2020 – remain 90 or more days past due, but not in foreclosure.</li> </ul> <p class="mb-4">Things have been improving since September 2020, as shown in the graphs below. Even though people are getting back to work and things are getting better, you may be one of the people that is feeling a pinch if you’re behind on mortgage payments. Maybe you are not 90 days behind, but being even a month or two behind can be worrisome.</p> <p style="text-align: center;"><img alt="Foreclosure" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-sleeveup-3.jpg" /></p> <p style="text-align: center;"><em>US housing and foreclosure data since September 2020. Source: <a href="https://www.blackknightinc.com/black-knights-first-look-at-september-2020-mortgage-data/" rel="nofollow">Black Knight</a>.</em></p> <p class="mb-4">It’s easy to feel embarrassed when you fall behind on your home. The fear of losing the place you live is overwhelming. Being behind on mortgage payments doesn’t have to be the end of the world. There are many things you can do today to save your home or pull yourself out of a financial black hole.</p> <p class="mb-4">In this article, we will review how to avoid foreclosure and all the options you have. You may be surprised when you see what is available, and what you can do to get out from under months of unpaid bills.</p> <h2 class="mb-4">Take Action on Your Mortgage Payments</h2> <p class="mb-4">The most important thing you can do is to take action. Do not ignore the problem. You can’t hide from the phone calls and letters from your mortgage company forever.</p> <h3 class="mb-4">Don’t Let Your Credit Take a Hit</h3> <p class="mb-4">Every month you fall behind, your credit score takes a hit. One late month can send your score down by up to 100 points. It can take years to rebuild your credit, and this will make purchasing a future home or vehicle very difficult. If you continue to ignore attempts from the mortgage company to contact you, they can foreclose on the home. This will result in you losing your home, and it can cause long-term credit problems.</p> <h3 class="mb-4">Bankruptcy Is a Last Resort</h3> <p class="mb-4">Many people think bankruptcy is the answer. This will make life more difficult. It will linger on your credit report for up to 10 years. Getting another mortgage, vehicle, or credit card will be nearly impossible.</p> <p class="mb-4">If all these consequences sound scary, they are meant to spur you into action. Do not wait. Begin by reaching out to your lender or financial advisor. You may have more options than you think.</p> <h2 class="mb-4">Beware of Mortgage Scams</h2> <p class="mb-4">Before we begin with all your options, you need to be aware that there are a multitude of scams related to delinquent mortgages. Falling for one of these scams is worse than the damage of a foreclosure. As soon as you fall behind on your mortgage, your name finds its way to lists that are purchased by people who often prey upon those having financial difficulties.</p> <p class="mb-4">There is already a good chance you have been bombarded by letters and phone calls offering help. If these letters are not from your mortgage company. You need to avoid them. You will see offers for mortgage relief and loan modifications. You will even see letters from attorneys offering to help you file bankruptcy and negotiating with lenders. Beware these offers.</p> <p class="mb-4">The fees related to these services can total from a few hundred dollars to over a thousand dollars. There is nothing they can do for you that you can not do for yourself by reaching out to your lender. Before you take any specific action, talk to your lender.</p> <p style="text-align: center;"><img alt="Young Married Couple" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-sleeveup-3.jpg" /></p> <p style="text-align: center;"><em>It’s in yours and your lender’s best interests to avoid foreclosure if you’re behind on mortgage payments.</em></p> <h2 class="mb-4">Options When You Fall Behind on Mortgage Payments</h2> <h3 class="mb-4">Talk with a Financial Advisor</h3> <p class="mb-4">If you have only recently gotten behind on your mortgage, things may not be as dire as you imagine. One quick step is to get financial advice. Many communities have free resources to help people with budgeting and managing their money. Working with someone with experience helping people manage their money, may reveal you have more coming in than you realized.</p> <p class="mb-4">Don’t fall for the advisors that market to you. Contact local non-profit services or even government agencies. They can point you in the right direction. Getting a handle on your spending and monitoring every dollar may be enough to get back to even with your mortgage. Also, taking these financial steps will give you a case for help when you reach out to your mortgage company for assistance.</p> <h3 class="mb-4">Contact Your Mortgage Lender</h3> <p class="mb-4">We mentioned this before. It is the most important action you can take. It is easy to get angry with the bank when you fall behind. You assume they are out for you when they continually contact you by phone or mail.</p> <p class="mb-4">However, look at the situation from their perspective. They want to avoid foreclosure as much as you do. Foreclosures are costly for lenders. They usually will lose money, and it’s difficult for them to sell your home should they complete the foreclosure process. They want you back on track.</p> <h3 class="mb-4">Research Homeowner Assistance Options</h3> <p class="mb-4">When you speak with your lender, there will be several options they will give you. But there is research you can do while they prepare options for you.</p> <ul> <li>If you have an <a href="https://sleeveuphomes.com/rehab-loan">FHA loan</a>, contact the <a href="https://www.hud.gov/program_offices/housing/sfh/nsc" rel="nofollow">FHA’s National Servicing Center</a>. The FHA will inform you all the current program available to you.</li> <li>If you have a conventional loan, visit the US Dept of Housing and Urban Development’s website. There are HUD-approved foreclosure-avoidance counselors in each state. For California, you can <a href="https://apps.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?&webListAction=search&searchstate=CA" rel="nofollow">click here to find approved HUD counselors throughout California</a>.</li> <li>If you have any US Military experience, you may have a VA loan. For VA loans, you can contact the US Department of Veteran Affairs to discuss your options.</li> <li>Lastly, there are national options providing by the federal government through their Making Home Affordable program.</li> </ul> <p class="mb-4">Again keep your eye out for scams, and make sure you are speaking with federal or state approved counselors. Don’t pay someone to help you take advantage of a state or federal program on your behalf, these government offices will help you for free.</p> <h3 class="mb-4">Military Options</h3> <p class="mb-4">The VA programs mentioned earlier are specific for veterans. There are programs to help with mortgage assistance for active service members. Service members do have protection against foreclosure for 12 months after termination of duty as well.</p> <p class="mb-4">To be eligible for help, you need one of the following criteria:</p> <ul> <li>Have received Permanent Change of Station (PCS) orders</li> <li>Currently active duty or recently left</li> <li>You or your spouse have been injured in active duty</li> </ul> <p class="mb-4">To access these resources, contact <a href="https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Part-D-Providing-Solutions-to-a-Borrower/Subpart-D2-Assisting-a-Borrower-Who-is-Facing-Default-or/Chapter-D2-3-Fannie-Mae-s-Home-Retention-and-Liquidation/Section-D2-3-4-Other-Workout-Options-to-Assist-a-Borrower/D2-3-4-01-Military-Indulgence-/1042552611/D2-3-4-01-Military-Indulgence-06-13-2018.htm?touchpoint=guide" rel="nofollow">Fannie Mae</a> at 800-2FANNIE. Make sure to tell them you are in the military.</p> <p style="text-align: center;"><img alt="A Man Working in the Military and his Family" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-sleeveup-4.jpg" /></p> <p style="text-align: center;"><em>There are free resources to help military families avoid foreclosure.</em></p> <h3 class="mb-4">Reinstatement & Forbearance</h3> <p class="mb-4">Once you begin talking with your lender, one option they will offer is reinstatement and forbearance. This means they will temporarily reduce or even suspend your monthly payment. The unpaid portion of the mortgage does not disappear. At the end of the period, you still owe them the outstanding balance in a lump sum. There are two good reasons to do this:</p> <ul> <li>The forbearance period may give you enough time to collect the necessary resources or find other options. It will give you breathing room, so you aren’t constantly living under anxiety over unpaid bills.</li> <li>The other benefit is that it will not damage your credit report because you made the extra effort to work with your lender.</li> </ul> <p class="mb-4">This is a great option for people facing a temporary crisis, like unemployment or sizable medical bills. This option also works best for people who feel they will have the financial resources to repay the outstanding mortgage balance at the end of the forbearance.</p> <h3 class="mb-4">Negotiate a Payment Plan</h3> <p class="mb-4">You can negotiate a payment plan with your lender to help you catch up on payments you may have missed. For example, if a job loss caused the missed payments, but you have recently become employed again, you are a great candidate for this option.</p> <p class="mb-4">The mortgage company can spread the balance of the mortgage for up to 6 months. Once you are caught up you will start making your regular mortgage payments again. The mortgage company will ask for proof of income and use those numbers to establish the payment plan.</p> <h3 class="mb-4">Loan Modification</h3> <p class="mb-4">If you can’t catch up through paying extra on a payment plan, you still have options through a loan modification. If you have steady income, but not enough to pay past balances, many lenders will agree to modify the loan to avoid foreclosure. These can vary widely depending on your lender, but you will find that lenders are open to these options especially due to the COVID-19 pandemic.</p> <p class="mb-4">Here are several of the options your lender may offer you:</p> <ul> <li><strong>Forbear a portion of the principal:</strong> The mortgage company will re-amortize the loan by basing a lower monthly payment on a lower principal than you actually owe. The remaining portion of the principal does not disappear. You will still need to pay it back as a lump-sum balloon payment over an agreed time frame. This is similar to the way a reinstatement or forbearance works.</li> <li><strong>Extend the balance into your principal:</strong> By doing this, the lender moves the amount you owe at as additional principal at the end of the loan.</li> <li><strong>Interest rate reduction:</strong> Imagine you closed at a higher interest than is currently available today. The lender can reduce the interest rate, which will in turn reduce your monthly mortgage payment.</li> <li><strong>Re-amortize the loan:</strong> The lender can stretch out the loan term over a longer period to reduce the monthly payment. Let’s say today your loan has 25 years remaining. The lender could reamortize the current balance over 30 years reducing the monthly payment.</li> <li><strong>Convert your loan:</strong> Perhaps you took out the loan via a variable interest rate, lenders can change it to a more affordable fixed interest rate.</li> </ul> <p class="mb-4">When you discuss these options with your lender, you will need to be prepared to provide income statements and pay stubs. This helps them determine which plan is most suitable to your situation. One benefit of this route is that loan modification programs don’t incur closing costs like a refinancing. However, you might consider pursuing refinancing if the current market interest rates are lower than the interest rate under your original mortgage.</p> <h3 class="mb-4">Refinance</h3> <p class="mb-4">If rates have dropped significantly since you have taken out your original loan, and your credit has not suffered too much damage, refinancing the loan could be a great option.</p> <p class="mb-4">The process is similar to the original loan closing you went through when you purchased your home. You do have to pay all new title fees, attorney fees, and other closing fees. The fees can add up to thousands of dollars, however, they can be added to your new principal balance which will be reflected in your monthly payment.</p> <p class="mb-4">Make sure to have the lender fully explain all these details, and discuss how your monthly payments will be impacted. If you still have income and haven’t fallen too far behind on your mortgage, then this could be a great option.</p> <p class="mb-4">If you currently have an FHA loan, you may be able to refinance without the fees you would have in a conventional loan as well.</p> <h3 class="mb-4">Principal Reduction</h3> <p class="mb-4">This may sound impossible, but there are circumstances where the lender can actually reduce the principal on the loan. This is based on various underwriting models with the lender and the value of your home. In particular, if the value of your home has decreased due to economic forces, this might be an option. During the financial crisis of 2008, many homeowners were able to use this option. The numbers have to work out for the lender to consider this option, but it is still worth discussing with your lender.</p> <h3 class="mb-4">Lower Your Escrows</h3> <p class="mb-4">Most homeowners will add other bills to their mortgage payment through an escrow. Lenders often encourage this. Bills such as property taxes, insurance, and homeowners association fees can be escrowed and added to your monthly payment. Note that this is standard practice with property taxes and mortgage insurance.</p> <p class="mb-4">You may currently have many of those items in your current bill, and you may not even realize it. You may have forgotten about them. Reducing any of these payments will lower your monthly mortgage payment. Make sure to examine all the costs built into your mortgage payment. You may find ways to significantly reduce your monthly expense due to those costs.</p> <h3 class="mb-4">Appeal Your Tax Assessment</h3> <p class="mb-4">One of those costs that is often put into escrow and included in your monthly payments is your property tax bill. It’s not uncommon for tax assessors to overestimate a property’s value.</p> <p class="mb-4">You don’t have take their word as final.</p> <p class="mb-4">If you contact your local property tax assessor, you can learn about the appeal process in your locality. There may be time restrictions based on the last assessment, but it is worth looking into the details. Some municipalities make it easier than others by allowing online appeals. Others require detailed documentation. It’s worth looking into the process because lowering your tax bill will help you lower your monthly payment.</p> <h3 class="mb-4">Request a Tax Abatement</h3> <p class="mb-4">The other option for lowering your taxes is a tax abatement. If you are at the risk of foreclosure, you may qualify. A tax abatement is a temporary suspension or reduction in property taxes. Local municipalities will offer them for many reasons. You will need to contact your local tax assessor to find the qualifications. Seniors often will qualify because there are specific programs designed for them to stay in their current house.</p> <p style="text-align: center;"><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-sleeveup.jpg" /></p> <p style="text-align: center;"><em>Senior citizens may be able to access programs to help them stay in their homes.</em></p> <h3 class="mb-4">Remove PMI</h3> <p class="mb-4">PMI is another cost that is built into your mortgage payment. PMI stands for private mortgage insurance. It is insurance that protects the lender against you defaulting on your loan. It can be costly and often adds hundreds of dollars to your monthly payment.</p> <p class="mb-4">PMI is based on your loan balance. If your loan balance is below 80% of the property’s value, then you can request that the lender remove the PMI. There is a catch. If you have fallen behind on your payments, many lenders are reticent against removing PMI because it provides a layer of protection for them if you do default. FHA loans will not allow you to remove PMI.</p> <p class="mb-4">If you’re feeling a financial pinch and haven’t fallen too far behind, it is worth having a conversation with your mortgage company about removing PMI from your mortgage payment.</p> <h3 class="mb-4">Negotiate a Plan with Your HOA</h3> <p class="mb-4">Homeowner association (HOA) dues add further to you monthly housing costs, and are often escrowed into your payments. If they are in your escrow, you can remove them, and pay directly to your HOA.</p> <p class="mb-4">This won’t remove the payment, but will allow you some time to discuss with your association. While it may be difficult, you can approach your HOA and explain your situation and work out a plan.</p> <p class="mb-4">Your association does not want you to foreclose and they do not want to put a lien against your property for past dues. Because of these facts, they may offer to work with you if you are open and honest with them.</p> <h3 class="mb-4">Negotiate a Short Sale</h3> <p class="mb-4">If you feel that you are too far behind on your payments, and you don’t see a way you could get current with the options mentioned above, these next several options may help.</p> <p class="mb-4">If you are ready to move on and remove yourself of the burden of your home, you have the option to <a href="https://sleeveuphomes.com/how-to-sell-your-own-home">sell your home on your own</a>. However, many homeowners find themselves in a situation where they owe more than the home is worth, and there is no way market prices will cover the outstanding principle.</p> <p class="mb-4">If this is the case, many lenders will allow a short sale. They will agree to receive a lower payoff on the home at closing than what you actually owe in the principal balance. Lenders tend to prefer this over a foreclosure.</p> <p class="mb-4">Keep this option at the bottom of your list. The process can be cumbersome, and many lenders require an abundance of documentation. They will make sure to verify the value of your home.</p> <h3 class="mb-4">Deed in Lieu of Foreclosure</h3> <p class="mb-4">This is another option if you realize you aren’t able to afford your home and need to move on. You can sign over the home to the lender to avoid the foreclosure market. It is less time consuming and gives you a clean way out of the mortgage.</p> <p class="mb-4">This should be a last option. You aren’t totally free of consequences and it isn’t always as simple as it sounds. Banks would rather lend money rather than enter the real estate market. Because of this, many lenders will not consider this option. Also there will be an impact to your credit, similar to that of a foreclosure.</p> <h2 class="mb-4">Consider Selling Your Home</h2> <p class="mb-4">This may be an option you should consider. Especially if your home has become a significant burden financially. Sometimes it is just easier to be free and start over. You have a few options to consider when selling your house:</p> <h3 class="”mb-4”">Sell with A Realtor</h3> <p class="mb-4">There can be advantages to this option. If your home is in great condition and you are in a desirable area, a realtor may be able to market and sell your house quickly, even if it’s <a href="https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure">already in danger of foreclosure</a>.</p> <p class="mb-4">The problem is that most traditional sales don’t go quickly. Between home inspections, home appraisals, holding open houses, negotiating offers, and applying repairs, the sales process could extend beyond 90 days. During that time, you’ll continue to get deeper in arrears with your lender. That money will need to come out of the sales price of the home. Also, with a realtor you will have to pay a commission and other fees. The buyer may also ask for concessions.</p> <h3 class="”mb-4”">Sell On Your Own</h3> <p class="mb-4">This is an option, but sellers run into many of the same problems as they have with a realtor. You will save on commission, but you will need to market the house aggressively, and you’ll need to make the home ready to show. If any repairs are needed, you will have to put up the money to make the repairs, otherwise you’ll be forced to mark down the home price substantially.</p> <p style="text-align: center;"><img alt="House For Sale by Owner" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-sleveeup-2.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Selling your own home is difficult, but you can avoid foreclosure, commissions, and some fees.</em></p> <p class="mb-4">Do your research into the value of homes in your area. Don’t just look at prices of homes on the market. Look at the prices that homes have sold for that are similar to yours. Deduct any repair costs and compare that to what you owe. This will help you analyze if this is a good move.</p> <h3 class="”mb-4”">Sell to an Investor</h3> <p class="mb-4">This will be the fastest option for selling your home and it gives distressed homeowners a number of benefits:</p> <ul> <li>If you sell to the right investor, you can <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">cut out the wholesalers</a> and you’ll be selling directly to the end buyer.</li> <li>Investors can act quickly because they have cash.</li> <li>Some investors are brokers, meaning you won’t have to pay closing costs or commissions.</li> <li>Some investors will buy houses regardless of condition. This means your home won’t need to pass inspection, and there won’t be any home showings. You won’t have to do any repairs for the home either.</li> </ul> <p class="mb-4">We have presented a number of options for you in this article that will help if you are behind on mortgage payments. Things may not be as dire as you imagined. The best advice is to take action and come up with a plan.</p> <p class="mb-4">If you do decide to consider selling, let us know. We buy properties throughout Southern California. We are investors with no middle men involved. We have the highest offers among California investors and can close quickly.</p> <p class="mb-4">SleeveUp Homes has been in the rental property business for years, and we know how to avoid foreclosure, especially if you’re a distressed homeowner who is behind on mortgage payments. <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">We’re not realtors or wholesalers</a>, we buy direct from you and give you the fairest possible price for your property. If you don’t want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers so that we can pay top dollar for your house regardless of its condition.</p> <p class="mb-4">If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • keywordsIf you’re behind on mortgage payments, don’t give up and go into foreclosure. We’ll show you some options for how to avoid foreclosure.
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            • autor_nameSleeveUp Homes
            • titleHow to Sell a House Without a Realtor
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor" }, "headline": "How to Sell a House Without a Realtor", "description": "Learn all about how to sell a house without a realtor, what the difficulties of selling on your own are, and how you can get the highest price", "image": "https://sleeveuphomes.com/files/blog/319ed6fa-9545-4959-a360-2b6676efdec6_no-realtor-1.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-04-29", "dateModified": "2021-04-29" } </script> <p class="mb-4">When you need to sell your house, you either want to do it fast or you want to avoid fees and realtor commission. If your goal is avoiding fees, you’re probably thinking about listing your home as “for sale by owner”, or sometimes referred to as “FSBO.” You may have also had a bad experience with a realtor and you’re opting to sell on your own.</p> <p class="mb-4">Selling your house by owner can be a good strategy if you have some experience, but there are pitfalls. In this article, we’ll give you some tips on how to sell your house without a realtor. We will also address the pros and cons, and we’ll give you some tips on selling your house in as little as 7 days.</p> <h2 class="mb-4">Benefits of Listing a Home "For Sale By Owner"</h2> <p class="mb-4">There are some good reasons you might want to try and sell your home on your own. This often happens with distressed properties, inherited properties, and homes that need some renovations. Realtors may not find it profitable to try and list these properties, and you might not have any choice but to explore alternative options. Here are some common reasons sellers might want to try selling their own property.</p> <h3>Avoid Real Estate Agents</h3> <p class="mb-4">This is the number one reason people choose to sale by owner. Real Estate agents take anywhere from 3-6% commission when selling a house. That can add up, and if you are trying to squeeze out ever dollar from your property, not having to pay those commissions can give you more room to negotiate. For example, if you sold your house for $200,000 using a real estate agent, you could expect to pay anywhere from $6,000 to $12,000. Many times that could be your negotiating margin.</p> <h3>Quick Sale</h3> <p class="mb-4">Real estate agents are sometimes busy managing multiple listings, which slows down the sales and closing process. On average it could take 60 or longer days to get a house <a href="https://sleeveuphomes.com/under-contract-in-real-estate">under contract</a>, complete repairs, pass inspection, get to closing, and move into the home. You may have some skills in marketing and feel you can find a buyer much quicker than an agent. If you are aggressive with pricing and marketing, you might be able to <a href="https://sleeveuphomes.com/how-to-sell-your-own-home">close much faster than the average realtor</a>.</p> <h3>Control</h3> <p class="mb-4">Realtors tend to not want to work with the type of seller that wants to control the marketing, negotiating, and closing process. You want control of the process. You like negotiating. You want to schedule the showings. You want to be in control of the open houses and where you market your house. If you like controlling the transaction process from start to finish, then selling your own home might be your best bet.</p> <p class="mb-4" style="text-align: center;"><img alt="People Make a Deal to Sell the House" class="img-fluid" src="https://sleeveuphomes.com/img/how-to-sell-a-house-without-realtor-3.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Experienced sellers can take control over the negotiation and sales process when selling their own home.</em></p> <h2 class="mb-4">Problems to Overcome with For Sale By Owners</h2> <p class="mb-4">If you think you’re prepared to sell your own home, be careful as there are some potential problems involved.</p> <h3>Buyer Trust</h3> <p class="mb-4">Buyers don’t often trust For Sale Buy Owner properties, and this is a hurdle you will need to overcome. Many buyers assume something might be wrong with the house. They will also assume it is overpriced, because sometimes it is. Many sellers will try running cost comparisons on their home, but they will only look at comparable for-sale prices and not the actual sold price. Buyers assume the negotiation strategy on the home could be arduous because there is no mediator.</p> <h3>Dealing with Real Estate Agents</h3> <p class="mb-4">Just because you are selling your house without an agent does not mean an agent won’t insert themselves in the process. The buyer could have a buyer’s agent represent them in the transaction, and you need to be prepared to deal with a real estate professional. The agent will ask you to cooperate by directly paying them commission. This is usually 3% commission. You can choose not to work with a buyer’s agent, but there is a big risk of reducing your buyer pool.</p> <h3>Pricing Your For Sale By Owner</h3> <p class="mb-4">To attract buyers, you will need a competitive price on your home. Do your analysis to determine the most attractive price. There are two ways you can do this. First, you can look at the prices of what is for sale in your market, but look also at the price similar homes have sold for. You want to be lower than comparable houses and closer to the price of the homes sold.</p> <p class="mb-4">Running comparables is easier than it has ever been before. You can visit sites like Trulia or Zillow to determine an approximate market valuation for your property. You can also look at what has sold in your area on these sites. Find as many properties as possible that are close in size and geography to your own house and come up with an average sale price. The more competitive you price your for sale by owner, the more buyers you will attract.</p> <h3>Marketing</h3> <p class="mb-4">You will need to do some marketing. Putting a sign in your front yard or sticking an ad in a flyer won’t drive people to your home. You will need to be creative on how you can get your house in front of buyers.</p> <p class="mb-4">Signs and ads are excellent, but you can’t stop there. You will need to put your house on web listings if you want to get the most attention. You can also do direct mail. This is a little trickier because you will need the best lists to mail to. Finding <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">real estate investors</a> is also a good choices they may give you an offer on the spot.</p> <p class="mb-4">There are some other resources available to help you sell your home without a real estate agent:</p> <ul> <li>If you are in an HOA, they may have resources as well to advertise your house.</li> <li>Social media sites like Nextdoor and Facebook will allow you to advertise your property as well.</li> <li>Make sure you are holding open houses, so people can touch and feel and see your house up close.</li> </ul> <h3>Stage and Prepare Your House</h3> <p class="mb-4">You want buyers looking at your house. You can do some simple research online on how to stage your house to make it more attractive. Make sure it has curb appeal. If you have any extra money to spend on the house. Cleaning up and beautifying the landscape in front of the house is the best money spent.</p> <p class="mb-4">Make sure there are no obvious repairs needed and remove any clutter from the house. Many sellers will rent storage space to remove clutter from the home. You want it to look open and clean. Painting the house with fresh neutral colors is another good investment that can add plenty of additional value.</p> <p class="mb-4" style="text-align: center;"><img alt="Living Room Interior" class="img-fluid" src="https://sleeveuphomes.com/img/how-to-sell-a-house-without-realtor-2.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>A beautifully staged home can push buyers into a contract.</em></p> <h3>Costs of Selling Your Own Home</h3> <p class="mb-4">Just because you’re selling your home without a realtor doesn’t mean you get to avoid all the costs involved. Yes, you will save on realtor commission by selling your house by yourself, but there are still costs. Most of these costs will come from marketing, but you will still have some closing and legal costs in selling your house.</p> <p class="mb-4">Just like with the standard home sales process, you will need to arrange for an attorney or a title company to act as the escrow agent and hold earnest money from the buyer until closing. There will still be a closing costs and a closing date to think about, and you’ll need to do a lot of work on your own to close in a reasonable amount of time.</p> <h2 class="mb-4">Where to List a Home "For Sale By Owner"</h2> <p class="mb-4">Because you are not using a realtor, you won’t have access to the MLS. This is the site where realtors list their properties for sale. It’s the easiest way to get buyers to see your house. However, technology has made it much easier to list your home and bypass the MLS. These sites offer the ability for For Sale By Owners to list their properties. Some change a small fee, while others are free but you can boost the post by paying extra.</p> <p class="mb-4">Make sure you take good pictures of the house that you can upload to these sites. It may pay to hire a photographer to do this for you or find a friend with good photography skills.</p> <ul> <li><strong>ZIllow</strong> Zillow is free and you can upload photos and manage your property from almost any device. Zillow also gives you a Zestimate on the value of your property using their propriety formula.</li> <br /> <li><strong>Trulia</strong> Trulia is very similar to Zillow (because they are partners). What is unique about Trulia is that you can categorize your house to attract buyers who are looking for very specific properties. This allows you to make your home stand out about your competitors in the market.</li> <br /> <li><strong>FSBO.com</strong> FSBO is the grandaddy of For Sale By Owner sites. It has been around for more than 20 years. There is a cost to FSBO to list your house and depending on the package you choose they can distribute to the MLS and other sites. If you are trying to completely realtor free this option may not be for you. There is a set 2% realtor commission fee built into the site.</li> <li>br /></li> <li><strong>HomeFinder</strong> HomeFinder wins because of its simplicity to use. There is a cost to use the site, but they provide paper marketing along with their web listings. The real downside with HomeFinder is lack of traffic. They generate lower traffic numbers than the other sites in this list.</li> <br /> <li><strong>For Sale By Owner</strong> For Sale By Owner is backed by the Tribune Publishing Company, and has been around since 1999. There is a cost to use their site, but it comes with a 14-day trial. After the trial their are multiple packages you can pick from that will help market the house for you.</li> <br /> <li><strong>Houzeo</strong> Houzeo is a newcomer to the market and claims to be the “Most Advanced For Sale By Owner Platform”. Houzeo does provide access to over 160 Million potential buyers. You can access the MLS through their site. It even allows you to set a buyer’s commission for potential realtors that might come across your property. There is a cost to Houzeo but based on what they offer you may find it more affordable than other paid services.</li> <br /> <li><strong>Fizber</strong> Fizber is similar to Houzeo and claims to have the most advanced online marketing system to promote your property. They will syndicate your property to MLS and other online sites. Like Houzeo you can set agent commissions. The fee tends to be higher but if you are tech savvy this is worth checking out.</li> <br /> <li><strong>Craigslist</strong> You may think of Craigslist as only an online yard sale or eBay alternative, but you can list your house there and it’s free. It may not get as many viewers as the other sites, but people do find and buy homes off of Craigslist.</li> </ul> <p class="mb-4" style="text-align: center;"><img alt="Sell a House Without Realtor" class="img-fluid" src="https://sleeveuphomes.com/img/how-to-sell-a-house-without-realtor-1.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Several websites will let you list your home and can help you attract buyers.</em></p> <h2 class="mb-4">How to Sell Your House Without a Realtor</h2> <p class="mb-4">Learning how to sell your own home is difficult and it carries plenty of risk. It can also be a stressful experience if you’ve never done it before. After reading through these tips, you may be thinking:</p> <p>“This seems like too much work.” “I don’t have the time.” “I don’t want to fix up my house.” “I don’t have the extra cash to spend.” “I just want to sell fast.”</p> <p class="mb-4">If this is how you feel, there is one quick and easy way to sell your house. Go directly to someone who buys homes everyday. We’re not talking about the “We Buy Ugly Homes” wholesalers, go to a company that handles all aspects of the process directly.</p> <p class="mb-4">SleeveUp Homes has been in the rental property business for years, and we know how to avoid foreclosure, especially if you’re a distressed homeowner who is <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">behind on mortgage payments</a>. <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">We’re not realtors or wholesalers</a>, we buy direct from you and give you the fairest possible price for your property. If you don’t want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers so that we can pay top dollar for your house regardless of its condition.</p> <p class="mb-4">If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • titleHow To Get a Cash Offer For My House?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-get-cash-offers-for-my-house-and-is-accepting-a-wise-move" }, "headline": "How To Get Cash Offers For My House and Is Accepting a Wise Move?", "description": "An all-cash sale of your house sounds enticing, but you shouldn’t rush it. We explain how to get cash offers and the factors to consider before you accept.", "image": "https://sleeveuphomes.com/files/blog/b29808dc-d7f5-4d73-8de5-733e846b3774_cash-offers.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-09", "dateModified": "2021-08-09" } </script> <p class="mb-4">Getting a fair cash offer for your house is an enticing prospect. There is less of a chance of the deal falling through because your potential buyer could not get a mortgage loan and the entire process is much faster. However, as most real estate agents and investors know that you are looking for cash offers, do not be surprised if they try to low ball you.</p> <p class="mb-4">That’s not to say that you shouldn’t look to get a cash offer on your house, just that you should be aware of who you are selling to. The first offer you get isn’t necessarily the best one. In this article we’ll cover the advantages of cash offers and how to get a fair one, but first, let’s cover the basics.</p> <h2 class="mb-4">What Is a Cash Offer On a House?</h2> <p class="mb-4">The answer to the question – what is a cash offer on a house – is straightforward. Your potential buyer is offering to buy your property for cash without any type of financing, such as a mortgage, involved.</p> <h2 class="mb-4">The Advantages of a Cash Offer</h2> <p class="mb-4">The two primary advantages to a cash offer are: 1) the deal can’t fall through because of buyer financing; and 2) you usually close faster. The first advantage is obvious – the buyer has the cash on hand and doesn’t have to get a loan from a bank or other lender. If you come to an agreement, there’s no outside influence that can make the deal fail.</p> <p class="mb-4">The other advantage is the closing time. For financed purchases, you can expect the closing time to be at least thirty days to upwards of a month and a half away. For cash offers, you can close in as little as in a week with the right buyer.</p> <p class="mb-4">Additionally, for a buyer to get a loan, they will usually need to do a lender-mandated appraisal of your house. This can be a lengthy process that will extend the closing time. With a cash offer, it’s up to your buyer whether they want an appraisal done or not. If they do, it will usually be done quickly, as they have no interest in delaying the process.</p> <p class="mb-4"><img alt="Cash Offers" class="img-fluid" src="https://sleeveuphomes.com/img/cash-offers-sleeveup.jpg" /></p> <h2 class="mb-4">How Common Are They?</h2> <p class="mb-4">It may be surprising, but cash offers are not that uncommon. Data regarding all-cash sales is hard to gather, so the numbers are not 100% accurate, but in the early years of the 2010s, all-cash offers made up around 30% of all purchases in California. According to most estimates, that number has gone down lately, but it’s still not that unlikely that you’ll get a cash offer.</p> <h2 class="mb-4">Which Buyers Will Offer Cash for a House?</h2> <p class="mb-4">Some of the most common buyers are real estate investors, private individuals who have sold their previous property and are looking to buy a new house, and retirees tapping into their savings accounts.</p> <p class="mb-4">The issue with the first group is that they are looking to buy your house and quickly flip it. This means that they will push you as low as they possibly can so that they can turn a profit. The issue with the second and third groups is that they are often looking for something ‘perfect’, which makes it hard for them to commit.</p> <p class="mb-4">However, a <a hrefs="”https://sleeveuphomes.com/about”">restoration company</a> will buy your house in order to restore it, not flip it, and they don’t stress over repairs that need to be done, as a private buyer would. Because they cut out the middlemen and there are no commissions or fees involved, you can get a fair deal, regardless of the state your house is in.</p> <h3 class="mb-4">Does Your House Need to Be In Perfect Shape to Get a Cash Offer?</h3> <p class="mb-4">Not necessarily. However, investors will lower their offer for any small repairs (not to mention large ones) that need to be made, while private buyers may not want to invest the time, effort, and money needed to get the house in order. If you are looking to sell a distressed property, selling to a restoration company may be your best course of action.</p> <h2 class="mb-4">Is It Wise to Accept a Cash Offer?</h2> <p class="mb-4">Yes, but under two conditions. First, negotiate a fair deal and don’t let the prospect of having cash in hand force you to make concessions you shouldn’t. Second, make sure the buyer has the money. Requesting your buyer to provide a proof of funds letter from their bank is a simple solution.</p> <h2 class="mb-4">Request a Cash Offer</h2> <p class="mb-4">You can contact SleeveUp Homes and <a hrefs="”https://sleeveuphomes.com/request-offer?”">request a cash offer</a>. SleeveUp Homes buys and restores distressed properties in Southern California, sparing you from having to make any repairs or dealing with realtors, all the while helping the community grow and helping a new family find a home.</p> <p class="mb-4">SleeveUp Homes works with all types of homeowners, including distressed property owners and inheritors. <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">We’re not realtors or wholesalers</a>, we buy direct from you and we can give you a cash offer for your property. If you don’t want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and <a href="https://sleeveuphomes.com/rehab-loan">rehab</a> homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers so that we can pay top dollar for your house regardless of its condition.</p> <p class="mb-4">If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house" }, "headline": "What Is the Best Month To Sell a House?", "description": "Seasonality plays a large part in real estate. If you wish to know what the best month to sell a house is, get the highest price, and close fast, read on.", "image": "https://sleeveuphomes.com/files/blog/c765b578-87f7…-9db1-d5ae95117167_best-month-to-sell-a-house.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-31", "dateModified": "2021-08-31" } </script> <p class="mb-4">Since selling a home depends on the locality and a multitude of market conditions and factors; there’s no one best time of year to sell a house. Plus, it’s also worth considering what aspect of the sale you want to maximize – do you want to sell fast, high, or are you going for an optimal combination of these two? That being said, seasonality definitely plays a part in selling your home.</p> <p class="mb-4"><strong>Seasonal trends are easily observable, as are the specific months when putting a house on the market will work in your favor</strong>. And that’s what will be covered in this article – the best time of year to sell a house, narrowing down the specific months, which aspect of the sale will be optimized, and some heads up on which months you should avoid.</p> <p class="mb-4">Let’s dive right in!</p> <h2 class="mb-4">Spring – the Winner</h2> <p class="mb-4"><strong>In general, spring is considered the best time of year to sell a house or at least put it on the market.</strong> People are waking up from their winter slumber, having a bit more money in their pocket due to tax returns, and making plans for the upcoming year.</p> <p class="mb-4">This leads to the largest percentage of people starting to pursue the national housing market as soon as spring comes. The weather is suitable for holding showings and open houses, and it’s easy to entice buyers with curb appeal due to everything blooming (a good spring cleaning also doesn’t hurt).</p> <p class="mb-4">Additionally, summer breaks start in late spring, and people with school-aged kids (which is a good chunk of potential buyers) tend to time buying a house at this time so that they have ample time to settle in without causing too much upheaval. All in all, spring is the winner both in terms of selling fast and high.</p> <h3 class="mb-4">The Best Month to Sell a House</h3> <p class="mb-4">This leads to the natural conclusion that the best months to sell a house are from March to May. Your local climate plays a key part so take it into consideration, too – for example, if it’s predicted that March will be irregularly cold and rainy, put your home on sale in early April. All in all, try to have your home listed somewhere between March and May – it’s a great time to sell your home.</p> <h2 class="mb-4">Summer – the Runner Up</h2> <p class="mb-4"><strong>Many things that apply to selling your house during spring apply to summer, too.</strong> However, in places with a warm climate, like California, July and August may be too hot for many people to go house hunting, so your potential pool of buyers is somewhat lessened. If you’re <a href="https://sleeveuphomes.com/how-to-sell-your-own-home">selling the house on your own</a>, it may even be too hot for you to hold regular showings.</p> <p class="mb-4">Then, as most people go on holiday during summer, it can be harder to work out a schedule for prospective buyers to look at prospective houses. The same goes for you – maybe your holidays will prevent you from talking to buyers and showing them around your house. That’s not to say that summer is a bad time for selling, just that it takes a bit more work – it’s still the second-best time of year to sell a house.</p> <p class="mb-4">On the other hand, summer definitely has things working in its favor. For one, many people who find homes during spring buy them in early summer, which is why summer is the <strong>peak closing season</strong>. That doesn’t mean that you should put your house on the real estate market during summer, but that there’s a <em>high likelihood</em> of selling if you start in spring.</p> <p class="mb-4">Additionally, if you hold until late spring, you may get a better price for your home. People with kids want to buy a home and settle in before school starts, and this need to close fast brings more competition and drives prices up. However, there’s no guarantee that you can get a better offer if you sell in the later summer months.</p> <h2 class="mb-4">Fall – the Straggler</h2> <p class="mb-4"><strong>Fall is not the worst time to sell a home, but it’s far from optimal.</strong> For one, you need to hope that the weather holds; and even if it does, your window to sell is short. September and early October can be more or less fine, but anything later than that makes selling exponentially more difficult.</p> <p class="mb-4">And the weather is not the only challenge you’d be facing. You’re also contending with national holidays, kids returning to school, and people simply focusing on their everyday lives. Your primary category of buyers would be those that started looking for homes during spring or summer and couldn’t find one that suits them or people who were forced to move by circumstance.</p> <p class="mb-4">However, the first group tends to be very specific in their wants. The second group may be moving because of a job transfer, due to layoffs, or something similar, which means that the sale price could be a pain point for them, even more than with regular buyers. So, fall isn’t exactly a great time to sell a house.</p> <p class="mb-4"><img alt="Best Month to Sell a House" class="img-fluid" src="https://sleeveuphomes.com/img/sleeveup-best-month-to-sell-a-house.jpg" /></p> <h3 class="mb-4">You Can Focus on Repairs or Renovation</h3> <p class="mb-4">One positive thing about fall is potentially preparing for next year’s selling season. Spring and summer are also most repairmen and contractors’ peak seasons, so you can negotiate better prices if you hire them during fall. If you didn’t list your home earlier because it required extensive repairs, now could be the time to do it.</p> <h2 class="mb-4">Winter – the Unexpected</h2> <p class="mb-4"><strong>Winter is traditionally the slowest season, but that doesn’t mean you can’t sell. </strong>While the best month to sell a house is far behind you, some of the best buyers are still out there – it’s just that they are in short supply. So, is it a good time to sell a house during the winter months? You have the best chance of selling if you live in a place like California, with a year-round warm climate.</p> <p class="mb-4">Winter brings about more serious buyers. Many want to buy before the winter holidays start and the year is out. Others are looking to move from up north to more sunny climates. These types of buyers are usually in a semi-rush to buy and may be willing to ignore certain negatives of a property if they like it overall.</p> <h2 class="mb-4">The Final Verdict:  What Month Is Best to Sell Your House?</h2> <p class="mb-4"><br /> Depending on your climate and other factors, the best month to sell a house is March, April, or May – hands down.</p> <h3 class="mb-4">What Is the Best Time of Year to Sell Your House?</h3> <p class="mb-4">Trying to figure out what’s the best time of year to sell your house is not a walk in the park. However, if you really want to maximize your ROI, then the answer is simple: spring. After all, warmer weather means more potential buyers browsing with sunny dispositions without breaking a sweat from all the heat. And who could possibly resist an ice-cold lemonade on the deck of the house they might call their future home?</p> <p class="mb-4">If you can't make it work this spring, then summertime isn't a bad option either – it provides plenty of daylight for those interested in 'window shopping'. Your decision will also depend on what type of buyer you’re hoping to attract, so keep that in mind as you plan your next move!</p> <p class="mb-4"><strong>Ultimately selling a house at any time is possible, but if you're trying to make the most of your investment, get your listing up before the leaves start changing colors.</strong><br />  </p> <h3 class="mb-4">What Time of Year Do Houses Sell Cheapest?</h3> <p class="mb-4"><strong>Home prices are usually at their lowest in winter because it is the slowest season for selling.</strong> With low demand, sellers have no choice but to adjust their prices accordingly if they want a fast sale. This mostly attracts first-time buyers. However, many people remove their properties from listings during this period, meaning that the prices may be lower, but the options are more scarce, too.</p> <p class="mb-4">If you consider yourself an opportunist and you don’t mind braving the cold weather conditions, you may be able to find your dream house at the right price during the snowy season with just a sprinkle of luck!</p> <p class="mb-4">However, keep in mind that the time of year does not <em>necessarily</em> define when houses sell for the cheapest. Actual real estate prices are determined by market dynamics like housing inventory and economic conditions rather than seasonality alone.</p> <h3 class="mb-4">What Time of Year Do People Sell the Most Houses?</h3> <p class="mb-4"><strong>Springtime is typically the most popular time of year for selling houses.</strong> After all, what better time to move than when the birds are singing, flowers are blooming, and temperatures are pleasantly warm? Many people also choose summer as the optimal time to spread their wings and see where the wind takes them.</p> <p class="mb-4">This makes sense as it's often easier for children to transition between schools when there isn't a disruption in the academic year. Plus, with the added sunlight afforded by the season, motivated buyers can look at potential properties on evenings after work – a major convenience! </p> <p class="mb-4">So overall, it's safe to say that the warmer seasons are the big winner when selling houses.<br />  </p> <h2 class="mb-4">Is There A Way to Avoid Thinking About Seasonality?</h2> <p class="mb-4">If you want to simplify the process and not think about showings, repairs, or what the best month to sell a house is, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> to see what we offer. We buy houses for cash through spring, summer, fall, or winter, and always give the best prices possible.</p> <p class="mb-4">Because we are not wholesalers or realtors, you won’t pay any commissions, so more money will end up in your wallet. We don’t mind what the state of your home is either – you don’t need to make any repairs, preparations, or clean-ups – we look for potential and buy as-is, and take care of the rest ourselves.</p> <p class="mb-4">Contact us today to <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a>.</p>
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            • short_description When is it a good time to sell a house? Which months and seasons should you avoid? Keep reading to find out the best time of year to sell a house!
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-know-if-you-are-getting-a-fair-offer-for-your-house" }, "headline": "How To Know if You’re Getting a Fair Offer for Your House?", "description": "Interested in learning what a fair offer for your house should be? Read on to learn what factors are considered and how to set a reasonable asking price.", "image": "https://sleeveuphomes.com/files/blog/fb835369-3dc6-427e-8eab-19578c2d59b2_fair-offer-sleeveup.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-09-15", "dateModified": "2021-09-15" } </script> <p class="mb-4">The two primary concerns when selling your house are, most likely, how quickly you can close and how much you can get for it. However, as the price of a home is dependant on the specific condition of the property and the real estate market conditions in the locality, it can be difficult to gauge what a fair offer is and whether you should accept it.</p> <p class="mb-4">That’s why we’ve written this blog – to help you assess whether a seller is making a fair offer or not, or even if you’ve set your expectations too high and are asking for too much. Of course, the final selling price will also be influenced by your negotiating skills, but the two primary ways to determine a fair price for your home are:</p> <h2 class="mb-4">1. Making a Rough Comparison</h2> <p class="mb-4">As much as possible, compare like for like. Search for similar properties to yours that have sold in the area recently. Try to find houses that have comparable square footage, whose lots are near in size to yours, and are of a similar age and in a similar condition. It’s unlikely you will find properties that are exactly like yours, but you don’t need to.</p> <p class="mb-4">You’re looking to approximate the price range, not set an exact price. Think of it like this – if you were to simply exchange your house for another (disregarding any legal aspects), would you be unsure who came out better in the exchange? If you are unsure, your properties are comparable.</p> <p class="mb-4">Additionally, look at the prices of properties that have sold, not those that are selling. There is always a reason a house is still on the market. While the price may not be the determining factor that a home has not sold yet, you can’t tell without doing a thorough investigation, which is simply not practical (if even possible).</p> <p class="mb-4">So, <em>find comparable houses in your area and look at how much they have sold for</em>. This will give you a reasonable price range for what a fair offer on your house would be. However, there is one caveat – the market can change rapidly, so don’t expect your approximation to be valid if you wait a year or more before putting your house on the market.</p> <h2 class="mb-4">2. Getting a Professional Appraisal Done</h2> <p class="mb-4">Having a professional appraisal done is another good way to determine what a fair price for your home would be. The <a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work">home appraisal process </a>is a complex one, but it boils down to an independent third party estimating the fair market value of your home based on its characteristics and the market conditions.</p> <p class="mb-4">Many lenders will require that an appraisal be done before they issue your potential buyer a loan. As the seller, it is not your obligation to have it done but the buyer’s. However, an appraisal can help you determine what a reasonable price for your home would be and, consequently, whether a potential buyer is making you a fair offer.</p> <h2 class="mb-4">Consider Your Net Proceeds</h2> <p><img alt="Fair Offer for Your House" class="img-fluid" src="https://sleeveuphomes.com/img/fair-offer.jpg" /></p> <p class="mb-4">Whether something is or is not a fair offer is not only determined by the selling price of a home, but also how much you profit from the transaction. And that is where <a href="https://sleeveuphomes.com/what-are-net-proceeds-when-selling-a-house">net proceeds</a> come in. Net proceeds is the amount of money you retain after all the expenses of the sale have been paid.</p> <p class="mb-4">The two most common seller’s expenses are closing costs and realtor commissions. The realtor commission depends on the area and the type of property being sold, but let’s say it’s 5% of the selling price (which is about average in California) for our example.</p> <p class="mb-4">Imagine this situation - you’re asking price is $500 000. You have one buyer offering $480 000, while another offers $450 000. However, the first buyer is going through the traditional sales process, with you paying the commission and the closing costs (for example, the closing costs are $15 000).</p> <p class="mb-4">The other buyer is not using an agent and offering to pay the closing costs. While at face value the first offer is better, you need to do the math. %5 of $480 000 is $24 000 and when you add the closing costs and subtract everything from the offer, you end up with $441 000 (before taxes).</p> <p class="mb-4">Thus, you end up with $441 000 in the first case, even though the price was higher, while in the second instance with $450 000. So, knowing whether someone is making you a fair offer or not does not only depend on how close they are willing to go to your asking price but also who covers the expenses.</p> <h2 class="mb-4">A Couple of Common Red Flags</h2> <p class="mb-4">There are two common indicators that someone is not an honest actor and that you should be wary. It doesn’t necessarily mean that they are doing it in bad faith, but you should be extra cautious in the negotiations if:</p> <h3 class="mb-4">They Go Well Below What a Fair Offer Would be</h3> <p class="mb-4">Yes, buying and selling houses includes negotiations. Yet, if you’re asking price is $500 000 (and you’ve set a reasonable price) and they offer half of that, it’s unlikely they will ever make you a fair offer. They are low-balling you and likely trying to pressure you to sell your home for much less than it is worth. You should usually discount these buyers.</p> <h3 class="mb-4">They Are Trying to Rush You</h3> <p class="mb-4">The same is true if they are trying to rush you into selling. You should always be able to sell at your own pace – if it’s the day after they make an offer, that’s fine if it’s your choice. You should have ample time to think about the offer, consult with your agent, family, etc. before you accept. If this is not the case, it could be that they are low-balling you.</p> <h2 class="mb-4">Renovating vs Selling As-Is</h2> <p class="mb-4">Finally, you need to decide whether you are willing to remodel and renovate or sell as-is when setting your price. You can get more money if you renovate, but don’t forget that it is both a time- and money-consuming process and you should calculate what the most cost-effective solution for you is.</p> <p class="mb-4">Regardless of you wish to sell as-is or remodel, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We buy houses for cash and will always make you a fair offer. Because we are not realtors or wholesalers, you won’t have to pay any commissions or closing costs and will end up with the most money in your wallet. You can <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a> and see that when we say fair, we mean it.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/the-home-selling-conundrum-should-i-sell-my-house-as-is-or-fix-it-up" }, "headline": "The Home Selling Conundrum: Should I Sell My House As Is or Fix It Up?", "description": "People often wonder – should I sell my house as is or fix it up? We explain how to make a decision and the steps to take regardless of the route you go down.", "image": "https://sleeveuphomes.com/files/blog/a1ec81ee-1f11…506-a9043c207091_should-i-sell-my-house-as-is.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-10-23", "dateModified": "2021-10-23" } </script> <p class="mb-4">One of the most fundamental questions people have when making plans to sell their house is – should I sell my house as is or fix it up? Each situation is unique, so there is no one right answer. The best choice for you will depend on several factors.</p> <p class="mb-4">Among other things, you’ll need to research the state of the housing market and objectively assess the condition of your house. This article will take you through the steps needed to make the right choice in your specific situation, explain which repairs or improvements could be worthwhile, and what not to fix when selling a house.</p> <h2 class="mb-4">The Preliminary Steps to Finding the Right Answer</h2> <p class="mb-4">One of the more common mistakes sellers make is investing in unnecessary repairs that don’t significantly up the value of their house. Even worse, some invest in expensive improvements that make the home more difficult to sell. Always remember that you are not selling the house in isolation but under the <strong><em>current market conditions in a specific location</em></strong>.</p> <p class="mb-4">Think of anything you do to your house in terms of return on investment – the net income the investment will bring you vs the cost of the investment. In more straightforward terms, if renovating a room will potentially net you a few hundred bucks once you deduct the costs, it’s not worth it. When considering whether you should sell as is or make repairs, consider:</p> <h3 class="mb-4">What’s the Market Like?</h3> <p class="mb-4">It’s easier to sell a house if the market is hot. And, as it stands right now, the market is <strong><em>scorching</em></strong> across most of the US. This means that you don’t need to invest in too many repairs. Buyers are more willing to disregard smaller flaws in a seller’s market. You should have no trouble <a href="https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor">selling without a realtor</a>, either.</p> <p class="mb-4">Conversely, in a buyer’s market, it’s much more difficult to sell a fixer-upper. If the market is truly slow, buyers may not even look at houses that need work. There’s one more caveat – even in a hot market, houses that need a lot of work done are likely to sell for less.</p> <h3 class="mb-4">What Houses Have Sold in Your Area?</h3> <p class="mb-4">Real estate is all about location. Thus, you should look at the houses that have sold recently in your <strong><em>immediate area</em></strong> (but are also similar to your home). So, compare like for like - if you are selling a single-family home, look for single-family homes, etc. This can give you a sense of what the condition of your home needs to be in order to sell.</p> <p class="mb-4">You can also go to a few open houses in your neighborhood and see how your home compares. Plus, it can be a guide to what improvements may be worth investing in. If you don’t have the time to check out houses yourself, ask your agent for a competitive market analysis.</p> <h2 class="mb-4">Selling As Is vs Fixing It Up</h2> <p><img alt="Lovely Adult Couple Selling their Beautiful Home" class="img-fluid" src="https://sleeveuphomes.com/img/the-home-selling-conundrum-sleeveup.jpg" /></p> <p class="mb-4">When a house is lived in, it’s natural for some wear and tear to happen. A few leaky pipes, a bit of paint chipping, creaky stairs, and/or some wiring issues are small problems. These types of issues <strong><em>are worth fixing</em></strong>.</p> <p class="mb-4">Sometimes, homeowners disregard such miner issues, thinking they won’t affect the price much. But these are exactly the types of repairs you should be making before selling. They don’t cost much and will increase the price. Plus, potential buyers may disregard some other problems if they see that the home is well taken care of.</p> <p class="mb-4">Conversely, if you would need to make significant repairs – like dealing with severe water damage, a caved-in roof, non-functioning plumbing – it may not be worthwhile to repair everything. These types of issues cannot be solved easily. In such situations, it may be best to sell as is.</p> <h2 class="mb-4">How To Sell a Home As Is</h2> <p class="mb-4">Selling a home as is hinges on two factors: setting a reasonable price and finding the right buyer. And remember that you are legally obligated to disclose any significant issues with the house that could affect the buyer’s willingness to buy your home.</p> <p class="mb-4">When marketing your home, make it clear you making repairs is not negotiable. And the price should reflect the repairs the buyers will need to make, i.e., the more repairs needed, the lower you need to price it. As far as finding the right buyer goes:</p> <h3 class="mb-4">Who Buys Homes As Is?</h3> <p class="mb-4">Most private buyers are not looking to take on major projects. They may be willing to buy fixer-uppers, but only if they need to deal with smallish issues. However, as we’ve mentioned above, these are the types of fixes you should personally make to get a better price.</p> <p class="mb-4">Buyers that are willing to take on major projects are usually wholesalers, contractors and restoration companies, and investors. But not all companies that buy houses are the same – low-ball offers and being pressured into bad sales is not uncommon, so <a href="https://sleeveuphomes.com/we-buy-houses-scams-and-how-to-avoid-them">be wary of scams</a>. Look for a company with a proven track record if you are going down this route.</p> <h2 class="mb-4">What Repairs Are the Most Cost-Effective?</h2> <p><img alt="The Home Selling Conundrum" class="img-fluid" src="https://sleeveuphomes.com/img/the-home-selling-conundrum.jpg" /></p> <p class="mb-4">As we’ve stated multiple times, if there are small fixes you can make, make them. When it comes to larger repairs – the kitchen or bathroom are both a good place to start. Fixes and improvements to these rooms usually provide a good return on investment.</p> <p class="mb-4">Other fixes that have a good return are those that are easy to spot – such as replacing doors or windows, putting on a fresh coat of paint (but try to make it a neutral color), repairing holes in the walls and the HVAC system, replacing carpets, etc. Structural problems are another matter.</p> <p class="mb-4">Issues like a caved-in roof and sagging floors will seriously lower the price of your house. But they also cost a lot of time and money to fix. If the damage is severe and you have no intention of repairing it, it may not be worth investing in the smaller repairs but selling as is. Ultimately, it’s a balancing act – you get less money, but you also spend less money.</p> <h3 class="mb-4">What Should You Not Fix When Selling a House?</h3> <p class="mb-4">Generally, you can avoid fixing small cosmetic issues. A few scratches on your floors or some water stains on a cabinet are probably not worth your time. But more importantly, think of where your home is located and don’t invest in luxurious improvements that may not pay off.</p> <p class="mb-4">For instance, if you are selling a single-family home in an affordable neighborhood, there’s usually no point in trying to install an indoor pool. This is a hyperbolic example, but it demonstrates the point. While such improvements may theoretically increase the value of your home, it’s unlikely you’ll actually find a buyer who is willing to pay what you are asking.</p> <h2 class="mb-4">I’m Worried About Getting a Low Price if I Sell As Is</h2> <p class="mb-4">If you’ve decided not to fix up your house, but are worried you’ll get low-balled if you decide to sell as is, you have a solution. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house in the state it’s in for top dollar. We aren’t wholesalers and don’t work with realtors, so we will always offer the best price and you won’t be paying any commission.</p> <p class="mb-4">But you don’t have to take us at our word – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> to see what we can do <strong><em>for you</em></strong>. We guarantee you can make a better deal compared to the other offers you’ve received. If you like what we offer, you can close in as little as 7 days. And if you end not liking it, you can always walk away.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/home-improvement-ideas-to-increase-the-value-of-your-home" }, "headline": "10 Home Improvement Ideas to Increase the Value of Your Home", "description": "Looking for some DIY home improvement ideas you can do on a budget? Here are 10 ideas that can increase the value of your home, without costing much.", "image": "https://sleeveuphomes.com/files/blog/d7c2aa16-9762-4348-9191-158831c620f8_home-improvement-ideas.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-11-16", "dateModified": "2021-11-16" } </script> <p class="mb-4">Remodeling a home is not something that can usually be done for cheap. Plus, besides the cost of the materials and paying professionals to do it for you, it takes time. If you are remodeling in order to sell your house, sometimes the costs and benefits just don’t add up. But, we’ll share some DIY home improvement ideas that won’t stress your budget.</p> <p class="mb-4">We’ll explain how you can make home improvements that will increase the value of your home, even if doing these kinds of things isn’t your forte. So, get ready to roll up your sleeves and freshen up your house by applying some or all of these 10 home improvement ideas.</p> <h2 class="mb-4">The First Step in Fixing Up an Old Home on a Budget – A Fresh Paint Job</h2> <p class="mb-4">When you want to get a <a href="https://sleeveuphomes.com/how-to-prepare-your-home-for-sale">good price for your home</a>, you should start with a fresh coat of paint for your walls. It will make your house look cleaner and tidier for any potential buyer. And painting your walls is something you can definitely do on your own. All you need is a decent paint roller and some practice.</p> <p class="mb-4">Luckily, you can practice as you work and cover up any mistakes you make. If you are unsatisfied with how you’ve painted a section of the wall, you can simply paint over it until it’s up to your standards. And here’s a pro tip – use some drop cloths or plastic sheets to protect from splashes or dripping.</p> <p class="mb-4">Cleaning and scrubbing paint from your floors, cabinets, and countertops after a paint job is about half the work. Especially if you’re new to painting. You can get these items at the same place you buy the paint at almost no cost. Trust us, taking an hour to put up protection before you start painting the walls of your home will save you many more hours later on.</p> <p class="mb-4">And think about the color you chose. If the purpose of this home improvement is not to get a better price when selling, choose whichever color you like. But, if the intent is to get a better price for your home, choose a neutral color. The goal is to enable a potential buyer to imagine him or herself living in your home. And that means that your home should be less personalized.</p> <h2 class="mb-4">Can You Paint the Floor?</h2> <p><img alt="Hand Holds Paintbrush and Paints the Wood Floor" class="img-fluid" src="https://sleeveuphomes.com/img/painting-the-floor.jpg" /></p> <p class="mb-4">Painting floors seems kind of strange, doesn’t it? This is one of those home improvement ideas that people rarely consider. And we get that, painting floors does seem kind of odd. But, refinishing floors often isn’t possible if you are on a tight budget.</p> <p class="mb-4">So the next best option is to liven up your floors with some new paint. You can do it right after you paint your walls. Just make sure you use some durable floor paint. And the same principle applies if you are looking to sell – simpler, neutral colors are a better option than a vibrant, highly-personalized color scheme.</p> <h3 class="mb-4">On the Other Hand, Can You Put in Some New Flooring?</h3> <p class="mb-4">This is a home improvement idea that is not always cost-efficient, so think hard before you lay down new flooring. The cost of the materials is relatively high and you likely won’t be able to do it on your own. Redoing your entire home is a major home improvement project, so it may be best to just <a href="https://sleeveuphomes.com/the-home-selling-conundrum-should-i-sell-my-house-as-is-or-fix-it-up">sell your home as-is</a> instead.</p> <p class="mb-4">On the other hand, you can lay down some low-cost flooring in a couple of rooms. Vinyl tiles are a cheap alternative to laminated flooring and it goes well in bathrooms and laundry rooms. Self-adhesive vinyl tiles are not difficult to install and can be the middle ground between redoing your entire home and doing nothing.</p> <h2 class="mb-4">Replace Your Old Appliances</h2> <p class="mb-4">When you’re planning on selling your home, buying new appliances doesn’t seem like the most sensible home improvement idea, does it? However, try thinking like a salesperson. The aim is to get the buyer interested in your home and <em>first impressions are paramount</em>. New appliances can make your home <em>seem</em> newer and fresher, which is more than enough.</p> <p class="mb-4">Plus, old appliances absolutely suck up electricity. You’ve got a friend who replaced an old fridge recently. Ask them to compare their bills before and after getting the new fridge. You’ll be surprised at the difference. And when you take the appliances with you once you sell your home, your bills will continue to be much lower than before.</p> <h2 class="mb-4">Redo Your Doors and Windows</h2> <p><img alt="Replacing the Old Wooden Window" class="img-fluid" src="https://sleeveuphomes.com/img/replacing-the-old-window.jpg" /></p> <p class="mb-4">By now, you’ve likely noticed a trend with these home improvement ideas – focusing on the most visible and obvious aspects of your home that don’t cost much to improve. So it’s only natural that you should focus on your doors and windows a bit. And it’s even more important if you have wooden doors and window frames.</p> <p class="mb-4">Rain, the Sun, and simple wear and tear have likely caused some damage to your doors, window frames, and shutters. Refinishing these items is relatively easy and quite cheap. But it makes a huge difference. A freshly refinished wood entry door can be just the thing that makes a buyer interested in your house.</p> <h2 class="mb-4">Give the Kitchen and Bathroom Cabinets a New Finish</h2> <p><img alt="Home Improvement Ideas" class="img-fluid" src="https://sleeveuphomes.com/img/home-improvement-ideas-sleeveup.jpg" /></p> <p class="mb-4">A rule of thumb when selling a home is that your kitchen and bathroom should be in as good a shape as they can be. These are two rooms that many buyers focus on, so they should be your focus too. So that means giving your cabinets a new finish. You can always buy new cabinets, but there’s no need to do that if your old ones are structurally sound.</p> <p class="mb-4">And new cabinets cost a pretty penny, so it’s definitely not a home improvement idea you can do on a budget. But giving your cabinets a light sanding (or even striping the finish to bare wood) and applying a new coat of paint is something you can do on a budget. It will make your home appear more lively and help you negotiate a good price.</p> <h2 class="mb-4">Taking Care of Decks and Patios</h2> <p class="mb-4">Anything that gets exposed to the elements eventually gets weathered. But a nice, clean deck or patio can be just what your home needs to stand out from the competition. You could replace the furniture you have outside, but that’s <em>less</em> important and is not that cheap.</p> <p class="mb-4">What you should do is take care of the floor, railing, and other wood elements that are part of the construction. For wood that was previously stained, first, apply some stripper and then sand and power-wash. This process will only take a few days. Ideally, you can stain, coat, and paint it afterward, but this can take a few weeks and, ultimately, isn’t necessary.</p> <h2 class="mb-4">A Simple Budget Home Improvement – Add Some Storage Space</h2> <p class="mb-4">The goal here is to make your house look bigger. If a potential buyer is <em>under the impression</em> that your home is spacious, you can negotiate a better price. And one way to do that is to add some storage space. Just to be clear, this doesn’t include buying new cabinets, cupboards, etc.</p> <p class="mb-4">Take a stroll around your home and try to spot the unused space. Are most of your walls bare? A few floating shelves can go there. Is there nothing beneath your staircase? Maybe a hanging coat rack would fit. The goal isn’t to fill up every inch of space and make your home look cluttered, but don’t be afraid to experiment a little.</p> <h2 class="mb-4">Try To Emulate an Open Floor Plan</h2> <p class="mb-4">The same principle applies here as in the last point – the aim is to make your home appear more spacious. An open floor design is popular with buyers. For one, you could actually design an open floor plan. But that would entail removing walls and doing a <a href="https://sleeveuphomes.com/building-your-dream-home-how-much-does-it-cost-to-build-a-house">decent bit of construction work</a>, which definitely wouldn’t be cheap.</p> <p class="mb-4">If you have the time and resources, go for it. This is one of those home improvement ideas that is much likely to net you a buyer. But you can emulate an open floor design by rearranging the furniture, removing a few doors, and even installing a few mirrors to make the rooms appear bigger.</p> <h2 class="mb-4">Do What You Can To Increase Your Home’s Curb Appeal</h2> <p class="mb-4">Finally, you can’t neglect the outside of your home. Not every buyer will be willing to come to an open house and inspect the inside unless they are motivated to do so. And that’s why curb appeal is so important – it is the first step to attracting a buyer. It likely won’t increase the value of your house (at least not substantially), but that’s not the point.</p> <p class="mb-4">The outside of your home is the face you show to the world. So keep it well-kempt. That can include keeping the lawn tidy and pressure-washing your driveway. You can replace your old mailbox and house number to make your home more appealing. Putting up some new lighting is also a good idea. In essence, do the small things that will make your home stand out.</p>
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            • short_descriptionLooking for some DIY home improvement ideas you can do on a budget? Here are 10 ideas that can increase the value of your home, without costing much.
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            • slugwhat-are-real-estate-comos-and-how-to-find-them-In-your-area
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            • autor_nameSleeveUp Homes
            • titleHow To Find Real Estate Comps
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area" }, "headline": "What Are Real Estate Comps and How To Find Them in Your Area?", "description": "Want to determine a reasonable listing price for your house? Real estate comps are your main tool. Read on to learn what they are and how to find them.", "image": "https://sleeveuphomes.com/files/blog/b19117ad-c637-4c74-9871-bd6688dd03a6_real-estate-comps.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-12-01", "dateModified": "2021-12-01" } </script> <p class="mb-4">When it comes to selling your house, the asking price must be based on some objective factors. It simply can’t all be based on negotiation skills and feel. The flip side is that real estate market conditions, the location, time of year, etc. are all relative. And that is why real estate comps matter.</p> <p class="mb-4">Real estate comps help summarize these relative conditions in practice and give you an objective basis on which to set the price. In this article, we will explain what real estate comps are, how they are used, and how you can find comps for your property.</p> <h2 class="mb-4">What Are Real Estate Comps?</h2> <p class="mb-4">Real estate comps or real estate comparables are properties that have recently sold in your area and that are similar in condition, size, and other features to the property you wish to sell or buy. To put it more plainly, if you are selling a house, a real estate comp is a recently sold house that is similar enough to yours that you can set the same listing price.</p> <p class="mb-4"><strong>Real estate comps are one of the primary tools for determining a reasonable listing price for a property.</strong></p> <h2 class="mb-4">Who Relies on Real Estate Comparable?</h2> <p class="mb-4">Real estate comps are an invaluable tool in real estate. As such, they are used by private buyers and sellers, but also real estate agents, brokers, companies, investors, and appraisers. In short, anyone who deals in real estate professionally uses real estate comps, but they are also helpful tools for everyone looking to buy or <a href="https://sleeveuphomes.com/what-is-the-best-way-to-sell-a-house">sell a house</a>.</p> <h3 class="mb-4">Sellers</h3> <p class="mb-4">Home sellers can use real estate comps to learn what the market is like in their area and set a price that is neither too low nor too high. They are also a valuable tool in listing and negotiating, as a seller can use them to exemplify why the listing price is what it is.</p> <h3 class="mb-4">Buyers</h3> <p class="mb-4">In a similar vein to sellers, buyers use real estate comps to determine what offer to make and whether a price is too high. They can also use comps to negotiate a lower price if they believe the seller listed the house for too much. The principle is the same, it’s just that buyers and sellers are the opposite sides of a coin in this instance.</p> <h3 class="mb-4">Real Estate Agents</h3> <p class="mb-4">Real estate agents use real estate comps to create a comparative market analysis and give accurate advice to their clients on the listing price. They essentially use comps the same way as sellers or buyers do, depending on their client’s needs. The main difference is that agents have access to more information and have the expertise to find real estate comps more quickly.</p> <h3 class="mb-4">Home Appraisers</h3> <p class="mb-4">The <a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work">home appraisal process</a> is usually initiated by the buyer’s lender, but a seller can also get an appraisal done. A home appraisal is the process of determining the fair market value of a property by a certified appraiser. Real estate comps are one of the main factors that an appraiser uses to provide an accurate assessment of the value of a home.</p> <h2 class="mb-4">How You Can Find Real Estate Comps</h2> <p><img alt="Portrait Of Serious Man Who Looks at Questionnaire" class="img-fluid" src="https://sleeveuphomes.com/img/what-a-real-estate-comps.jpg" /></p> <p class="mb-4">There are 2 ways you can find real estate comps in your area – through an agent or on your own. If you already have an agent hired, simply ask them to find real estate comps or conduct a comparative market analysis for you. Some agents will do this free of charge even if you haven’t hired them yet to try to get your business.</p> <p class="mb-4">If you are <a href="https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor">selling without a realtor</a> to avoid paying the commission, then it’s up to you to do your own research. In prior decades, finding real estate comps without a realtor was quite difficult, but today it’s much easier with all the necessary information being much more accessible. It just takes a bit of time and effort.</p> <h2 class="mb-4">Finding Real Estate Comps on Your Own</h2> <p class="mb-4">First off, we should note that you should find at least 3 real estate comps. One or two recently sold homes may be outliers for various reasons. With 3 real estate comparables, it’s much easier to determine an average fair market value and the assessment becomes more accurate the more comps you find.</p> <p class="mb-4">Now, how to find real estate comps in your location? There are 3 primary ways: 1. researching MLS (multiple listing service) websites; 2. researching public records; 3. word of mouth. The third option is rather impractical, but if you know someone who sold a home comparable to yours recently, there’s no reason not to check it out.</p> <h2 class="mb-4">MLS Websites</h2> <p class="mb-4">However, researching MLS website is the most practical method to find real estate comps. Most of these websites have filters that let you filter for recently sold homes, the area, square footage, number of bedrooms and bathrooms, and other relevant factors. Using the filters allows you to quickly find homes that are comparable to yours.</p> <p class="mb-4">These websites also list details such as the selling price and days spent on the market. Once you find 3 or more comparables, you can calculate the average selling price and have a rough estimate of how long your property will stay on the market. MLS websites do have one drawback though – they usually don’t list FSBO (for sale by owner) properties.</p> <h3 class="mb-4">Public Records</h3> <p class="mb-4">And this is where public records can supplement your MLS search. Counties keep records of recently sold homes (including FSBO sales) that you can find online or pull from the local courthouse. If looking online, you can usually find the information you need by going to the county website and searching for property records.</p> <p class="mb-4">However, public records only list the last recorded sale price, which can be from a while ago. Then, you can’t use the filters that you can on MLS sites but need to know the address of the property you are looking for. In essence, you already need to find a real estate comp, possibly through word-of-mouth and then pull public records to find the sale price.</p> <h2 class="mb-4">Factors to Consider When Looking For Real Estate Comps</h2> <p class="mb-4">We’ve hopefully explained what real estate comps are and how you can find them, but you still need to understand what makes a property comparable to yours. There are 7 factors to take into account. You will never find an identical property, but the more features your house and the comparable share, the better. Compare:</p> <h3 class="mb-4">1. Location</h3> <p class="mb-4">It’s no big surprise that real estate is all about location. The closer the property you are looking at is to your home, the better. Prices can change from neighborhood to neighborhood and even block to block.</p> <p class="mb-4">Ideally, it would be within a 1-mile radius of your home. If you can’t find any, expand the search to 5 miles. The prices tend to fluctuate more by location in urban areas, so going further than 5 miles isn’t wise. In rural areas, the prices tend to fluctuate less, so you have a bit more leeway to expand your search.</p> <h3 class="mb-4">2. Square Footage</h3> <p class="mb-4">A 500 square feet home will be cheaper than a 2000 square feet home, all other things being equal. To find real estate comps, limit your search to properties that are within 300 square feet of yours.</p> <h3 class="mb-4">3. Age</h3> <p class="mb-4">Look for homes that have been built within 5 years of yours. Older homes tend to be lower in value because the assumption is that they will need work done. While this isn’t necessarily true, newer homes have a higher initial value because, once again, it is assumed that things like the roof and plumbing are in better condition.</p> <h3 class="mb-4">4. The Condition</h3> <p class="mb-4">Assumptions on the condition of the home are based on age, but you need to dig deeper. If you are selling a fixer-upper, your real estate comps should also be fixer-uppers. Consider any <a href="https://sleeveuphomes.com/home-improvement-ideas-to-increase-the-value-of-your-home">renovations and upgrades</a> that were done to the property, or what features are outdated and compare them to your house.</p> <h3 class="mb-4">5. Bedrooms and Bathrooms</h3> <p><img alt="Married Couple In The Bedroom" class="img-fluid" src="https://sleeveuphomes.com/img/bedrooms-real-estate-comps.jpg" /></p> <p class="mb-4">Try to find homes with the same number of bedrooms or bathrooms. One additional bedroom may not seem like a big deal, but it can significantly increase the price. The square footage also matters, but so does the number of bedrooms and bathrooms when looking for a comp.</p> <h3 class="mb-4">6. The Layout</h3> <p class="mb-4">It’s not easy to find a recently sold house with a layout identical to yours, but the more similar, the better. An unorthodox layout, like many small and partitioned rooms, can bring down the value of a home, even if the size is the same.</p> <h3 class="mb-4">7. The Time When the House Was Sold</h3> <p class="mb-4">Market conditions can change rapidly in real estate. It’s best to look for homes that have sold in the last three months and expand your search to 6 months if you can’t find any real estate comps. But in a hot real estate market, like it is in most of the US right now, it’s advisable to look at an even shorter time frame than 3 months, if possible.</p> <h2 class="mb-4">Did Real Estate Comps Help You Set a Price?</h2> <p><img alt="Pricing Real Estate Comps" class="img-fluid" src="https://sleeveuphomes.com/img/pricing-real-estate-comps.jpg" /></p> <p class="mb-4">If you’ve determined what the fair market value of your house is, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> and we will buy it for cash. We buy homes in Southern California for top dollar. And because we are direct buyers, you won’t be paying any realtor commission or closing costs, leaving you with more money after the sale.</p> <p class="mb-4">On the other hand, if you don’t have the time or can’t find real estate comps, <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a>. We will send someone to take a look at your house and determine the fair market value free of charge, no strings attached. If our offer suits you, you can close in as little as 7 days.</p> <p>xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx</p>
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            • short_description Want to determine a reasonable listing price for your house? Real estate comps are your main tool. Read on to learn what they are and how to find them.
            • keywords Want to determine a reasonable listing price for your house? Real estate comps are your main tool. Read on to learn what they are and how to find them.
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            • slughow-to-finance-home-renovation
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            • autor_nameSleeveUp Homes
            • titleHow To Finance Home Renovation?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-finance-home-renovation" }, "headline": "How To Finance Home Renovation?", "description": "Don’t know how to finance home renovation? This article explains what options you have and what the advantages and disadvantages of each option are.", "image": "https://sleeveuphomes.com/files/blog/5e970790-d4ba-438a-8dc6-e2bca8e2293d_home-renovation.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-01-05", "dateModified": "2022-01-05" } </script> <p class="mb-4">Home improvements and renovations can improve your quality of life or increase the value of your home if you are looking to sell. You may have grand ideas, but, as with most things in life, you need a way to pay for them. Which leads us to – how to finance home renovation? For one, you <em>shouldn’t</em> go to a lender and hope for the best.</p> <p class="mb-4">There are multiple options you can choose from depending on what your aim and financial situation is. But you do have options. Finding the best one for you will save you from a lot of stress in the future. And that is what will be covered in this article – the different options you have to finance home improvement.</p> <h2 class="mb-4">One Option Is to Save Up</h2> <p class="mb-4">This is possibly not worth mentioning, but if you can save up and use that money to pay for home improvement, it’s likely the best option. We understand most people don’t have this luxury. But there is one thing that’s worth mentioning – if you are looking to <a href="https://sleeveuphomes.com/home-improvement-ideas-to-increase-the-value-of-your-home">make home improvements</a> in order to get a better price when selling, you may not need to invest much.</p> <p class="mb-4">You can pay for many DIY home improvements out of pocket and they can substantially raise the value of your home. A lot of people believe that increasing the value of their home necessitates large and luxurious upgrades. While these types of improvements do help, there is often a low return on investment.</p> <p class="mb-4">Particularly if you are taking out a loan to realize those upgrades. Small and medium improvements are often more cost-effective and don’t require taking out a loan. But, if DIY home improvements are not an option, here are the different types of loans you can take out to finance home renovation.</p> <h2 class="mb-4">Taking Out an Unsecured Home Improvement Loan</h2> <p class="mb-4">One option is to take out a personal home improvement loan offered by banks or credit unions. For these types of loans, you do not use your house as collateral. However, precisely because you are not using your house as collateral, the amount you can borrow is limited compared to other loans.</p> <p class="mb-4">This type of loan is probably best for small and medium-sized projects, like remodeling a single room. In general, these loans usually have higher interest rates and shorter repayment times, so that doesn’t make them ideal for larger projects.</p> <h3 class="mb-4">How Do Home Improvement Loans Work?</h3> <p class="mb-4">The amount you can borrow and the interest rates are primarily based on your credit score. Because you are not using your home as collateral, you don’t need equity to get the loan.<strong> Not needing equity is what sets this loan apart from other types of loans</strong> and the main advantage. The lender pays you the money in a lump sum that you repay in regular monthly payments.</p> <p class="mb-4">If this is the only type of loan you can (or are willing) to take out, make sure you shop around before deciding on a lender. Different banks and credit institutions will offer different terms and rates. And if you have a chance of improving your credit score before you take out this loan, take it.</p> <h2 class="mb-4">Tapping Into Your Equity</h2> <p class="mb-4">The more common way to finance home renovations is to take out a home improvement loan where you leverage your home equity. These loans usually have better interest rates and you can borrow larger amounts, making them much better for larger improvement projects than unsecured loans.</p> <h3 class="mb-4">Taking Out a Home Equity Loan</h3> <p class="mb-4">A home equity loan functions somewhat similarly to an unsecured home improvement loan, but you are using your home as collateral. The loan is paid in a lump sum that you repay in regular monthly installments. Home equity loans usually have a fixed interest rate and you can borrow more than with unsecured loans.</p> <p class="mb-4">However, you need to own a certain share of home equity to qualify. Most lenders require you to have at least 15% equity in your home. If you qualify, the terms of the loan will depend on your credit score and income. A home equity loan is often called a second mortgage, because that’s what you’re essentially getting.</p> <p class="mb-4">It should also be noted that because you are borrowing against the equity of your home, <strong>you could <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">face foreclosure</a> if you fall too far behind on payments</strong>. This is not a situation you ever want to be in so you should take out a home equity loan only if you are reasonably sure you can repay it.</p> <h3 class="mb-4">Getting a Home Equity Line of Credit</h3> <p class="mb-4">A home equity line of credit (HELOC) is similar to a home equity loan in that you are borrowing against your house and must own sufficient equity to qualify, typically 15% or 20%. But two key factors differentiate HELOC from a home equity loan:</p> <p class="mb-4">1. HELOC is a revolving line of credit</p> <p class="mb-4">2. HELOC has variable interest rates</p> <p class="mb-4">When you get a HELOC, you don’t get a lump sum, but get a revolving line of credit with a borrowing limit. <strong>You can borrow money as you need and repay it as you can</strong>. In essence, it functions like a credit card. And because the interest rates are variable, your monthly payments could increase depending on the market conditions.</p> <h3 class="mb-4">Cash-Out Refinance</h3> <p class="mb-4">A cash-out refinance means replacing your original mortgage with a larger loan and new interest rates. The difference between the original mortgage and the loan is money you can use to finance home improvements.</p> <p class="mb-4"><strong>A cash-out refinance can be a good option if you can get lower interest rates</strong> and don’t have the money to make additional monthly payments, as you need to make with a home equity loan or HELOC. However, you will likely be repaying a cash-out refinance longer than your original loan.</p> <h3 class="mb-4">Taking Out a Reverse Mortgage</h3> <p class="mb-4">Another option is to take out a <a href="https://sleeveuphomes.com/what-are-the-pros-and-cons-of-reverse-mortgage">single-purpose reverse mortgage</a>. Reverse mortgages are loans homeowners can take out but for which they don’t need to make monthly payments. A reverse mortgage is due when the borrower dies, moves out of the home against which they borrow, or sells it.</p> <p class="mb-4">However, to qualify for a reverse mortgage you need to be 62 years old or older and usually have at least 50% equity in the home. <strong>Reverse mortgages are intended to help out seniors, but they are not available everywhere</strong>. This may be the best way to pay for home improvements if you qualify.</p> <p class="mb-4"><img alt="Home Renovation" class="img-fluid" src="https://sleeveuphomes.com/img/home-renovation-sleeveup.jpg" /></p> <h2 class="mb-4">Government Loans for Home Improvements</h2> <p class="mb-4">Besides private lenders, the US Government offers loans that are specifically intended for home improvements. It is usually easier to qualify for a government loan. There are 3 basic types:</p> <h3 class="mb-4">Title I Property Improvement Loan</h3> <p class="mb-4">A Title I Property Improvement Loan is a loan from an approved private lender but insured by the Federal Housing Association (FHA) against possible losses. You can borrow up to $25 000 over a 20-year term and the interest rate is negotiated between you and the lender.</p> <p class="mb-4">However, improvements you make with the money from this loan must substantially improve the liability or utility of the property, so not all home improvements qualify. A benefit of a Title I Property improvement loan is that you need little or no equity to qualify.</p> <h3 class="mb-4">Limited FHA 203(k) Mortgage</h3> <p class="mb-4">A <a href="https://www.hud.gov/program_offices/housing/sfh/203k" rel="nofollow">203(k) mortgage</a> is another FHA-insured loan. This <a href="https://sleeveuphomes.com/rehab-loan">loan</a> lets you refinance your original mortgage. You can finance up to $35 000 of your original mortgage to make repairs, improvements, or upgrades to your home. However, the loan limits can vary significantly by location.</p> <h3 class="mb-4">VA Cash-Out Refinance Loan</h3> <p class="mb-4">A <a href="https://www.va.gov/housing-assistance/home-loans/loan-types/cash-out-loan/" rel="nofollow">VA cash-out refinance loan</a> is available to veterans, US army members on active duty, reserves, and National Guard members. A VA cash-out refinance loan functions as a standard cash-out refinance loan, except that it is guaranteed by the Department of Veteran Affairs. The main benefit of VA-cash out is that the interest rates are usually the lowest on the market.</p> <h2 class="mb-4">None of the Loan Seem Favourable?</h2> <p class="mb-4">Well, you don’t <em>need</em> to make any home improvement if you are looking to sell your house. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your home as-is for top dollar. We look for potential and not at the current state of your home, which is why we are willing to offer you the best price.</p> <p class="mb-4">Plus, you are selling directly to us, so you won’t be paying any realtor commission and we’ll take care of the closing costs. But there’s no reason to make a decision straight away. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see how much you can get before renovation and then calculate the costs. You may find that no improvements is the best option here.</p>
            • images{"1":"b63d534f-be10-441f-a185-1b0e65a201c5_home-renovation.jpg"}
            • short_descriptionDon’t know how to finance home renovation? This article explains what options you have and what the advantages and disadvantages of each option are.
            • keywordsDon’t know how to finance home renovation? This article explains what options you have and what the advantages and disadvantages of each option are.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-upgrades-increase-home-value" }, "headline": "What Upgrades Increase Home Value and How To See a Good Return on Investment?", "description": "What are the best projects that can increase home value? Read on to learn what you should focus on in your situation and how to make a wise investment.", "image": "https://sleeveuphomes.com/files/blog/af653b83-0775-4470-b980-bd74777e611b_increase-home-value.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-01-12", "dateModified": "2022-01-12" } </script> <p class="mb-4">Is making repairs and remodeling to increase home value the best way to secure economic stability? A lot of American homeowners seem to believe so, at least according to the latest <a href="https://www.jchs.harvard.edu/press-releases/remodeling-upturn-carry-2022" rel="nofollow">Leading Indicator of Remodeling Activity (LIRA)</a> study, conducted by Harvard University.</p> <p class="mb-4">The money spent by homeowners on repairs and improvements is expected to rise to $370 billion in the first quarter of 2022 from $351 billion in the previous quarter of 2021. But do all improvements see a good return on investment (ROI) on resale?</p> <p class="mb-4">In short, no, but we will expand on that later in the text. For now, you should understand that you need to pick and choose which improvement projects to focus on to maximize your profits and get the best deal possible when selling your house.</p> <p class="mb-4">Smaller, <a href="https://sleeveuphomes.com/home-improvement-ideas-to-increase-the-value-of-your-home">cheap and/or DIY projects</a> are never a bad idea, however, larger home improvement projects that require substantial monetary investment should be approached cautiously. In this article, we’ve listed upgrades that usually see a good return on investment and divided them into 5 categories.</p> <h2 class="mb-4">1. Upgrades that Make Your Home More Spacious</h2> <p class="mb-4">Homebuyers are searching for more space when looking at houses. It’s as simple as that in theory. But adding more usable square footage to your home is another matter. You have two routes you can go down:</p> <p class="mb-4">1. truly adding more usable square footage to your home; 2. makig ynour home appear more spacious.</p> <h3 class="mb-4">Adding More Usable Space</h3> <p class="mb-4">Adding more liveable space is one of the best ways to increase home value, and basements are prime real estate in this context. The cost to finish a basement can cost from $7 to $23 per square foot according to <a href="https://www.homeadvisor.com/cost/basements/#faq" rel="nofollow">Home Advisor</a>, but you can see a ROI of up to 75%.</p> <p class="mb-4">Even an unfinished basement can add tens of thousands of dollars to the value of your home, but a finished basement can easily double that. The process usually includes framing, flooring, painting, installing drywall, and working around the home systems (HVAC, plumbing, furnaces, etc.) that are probably located in the basement.</p> <p class="mb-4">Converting your basement into a studio apartment with a kitchenette and bathroom will significantly increase how much you need to invest and could easily go over $100 000. Thus, converting your basement into an apartment is a much riskier prospect, but simply finishing your basement is as safe a bet as you could make.</p> <h3 class="mb-4">Making Your Home Appear More Spacious</h3> <p class="mb-4">If finishing the basement or even adding another room is not appealing or possible, your other option is to make your home appear more spacious. For one, make sure to declutter your home and remove any unnecessary furniture before you hold an open house. More free space in your rooms may goad a buyer to make a better offer.</p> <p class="mb-4">Then, you can change your floor plan. Tactically taking down the right wall can give you an open floor plan that will attract buyers. Most buyers are particularly partial to designs that are fully or partially open around the dining room, living room, or kitchen.</p> <p class="mb-4">However, this is not a project you should take on lightly or carelessly. Consult a contractor, designer, or, at least, someone with experience in home remodeling. You do not want to take down a load-bearing wall or make the space in your house undefined. The aim is to have an open space design, but not a haphazard one.</p> <h2 class="mb-4">2. Minor Improvements for Key Rooms</h2> <p><img alt="Young Man Fixing Wall Panels in the Kitchen" class="img-fluid" src="https://sleeveuphomes.com/img/kitchen-remodeling.jpg" /></p> <p class="mb-4">The kitchen and bathroom are key rooms that buyers look at. Consequently, you should focus on fixing up and redesigning these rooms, but there is usually no need for major overhauls. Even minor upgrades, like installing new knobs, drawer pulls, and faucets that match can be a boon to your home and barely costs anything.</p> <p class="mb-4">If you have the resources, you could go a bit further do some remodeling. Minor or mid-range remodeling, like installing new flooring and updating the fixtures, will see a good return on investment. High-end kitchen and bathroom remodels will also increase your home’s value, but the more upscale you, the less return you usually see.</p> <h3 class="mb-4">3. Major Projects That See Good Return on Investment</h3> <p class="mb-4">Older houses need more work if you want to get the best price possible. The projects you should focus on will depend on the state of your property, but worthwhile investments are usually the roof, the HVAC system, and siding. In case your home is 15 years or older, carefully and objectively assess what the state of it is.</p> <p class="mb-4">Naturally, if these things have been recently replaced or are in perfect condition, there is no need to replace them. Replacing an old roof or HVAC system will almost always guarantee a good return on investment at resale.</p> <p class="mb-4">Siding is also a focus for buyers due to potential issues with mold or the siding simply reaching the end of its shelf life. Try to learn when yours was installed and what brand was used. In short, if a buyer reasonably suspects they will have to take on any of these projects a few years after buying your house, it will significantly lower the price of your home.</p> <h2 class="mb-4">4. Increasing Your Curb Appeal</h2> <p class="mb-4">Enhancing your curb appeal and upgrading your exterior serves a dual purpose – it attracts buyers before they even set foot in your home and can net you a better offer. So, curb appeal is something you should definitely focus on if you intend to maximize your profits.</p> <p class="mb-4">First, focus on landscape maintenance. The National Associations of Realtors’ <a href="https://www.nar.realtor/sites/default/files/documents/2018-05-remodeling-impact-outdoor-features-05-23-2018.pdf" rel="nofollow">Remodeling Impact Report </a>regarding outdoor features ranked landscape maintenance as the no. 1 project most likely to add value to a home at resale and no. 2 regarding projects that will appeal to buyers.</p> <p class="mb-4">Other high-ranking projects are standard lawn and tree care, overall landscape upgrades, and installing a new wood deck or patio. More luxurious upgrades, like getting a new pool, outdoor kitchen, or water features are at the bottom of the list. This is partially because not all buyers are looking for these features and may not be willing to pay the extra costs associated with them.</p> <p class="mb-4">And don’t forget to repaint your exterior, or touch up your paint if you don’t want to repaint the entire home. The more well-kempt your exterior looks, the more buyers you will attract and the more value that is added. Once again, you don’t need to repaint the entire house, but taking care of flaking and touching up the front door and trim is a step in the right direction.</p> <h2 class="mb-4">5. Improving Energy Efficiency</h2> <p class="mb-4">Finally, more and more buyers desire their homes to be as energy-efficient as possible. Modern, energy-efficient appliances are soaring in popularity and are traditionally a good investment. Adding a smart thermostat to help manage your energy expenditure is a smart and simple move.</p> <p class="mb-4">And Energy Star-qualified windows are often considered essential features and provide an excellent return on investment. Homeowners that replaced old windows with low-e or triple-pane insulating glass have recouped 78% of the cost at sale on average. In addition, some localities offer tax credits, rebates, or other incentives for installing Energy Star-rated windows.</p> <p class="mb-4">However, there are many types of Energy Star-qualified windows and which ones you need are based on your climate zone and the windows’ orientation. The U.S. Department of Energy provides a <a href="https://www.nar.realtor/sites/default/files/documents/2018-05-remodeling-impact-outdoor-features-05-23-2018.pdf" rel="nofollow">simple guide</a> on what types of windows work best in different climates.</p> <h2 class="mb-4">Will Solar Panels Increase the Value of Your Home?</h2> <p><img alt="Solar Panels on the Roof of a Private House" class="img-fluid" src="https://sleeveuphomes.com/img/solar-panels.jpg" /></p> <p class="mb-4">When discussing energy efficiency, the question – is installing solar panels a worthwhile investment to increase home value? – often comes up. And the answer is yes, definitely. But how much value is added is debatable. A <a href="https://eta-publications.lbl.gov/sites/default/files/lbnl-6484e.pdf" rel="nofollow">comprehensive study</a> conducted by Berkeley Lab found that buyers in California would pay about $4 more per watt of solar energy.</p> <p class="mb-4">However, that study was some time ago and the market conditions change. The end conclusion is always the same – photovoltaic systems increase your home’s value, it’s only that the exact estimates change.</p> <p class="mb-4">How much value a PV system adds is also dependent on several factors, primarily the geographic location of your home (including the installation prices in your location), the output and age of your system, and how costly it would be to replace. An additional benefit is that many states and cities offer tax exemptions and rebates for buying and installing solar panels.</p> <h2 class="mb-4">How Can You Finance Home Improvements?</h2> <p class="mb-4">Now that we’ve discussed projects you can undertake to increase home value, we should give a quick rundown of how you can pay for these projects, asides from paying out of pocket. There are multiple home improvement loans you can consider, but not all loans are made equal so you should read up more on the <a href="https://sleeveuphomes.com/how-to-finance-home-renovation">different types of loans</a> before you make a decision.</p> <p class="mb-4">Here, we will just lay out some of the more common options:</p> <ul> <li class="mb-4">Home equity loan</li> <li class="mb-4">Home equity line of credit (HELOC)</li> <li class="mb-4">Cash-out refinance</li> <li class="mb-4"><a href="https://sleeveuphomes.com/what-are-the-pros-and-cons-of-reverse-mortgage">Reverse mortgage</a></li> <li class="mb-4">Personal loans from banks or credit unions</li> <li class="mb-4">Government loans meant for home improvements</li> </ul> <h2 class="mb-4">Will You See a Return on Investment at Resale?</h2> <p class="mb-4">Finally, an important question to ask is - will all these projects intended to increase home value have the same return? And, of course, the answer is no. In general, larger, more expensive projects have a lower ROI in percentages than smaller ones, but add more value to your home at sale if you are looking at the dollar amount.</p> <p class="mb-4">And it is always important to consider the trends in your local real estate market and the demographic you are targeting. Younger buyers are often looking for smart homes, while older buyers are more appreciative of accessibility.</p> <p class="mb-4">Adding a pool or luxuries master suite may be a good move if you are selling a house in an affluent neighborhood, but it is more than likely not a wise investment in most other locations. In the end, always remember what type of home you are selling and who would be interested in buying it.</p> <h2 class="mb-4">What Is the Best Way to Sell without Remodelling?</h2> <p class="mb-4">In case these projects are too much of a financial burden or you can’t take them on due to time constraints, you can sell your house to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your home in the state it’s in and always pay top dollar.</p> <p class="mb-4">Because we are not wholesalers but local Southern California investors that finish all repair and remodeling projects in-house, we can always make you a better offer than they could. But don’t take us at our word – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> and see that we mean it when we say we offer more.</p>
            • images{"1":"ef28ca4c-8fd5-48b3-aadb-65437e2bc841_increase-home-value.jpg"}
            • short_descriptionWhat are the best projects that can increase home value? Read on to learn what you should focus on in your situation and how to make a wise investment.
            • keywordsWhat are the best projects that can increase home value? Read on to learn what you should focus on in your situation and how to make a wise investment.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/helpful-tips-for-your-next-living-room-remodel-project" }, "headline": "6 Helpful Tips For Your Next Living Room Remodel Project", "description": "Living room remodel can be done without the unnecessary stress and chaos. Read this article to start planning your next interior renovation the right way.", "image": "https://sleeveuphomes.com/files/blog/c52322ba-ed0d-4667-8759-a2968b44acb1_living-room-remodel.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-04-15", "dateModified": "2022-04-15" } </script> <p>While bedrooms are very important for every individual’s piece and identity, the living room is probably the most important place for the family as a whole. This is the area where all of us entertain, relax, sit around the TV, and discuss family issues. This is the place of living and every member of the household should feel safe and comfortable in it, which is why a living room remodel is usually the first and sometimes the only step of interior remodeling.</p> <p>Both listing and selling agents are real estate agents and they help their clients get the best offer out there, but the main difference is precisely the client. <strong>A selling agent represents a homebuyer, while a listing agent represents a home seller</strong>. Oftentimes one real estate agent can do both jobs, depending on the client, but some agents prefer to specialize in one or the other. There are cases when one agent represents both parties during a transaction, but it is frowned upon and an agent has to show unwavering unbiased.The right kind of planning can help you make the process less stressful, as it can get messy and tiring. Living room renovation can bring unplanned costs, mess up your home, and bring overall frustration to your household. It doesn’t have to be this way if you do the first few steps right.</p> <p>Look at your living room and note the things you do not like, write them on a piece of paper, and try to calculate the possible budget for that project. If the budget seems too high for you, prioritize the things you need to do that fit into your budget. In this article, we laid out some tips and ideas for your next living room remodel, many of which will work for you even if you are doing it on a budget.</p> <h2>Living Room Remodel Factors to Consider</h2> <p>You need to factor in the size, layout, style, and budget when planning your remodeling project. These four things will depend on one another, and you need to be precise with all of them before you start tearing something down or buying furniture.</p> <p>Having the right dimensions for your living room will save you a lot of trouble in the long run. Apart from the standard room dimensions: length, height, and depth, you need to measure angles, windows, wall surface, and any unusual corners that you might have. Knowing the exact size of the place will help you plan the budget, as many contractors get paid by the square foot.</p> <p>The dimensions of the existing area could help your living room remodel if you are looking for a change in the layout. Layout change might affect the size or it can mean changing the flow of the room - adding or removing a window, or rearranging the furniture.</p> <p>Style is subjective, so there is no need to make big changes if you like the general feel of it right now. On the other hand, living room remodel ideas are everywhere on the internet if you wish to reevaluate your style and then you can decide if you are going to change it. Styling your interior may require some layout changes, but it is also possible to do it on the budget.</p> <h2>Important Decisions</h2> <p>After you have established the key living room remodel factors, you need to make two decisions that will correspond with your wishlist and the budget - the first one being whether you’ll DIY it and to which extent. Are you going to hire a professional and what for? Additionally, you will need to decide if you are going to do a minor or a major remodel.</p> <p>Sometimes homeowners skip out on professional help because they want to save some money, but it comes back to haunt them after the first unskilled mistake. So you need to objectively evaluate your own skill and knowledge, as well as the scope of the project of the living room remodel.</p> <h3>DIY vs Hiring a Professional</h3> <p>“Do it yourself” projects can be so much fun, a way to connect with the family and save some money. But they can also be frustrating and more expensive than what it would originally have cost had you hired a professional. That is why you should choose wisely what part of your living room remodel is DIY-friendly and when it is time to hire someone who knows what to do.</p> <p>There are only several things you can accomplish by watching a YouTube video. For example, you can probably repost a sofa with appropriate tools, but you might not be as skilled in tiling a wall. Do not overestimate your home repair skills, because it can be more expensive and difficult to restore an unskilled mistake than to “hire a guy”.</p> <h3>The Extent of the Renovation</h3> <p>If you are about to change the whole layout of the house during your living room remodel, you are probably deciding on a major renovation. If, however, you are covering your walls with paint and buying new furniture, that is a minor renovation.</p> <p>Minor renovations can usually be DIY projects, although that is not always the case. On the other hand, major renovation should not be done without the help of skilled labor. Not only that it is not profitable, but it is also unsafe. Major renovations take more time to finish, and you sometimes have to find temporary housing if demolition is a part of your living room remodel.</p> <h2>Rearrange Your Living Space</h2> <p>A <strong>living room is a specific area that historically had a focal point - a TV or a fireplace</strong>, and the rest of the furniture is arranged around that one thing. If you have a fireplace it could be harder to change the layout, but a TV is easily transferable, so moving it to another wall can change the entire room’s appearance.</p> <p>Oftentimes, homeowners line up all of their furniture against the walls even though there is a big space in the middle of the conversation area. This creates imbalance and disrupts the intimacy of the living room. Just pulling your furniture away from the walls can freshen up the room and make it feel cozier and furnished.</p> <h2>Paint and Wallpaper</h2> <p>Sometimes what a room needs is just a fresh coat of paint to look its best. Other times it is not as easy, but finding the right color pallet for your living room is going to change how you feel inside this area. A living room remodel can just be a two-day DIY project if you decide to glue the wallpaper on. This could transform your sitting area from an ordinary room to a luxurious space for the whole family.</p> <p><img alt="Living Room Remodel" class="img-fluid" src="https://sleeveuphomes.com/img/painting-a-room.jpg" /></p> <p>If you are up for a challenge, you could change the texture of the walls, or create an accent wall made out of stone or wood. These projects take a bit more meticulous work and preparation, and you will most likely need skilled help. However, glued-on wallpaper is the easiest wall decor for a living room and is less expensive than all others.</p> <p>Another detailed project that could spruce up your living space is the addition of crown moldings. This is such a small decorative detail in your living room remodel project, but it adds luxury and elegance, and it doesn’t have to be expensive. You can find finished moldings and trims in different sizes, shapes, and materials in craft stores.</p> <h2>Lighting Revamp</h2> <p>A living room needs to be a warm and comfortable place, and if you don’t feel like your living room gives off that energy, it is probably due to bad lighting. There are two ways to improve your lighting situation: adding more windows or changing the electric light sources.</p> <p>Adding a window in your living room is of course a much more demanding job than buying a new lamp, but it is not impossible. Not only by adding a window can you create more light transmission, replacing old windows with new ones can help you achieve the same effect.</p> <p>Adding a new lighting source and creating ambient lighting in your living room can upgrade the space on a budget. Having a ceiling light as your only source of light in the living room can make it cold and uninviting, especially if that light is white-colored. Adding a few table lamps and floor lamps will make your living room remodel easy and quick.</p> <p>You can also add LED strips around your shelves and make them look like luxurious displays, instead of just plain old book racks. Once you realize that giving your living room a makeover can mean just adding some inexpensive details, you will save so much money and time.</p> <h2>Flooring and Carpeting</h2> <p>If your carpet looks old and dusty, if your tiles are cracked, or your wooden floors look splintered and dry - there is no expensive furniture to cover that. <strong>Flooring is what you need to invest in, before anything else</strong>, and it doesn’t even have to be a costly investment.</p> <p>Yes, if you plan on putting marble flooring in your living room it can cost a lot of money, but materials like linoleum or laminate flooring can be a great living room remodel idea for a limited budget.</p> <p>Hardwood floors are very popular and luxurious, but it is expensive and high-maintenance, as opposed to bamboo flooring - which is less expensive and low-maintenance. However, bamboo floors can swell in humid areas, so we advise you to use them if you live somewhere in dry weather.</p> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/living-room-sleeveup-homes.jpg" /></p> <p>Red (and other colored) oxide is a popular flooring situation in many tropical countries because it is cost-effective and not prone to damage. The downside is that it is hard to find skilled contractors in the US.</p> <p>Floor tiling is a good idea for a high traffic area such as a living room, as they are durable and easy to clean. The only downside is that they can feel cold, as opposed to carpets which feel warm and cozy.</p> <h2>Create More Space</h2> <p>Creating more space during your living room remodel project can mean either tearing up the wall and adding more physical space or using some tricks to manipulate the eye. Demolishing a wall to create more space is a major renovation, and you need skilled professionals to check where your load-bearing walls are.</p> <p>If you don’t have more space to spread your living area, having pale-colored walls and especially ceilings is a must. Adding reflective surfaces, like mirrors and other finishes is going to help, but do not overdo it. Add storage to put away stuff you do not frequently use because decluttered space looks wider. How do you renovate a small living room? Decluttering is the best way to do it on a budget.</p> <p>Use color in a way to enunciate space, and textures to create coziness. If you put an area rug, do not make it too small as it will feel too jammed, and install the curtains and shelves at the top of the wall to make it look elongated.</p> <h2>Furniture: New or Renew</h2> <p>There are many living room designs and sitting room ideas on the internet, which suggest buying new furniture. First, if you decide to buy new stuff, make sure to buy something that will not go out of style in a few years. A living room remodel should not be a frequent project, especially if it is a major renovation. And second, if you were wondering “how do I renovate my living room on a budget?”, the answer is revamping existing furniture, instead of buying new.</p> <p><img alt="Husband And Wife Carry Sofa" class="img-fluid" src="https://sleeveuphomes.com/img/furniture-in-living-room.jpg" /></p> <p>Renovation of the old doesn’t necessarily mean buying new, as you can restore an old couch by cleaning it thoroughly, reposting it with new material, and adding decorative stands. The same goes for cabinets, doors, and shelves: fresh paint and new decorative details will save you thousands of dollars worth of furniture.</p> <h2>Why Are You Remodeling?</h2> <p>An important question to ask yourself is why am I remodeling? Is it to make my living area more comfortable or functional for my family? Or am I just looking for a way to invest so I can attract more buyers and get a higher price when selling?</p> <p>If you are looking to sell your house, there is no need for a living room remodel, because <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> looks for potential in your home and offers top dollar for it. You can request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and decide if you really need to change your living room design or if you can simply sell as-is.</p>
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            • short_descriptionLiving room remodel can be done without the unnecessary stress and chaos. Read this article to start planning your next interior renovation the right way.
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            • titleWhat Are the Hidden Costs of Buying a Home?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/hidden-costs-of-buying-a-home" }, "headline": "What Are the Hidden Costs of Buying a Home?", "description": "The hidden costs of buying a home can be an unpleasant surprise if you don’t expect them. Read on to learn what they are and how to calculate them.", "image": "https://sleeveuphomes.com/files/blog/ae8fd54c-f06e…b8a0-729c17a569db_hidden-costs-of-buying-home.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-04-28", "dateModified": "2022-04-28" } </script> <p>Buying a home is by no means an easy process, particularly when there are so many things written in fine print that it is hard to keep track of them all. From attorney fees and realtor commissions to the fees you need to pay just to get a loan, these hidden costs of buying a home can easily make you go well over your budget if you don’t account for them.</p> <p>It’s not just about your monthly mortgage payments, but everything that goes along with it – from closing to the ongoing costs of owning a home. That is why this article will list and explain the most common and most expensive hidden costs of buying a home and help you calculate them. So let’s get to it.</p> <h2>The Most Expansive Hidden Costs of Buying a Home - the Closing Costs</h2> <p>Closing costs are traditionally split between the buyer and seller, with the buyer paying the largest chunk. In a seller’s market, like it is in most of the US currently, it’s not uncommon for the buyer to offer to pay the entirety of the closing costs.</p> <p>And <strong>these hidden costs of buying a home can add up to between 2% - 5%</strong>, so you definitely need to factor them in. The most common closing costs for buyers are:</p> <h3>1. Fees for Getting a Loan</h3> <p>We’re not talking about the interest you’ll be paying off during the life of your loan, but the actual fees you need to pay to get the loan itself. First, you will need to pay an application fee for your application to be processed.</p> <p>Not all lenders charge this and it is often negotiable. So ask your lender what you need to pay and what the service covers. Then you will need to pay an underwriting fee – the money your lender charges you for doing research on whether you will get approved for a loan (it is often done together with an appraiser).</p> <p>Then, you need to pay for the credit report, where your lender checks your credit history through the Tri-merge credit report. This credit report fee may be included in your application fee. <strong>All of these fees can be subsumed under origination fees and typically cost between 0.5% to 1% of the value of your loan</strong>.</p> <h3>2. Appraisal Fees</h3> <p>A <a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work">home appraisal</a> is the process of determining the market value of a property by a professional third party. In practice, you will need to have the house you are looking to buy appraised before you qualify for a loan. Even if you are not taking out a loan, getting the property appraised is a smart move that helps you avoid overpaying.</p> <h3>3. Home Inspection Fees</h3> <p><img alt="Home Inspection" class="img-fluid" src="https://sleeveuphomes.com/img/home-inspection.jpg" /></p> <p>As the buyer, you will also need to pay for a home inspection, if you wish to have it done. Unlike a home appraisal, a home inspection is about assessing the current state of the property, with a focus on finding issues with the home. <strong>While a home inspection is optional, it is generally a wise choice to have it done before signing any contract</strong>.</p> <h3>4. Escrow Funds (and Escrow Fees)</h3> <p>Your lender may require you to pay for certain items upfront – such as property taxes and insurance. These funds will be kept in an escrow account, and while this is something that you would need to pay after you bought the house regardless of what your lender requires, it is still something to consider when budgeting for your purchase.</p> <p>Think of it like this – your lender requires that you pay for property taxes and homeowner insurance for a year at closing (this is a bit of an extreme example, but still plausible). Based on the value of the property, you <a href="https://sleeveuphomes.com/how-is-the-los-angeles-county-property-tax-rate-determined">calculate that the property taxes</a> will be around $2,000 and $800, so you need to set aside $2,800 more to buy the house.</p> <p>This is money well used and something you would probably end up paying regardless of the situation, but most people forget that they need to pay it upfront at closing, which makes them hidden costs of buying a home. On top of that, you will also need to pay the escrow fees – the cost of the escrow services themselves.</p> <h3>5. Private Mortgage Insurance</h3> <p>When you get a conventional loan and put less than 20% down at closing, your lender will likely require you to pay private mortgage insurance. <strong>The insurance is based on the amount you borrow and varies from lender to lender</strong>. The standard range of PMI is between $30 - $70 for every $100,000 you borrow.</p> <h2>The Realtor Commission – Calculate the Actual Cost of Your Purchase</h2> <p>For this hidden cost of buying a home, we are assuming both you and the seller are using the services of real estate agents. If this is not the case, you may have more leeway to negotiate a lower price, as <strong>the agent commission is often between 5-6% of the value of the property that is being sold</strong>.</p> <p><img alt="calculating hidden costs" class="img-fluid" src="https://sleeveuphomes.com/img/calculating-hidden-costs.jpg" /></p> <p>But how is this a hidden cost of buying a home when most people account for the agent commission? Because the commission is traditionally paid by the seller, yet it is not always so. The seller may ask you to split the commission as a concession and in a seller’s market, you may need to accept or lose the house.</p> <h2>Don’t Forget About Property Taxes</h2> <p>The only two certainties in life are death and taxes, right? Naturally, you’ll be paying property taxes on the home you buy, and these charges may be negligible or game-changing depending on where you live.</p> <p>The issue is that some lenders roll up your property taxes with your monthly mortgage payments, which makes them easy to forget about. However, <strong>property taxes are fees independent of your mortgage</strong> – in other words, they can rise or fall independently. And, let’s face it, they are likely to rise.</p> <p>Property taxes aren’t necessarily hidden costs of buying a home, but they are hidden costs of owning a home. In short, account for the property taxes you will be paying for as long as you will own the home, as they can make up a significant portion of your monthly payments.</p> <h3>HOA Feesg</h3> <p>Similar to property taxes, homeowner’s association fees are one of the constant costs of owning a home that not every buyer considers before they buy a house. While some HOA fees are truly insignificant, some HOA fees are substantial.</p> <p>Make sure you know what you are getting yourself into if you are buying a home in an HOA area and calculate the costs accordingly. Additionally, <strong>there is an HOA transfer fee that needs to be paid when a home is sold</strong>. Like the realtor commission, this is something typically paid by the seller, but you may need to pay it in a competitive market to sweet the offer you make.</p> <h2>Moving Costs</h2> <p>Finally, we get to the last hidden cost of buying a home – the moving costs. While you are surely not surprised that you will need to pay for the move, many homebuyers are often unpleasantly surprised at the amount they need to pay.</p> <p><img alt="Moving House Company" class="img-fluid" src="https://sleeveuphomes.com/img/moving-costs.jpg" /></p> <p>Moving costs can easily go into the thousands, so account for them when budgeting for the purchase. The main factors that determine moving costs are the distance of the move, the number of items that are being moved, and the season of the move.</p> <p>In simple terms, <strong>the farther away you are moving and the more items you have, the more you will pay</strong>. On top of that, movers will charge higher rates during the peak season, which is summer.</p> <p>Here’s a tip to save a bit of money – it is common practice to hire movers well in advance and negotiate lower rates.</p> <h2>What Are the Hidden Costs of Selling a House?</h2> <p>Similar to the hidden costs of buying a new home, there are many hidden costs to selling a house, with the two largest being – the closing costs and realtor commission. However, sellers have a much easier time avoiding these costs and keeping the profits for themselves.</p> <p><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys houses directly, without any middlemen, so there are no realtor commissions. Plus, we take care of the closing costs. So if you are looking to sell your property, contact us and <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a> to get top dollar for your home.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/best-time-to-buy-a-house" }, "headline": "House-Buying Seasons: When Is the Best Time of Year to Buy a House?", "description": "There are four homebuying seasons in a year, but they’re not equal. So, when is the best time of year to buy a house? Read this article and find out.", "image": "https://sleeveuphomes.com/files/blog/78ea017f-8a86-4744-9758-2f1f3de2b30e_family-holding-keys-after-buying.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-03", "dateModified": "2022-06-03" } </script> <p>Buying a house is one of the most important decisions a family can make because it affects their foreseeable future. For many people, it is the most significant expense, for which they save money years in advance. For this and other reasons, this decision has to be carefully thought out. You need to answer many questions, starting with: when is the best time of year to buy a house?</p> <p>You don’t want to make the mistake of entering the buying journey when the prices and competition are the highest because you will get frustrated in no time. Of course, the perfect time to buy a property will mostly depend on your financial situation and motivation, but there are still home buying seasons that will be more favorable for you than others.</p> <p>To help you out, we made a comprehensive guide to home buying seasons to answer when the best time of year to buy a house is.</p> <h2>Buying a House in this Economy</h2> <p>Not everybody is equipped with knowledge about real estate trends, and not everyone has to be. Still, you should get familiar with the market you are about to enter. Market awareness will help you create reasonable expectations and prepare you for some situations that would otherwise be unpredictable.</p> <p>Find out what is the average rate on a loan you are interested in and find out how much is the median price in your local housing market. With these numbers, you would be able to calculate your potential monthly mortgage payment.</p> <p>When is the best time of year to buy a house if that year marks high prices and low supply? If you hear people say that it is a seller’s market, prepare for bidding wars, low inventory, and overpriced properties. In this context, it is imperative to wonder: When should I buy a house - because it could save you thousands of dollars.</p> <p>On the other hand, a favorable market would be called a buyer’s market, explaining the situation when the competition is low, and houses are affordable. However, the seller’s market usually has lower mortgage rates, so although properties are more expensive, homeowning can be easier to maintain with lower interest on monthly payments.</p> <h2>Spring Homebuying Season</h2> <p>Ask a seller - when is the best time of year to buy a house? - and they would tell you that it’s spring. Spring marks many new listings because many people move once school is done so they wish to be set. Another reason why many people decide to list it during spring is because they can hide all the unwelcome issues: heating and insulation problems, leaks, and other cold weather-related issues.</p> <p>These reasons make up for a market with higher inventory, but it brings more challenges. Try to understand whether you care more about the prices or choices while asking yourself when is the best time of year to buy a house. Because you will have a lot of properties to choose from during the spring season, one of them will most likely be your dream home. However, buying a house in the spring means there’s more of a chance to face a bidding war than in any other season.</p> <p>Entering the market in the spring will make the most sense for people looking to relocate. Kids are about to finish school, and having a summer to get acquainted with the new neighborhood is very important for families with kids. Additionally, spring brings good weather, which motivates potential buyers to go on a house hunt.</p> <h2>Buying a Property in Summer</h2> <p>The summer season is not the same in every local real estate market, as it highly depends on the weather conditions in the area. Some places in the US can get humid and hot, and people lose spring motivation during those times.</p> <p>Other places have a comfortable temperature that only aggravates the demand - people trying to relocate before school starts. Still, the demand will quiet down by the end of the summer, and there will still be listings left. Early September is the perfect time to buy a house because the prices are somewhat lower, but there are still places to choose from.</p> <p>In the case of real estate, patience is rewarded because discounts come at the end of the summer months. The autumn season marks low prices and lower inventory; furthermore, fewer people are buying a place.</p> <h2>Fall Season in the Real Estate Market</h2> <p>Buying a home during the autumn months may be a great idea if you are on a budget. Fall lacks the volume of inventory that spring and summer have, but it offers lower prices. First, the market will be full of places that couldn’t make the sale during spring and summer so the owners will discount it in despair.</p> <p>Sometimes, listing a house during fall and winter can mean “I am in a hurry to sell this place”. The urgency of the sale can decrease the value of the house, and it is a great opportunity for you to save a couple of thousand dollars.</p> <p>If you decide to start searching for a house during the autumn months, your real estate agent will deal with you with much more care and attention. We’re not saying that real estate agents don’t usually do their jobs properly, but they will just have more time for you when they don’t have five other potential clients.</p> <h2>Homebuying during the Holiday Season</h2> <p>If you wonder when is the best time of year to buy a house while you are on a budget - it will probably be winter. Winter is the peak holiday season for many American families. During this period, most people are less likely to make some big, life-changing decisions and high expenses.</p> <p>This bodes well for you as the buyer because the demand is low, and the sellers who listed their properties will be eager to sell as soon as possible. Additionally, real estate agents will want to make money on their commission during the slow period, which will motivate them to work harder, negotiate, and find you the best deal.</p> <p>The beginning of winter marks holidays and yearly taxes, both of which are stressful for a homeowner. During that time, some people realize that they cannot afford their house, and they list it for a lower price than they would in the spring. Since the home loses value with each day it spends on the market; they will be motivated to sell it as soon as possible.</p> <p>Another reason why winter is the best time of year to buy a house is that you get to see the house in its worst condition during that harsh winter weather. As we stated before, spring tends to improve a property’s look, but winter does the opposite. Sellers will have a more challenging time hiding the imperfections during winter.</p> <p>To answer the question of when is the best time of year to buy a house on a budget - winter, but more precisely, December. There are extreme price reductions in the housing market, and the loaning process is faster, so you get easier to the closing because other actors in the home buying process don’t have a busy schedule.</p> <h2>Personal Circumstances as Homebuying Factors</h2> <p>Your personal situation answers the question of when is the best time of year to buy a house better than we ever could. Are you in a favorable financial situation? How high is your credit score? Are you expecting any other significant expenses in the near future? Can you afford to lose a huge chunk of your monthly income and still function normally? These are all important questions to ask yourself before entering the market.</p> <p>Explore other hidden costs of being a homeowner, because some reports show that there are around $9,000 collected in annual hidden homeowning costs. Prepare to have emergency money for house repairs and maintenance. If you have all of this figured out, only then can you say that you are ready to start househunting.</p> <h2>Is there a Bad Time to Sell a House?</h2> <p>The worst time to sell a house would be the exact opposite of the best time to buy a house. The sellers should usually avoid winter because fewer people are on the market, especially families with children. Winter is when your listing could be taken as “urgent” and desperate, discouraging buyers from competing for a higher price.</p> <p>However, with <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>, there is no wrong time to sell a house. Some would say that listing a property during the winter could make it stale once people come back from holiday vacations prepared to buy. We will buy your house for top-dollar, as is - winter or summer, raining or snowing. No need to worry; just contact us and <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a>, no strings attached.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-long-does-it-take-to-sell-a-house" }, "headline": "How Long Does It Take to Sell a House in the US?", "description": "Selling a home can be stressful and time-consuming, so you might wonder how long does it take to sell a house. Here are some dos and don’ts tips for selling a house.", "image": "https://sleeveuphomes.com/files/blog/1f99d9f7-589d-4fdb-ae97-85bf1e51ecd9_front-yard-sign-house-for-sale-by-owner.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-07-11", "dateModified": "2022-07-11" } </script> <p>Selling a home can be stressful and time-consuming, so you might wonder how long does it take to sell a house. The average sale takes anywhere from 60 to 90 days, depending on the area of the country.</p> <p>If you want to get top dollar for your home, you'll need to plan ahead and prepare for the worst-case scenario. Selling a home can be a very emotional experience, but there are several things that you can do to take control of it.</p> <p>We created this article as a guide through the home selling process, so there are dos and don’ts, as well as some worst-case scenarios that you should nick in the bud before they complicate your life.</p> <h2>Worst-Case Scenarios</h2> <ul> <li>Your home isn't listed properly. Listing a house take skills and real estate knowledge, if you list it the wrong way there is a chance it’ll stay unsold for a long time.</li> <li>Too high or too low price. The pricing is disregarding the market conditions or the real value of the property. Real estate agents use <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">real estate comparables</a> and market research to evaluate your property’s value. Without this analysis, it’s hard to pinpoint a price and you can make a grave mistake.</li> <li>Bad location. Your home is located in an undesirable neighborhood, either as a consequence of redlining or because there are some modern obstacles</li> <li>Bad market conditions. The market has dropped too low or the housing bubble burst so the value of homes has not increased as quickly as it did before 2004.</li> <li>Wrong pick of a real estate agent. Your real estate agent doesn't provide any help when needed, they have too many other clients or are not experienced enough to help you with the sale.</li> <li>You can’t pass the inspection check. A contractor made major mistakes that are causing your home to become unlivable and unsellable. Either that or you're unable to make necessary repairs to keep your property in its best condition because you do not have enough money left after making all mortgage payments.</li> <li>There is a problem with the title or you have liens on the property. When you bought a house you didn’t sign a warranty deed and didn’t check the full title history of the property. Now it came back to bite you.</li> <li>Your timing is off. <a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house">Listing a house around the holidays is not a good idea</a>, especially if you want to get top dollar for it. The holiday season is when the market rests, amid other expenses and commitments. Only those sellers who are in desperate need of selling are putting their place on the market. Buyers know that and offer less money than they would in, say, March or September.</li> </ul> <h2>Things to Do for A Speedy Sale</h2> <p>Selling a house can be confusing and frustrating especially when dealing with emotions and stress. By taking a few simple steps beforehand, you will greatly reduce the amount of work involved once you actually decide to list your property.</p> <p>Before you do anything, think about your current situation - emotional and financial. This is to ensure you are ready to take the next step. Some people realize too late in the process that they are not ready to part ways with their home and family heirlooms.</p> <p>Here are some tips on how to prepare and what to expect as you begin preparing to put your home up for sale.</p> <h3>Staging and Curb Appeal</h3> <p>Cleaning and staging are essential for a speedy sale. Go through your house like it’s not your own. <a href="https://sleeveuphomes.com/the-home-selling-conundrum-should-i-sell-my-house-as-is-or-fix-it-up">If you spot something that's ugly and easy to do, fix it right away</a>. From dirty windows to broken screens, make sure to get them just right for the showings.</p> <p>If you notice anything else, now is the time to correct it. Small things really stick with the buyer, and why lose their offers on easily fixable details?!</p> <p>If you think you have no idea where to start, try hiring a professional stager or get your real estate agent to help you with it.</p> <h3>Get rid of clutter!</h3> <p>Throw out old boxes, magazines, newspapers, and junk mail. Remove personal photos, calendars, books, clothing, etc.</p> <p>You may also consider getting rid of non-collectible antiques such as china, crystal, art glass, silverware, etc. If you haven't used something for years, throw it out so that you can start fresh or put it aside.</p> <p>Decluttering beforehand will help you pack once you are ready to move out but more importantly it will allow the space to breathe and the buyer to envision themselves inside that house.</p> <h3>Clean up the yard!</h3> <p><img alt="Gardener Mowing Grass And Cleaning Backyard Garden" class="img-fluid" src="https://sleeveuphomes.com/img/gardener-mowing-grass-and-cleaning-backyard-garden.jpg" /></p> <p>Weeding, pruning trees and bushes, mowing grass place instead of marketing it. Make sure that the lawn is trimmed evenly all the way around.</p> <p>Weeds are unsightly and could cause problems if they grow large enough to interfere with visibility. You should keep the overgrown areas short especially If you are selling an older home.</p> <p>Some people even trim back the shrubbery to give the house a more modern appearance. You can try to match the color and style of the front porch, too. Give it a comfy look, people will feel more at home if they see a nice front porch.</p> <h3>Make sure that nothing smells funky</h3> <p>If there are any signs of food spoilage or mold, you should fix that right away. Funky smells immediately repel the buyers. If you enter a smelly room, you won’t be imagining yourself living in that space.</p> <p>Unfortunately, people often get accustomed to the smell of their house, so it would be a good idea to call up an honest friend and have them tell you if there is anything wrong.</p> <h3>Repair major damage so the buyer isn't surprised</h3> <p>For example, if there is water damage, try to have it repaired so it doesn't show. Repairs help you preserve the value of the home and increase its chances of selling quickly. On the other hand, if the roof leaks badly, then you may want to replace it right away.</p> <p>There are companies that specialize in roof repair and replacement. If you choose to leave the leaky roof alone, at least patch it up so you don't get too much rainwater onto the flooring below.</p> <h3>Put together a price reduction schedule.</h3> <p>You'll probably want to reduce the asking price because the market is slowing down. However, if you're trying to sell a newer home, price reductions could actually hurt your ability to sell quickly.</p> <p>So decide ahead of time whether you'd rather lower the price yourself or would prefer that your realtor handle that task.</p> <h3>Invest in Marketing</h3> <p>In today’s day and age, when you market a property well, it can make it sell much faster than anything else. Create virtual tours, take good pictures for your target buyer, and be available to interested house hunters.</p> <p>Working with an old-fashioned real estate agent can be challenging if you want to modernize the sales process. Talk about innovation when you first look for an agent. In light of the reports showing how many houses had offers after people only saw them online, it’s safe to say that you should market your house in more ways than one.</p> <h2>When Is the Best Time to List a Property</h2> <p>The best time to list a property will depend on the weather conditions in your area. However, there are some unwritten rules when it comes to selling a house. For example, if it’s a rainy period - wait until the sun starts shining to open your house for showing.</p> <p>Not that people will not buy it if there is rain outside, it’s just the psychological effect of the bad weather. When it’s rainy, everything is damp and grey. If you have some leaks, they’re going to be more noticeable. People will bring the mud and moisture in with their shoes.</p> <p>As the sun starts shining, you can show the best colors of your house - metaphorically and for real. You can show how open the space is when the light shines through the windows, and how the buyers can have a nice barbecue day in the backyard. It is easier to imagine a nice life in a house when the weather is nice.</p> <h2>How to Sell Without Any Repairment and Hassle</h2> <p>With all of this being said, there is one way to sell your house for top dollar without all the hassle. You don’t have to think about repairs, seasons, or weather - when you can just contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> and get the best price for your house as-is.</p> <p>We guarantee $10,000 more than what anyone will offer. But don’t take our word for it, <a href="https://sleeveuphomes.com/request-offer">request the offer</a> and see it for yourself.</p>
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            • short_descriptionSelling a home can be time-consuming and stressful. Curious about the timeline? Discover dos and don'ts for a quicker sale.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/best-way-to-prepare-for-an-inspection" }, "headline": "What Is the Best Way to Prepare for an Inspection?", "description": "Home inspections are an important step in buying or selling your home. As a seller, you might wonder what is the best way to prepare for an inspection.", "image": "https://sleeveuphomes.com/files/blog/065c4e6e-a6d5-4b58-9dab-d25ab54284b2_young-woman-inspecting-house.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-07-13", "dateModified": "2022-07-13" } </script> <p>The real estate market has seen a massive increase over the last decade. This means that people are now considering buying instead of renting their next residence. Homebuyers are no longer interested in living in subpar housing. They want homes that meet current standards and provide the most value possible. As a seller, you might wonder what is the best way to prepare for an inspection.</p> <p>An experienced person can save you hundreds of dollars. A reputable inspector will inspect every aspect of your property. He or she will look at things such as roofs, electrical wiring, appliances, heating systems, plumbing, doors, and windows. But let’s start from the beginning - what to expect from an inspection?</p> <h2>What to Expect from an Inspection?</h2> <p>Home inspections are an important step in buying or selling your home. A home inspection gives buyers and sellers alike a chance to see if there are any major structural defects in the property. It also allows them to get a sense of whether the house is livable, and if not, to negotiate a lower price.</p> <p>Home inspectors usually visit the property at least three times during the course of the inspection. During each visit, they'll check the roof, walls, floors, foundation, heating system, plumbing, electrical systems, appliances, windows, doors, insulation, drywall, ceilings, attic space, crawlspace, garage, exterior siding, decks, fences, landscaping, and other areas.</p> <h2>Home Inspection Costs</h2> <p>Home inspections are often done by professionals, and sometimes buyers will pay for them themselves. This can help you feel confident about buying a house. If you're selling your home, you might also want to arrange for your own inspection.</p> <p>You could even ask if the seller will pay for it. That gives you time to fix any problems you find. This means that you should always hire an inspector yourself. You should also ask your realtor if they know any inspectors who might be interested in working with you.</p> <p>Either way, an ideal situation suggests that a property should be inspected twice - once before a seller lists it to establish its condition and possible repairs, and the second time before a buyer goes along with the sale to meet all contingencies.</p> <h2>What do home inspectors look for?</h2> <p>A certified home inspector will check all aspects of your home, from heating systems to windows. They'll also check the roof, foundation, walls, ceilings, floors, attic, and basement. A certified home inspector will inspect everything from the exterior to the interior of your home</p> <h3>Structural Components</h3> <p>Inspectors aren't allowed to enter your home unless you give them permission. However, if you're willing to let them see inside, they'll be able to tell whether there's any damage to the structural components of your home.</p> <p>If there are issues with the structure, it’s considered a major repair. In that case, you may need to call a professional to fix it before they can sign off on your home inspection.</p> <h3>Clean and Declutter</h3> <p>If you're planning to sell your house, then you should consider hiring an experienced professional to clean out your home before listing it. This will help you sell your property faster and at a higher price.</p> <p>If you hire a professional, they'll be able to thoroughly clean out every inch of your home, including areas that you may not even think about. You can save yourself time and money by getting rid of clutter and junk first.</p> <p>If you haven't used something in over a year or if it doesn't bring you joy, then it should go. You don't need it anymore. Decluttering helps you feel organized and ready for any type of inspection. It will help you focus on what matters most when preparing for an inspection.</p> <h3>Prepare all Areas of the Property</h3> <p>Your attic, basement, garage, and other storage areas might seem like a place to put stuff you don’t need anymore, but they will be on a home inspection list, so make sure to keep them neat and tidy.</p> <p>We also recommend moving items out of these spaces temporarily when preparing for an inspection. Closets packed full of boxes, clothes, sports gear, and more is a big turnoff to potential buyers.</p> <p>During the visit, an inspector will need to check your appliances to make sure they are in good working order. You may need to remove items like furniture to make space for them to move around. It is also important to clean up any clutter and debris in the area to help prevent injury.</p> <h3>Curb Appeal</h3> <p>Curb appeal is all about the exterior. We’re maybe not judging a book by its covers, but we’re judging a house by its front and back yard, paint job, and neat pool. Make sure that there aren't any issues with the foundation, roof, or plumbing. If you've got a pool, make sure it's safe and ready to use. And lastly, make sure the lawn is well maintained.</p> <h3>All Utilities Should Be Maintained</h3> <p><img alt="Man Repairing the Sink" class="img-fluid" src="https://sleeveuphomes.com/img/man-repairing-the-sink.jpg" /></p> <p>If you're still living in the house, your utility bills should be paid. You'll need to turn on the water, electricity, and gas to ensure everything works properly. If you've already listed your home, an inspector will need to check that the utilities are turned on. If not, they’ll need to contact you about turning them back on.</p> <p>If you see something out of place, fix it right away. Make sure all appliances are plugged in properly, and that there are no loose wires. Check your smoke detector and carbon monoxide detector regularly, and replace any batteries if necessary.</p> <p>Also, check your breaker box to ensure that every switch is labeled correctly and that all labels are easy to read. Check your smoke detectors regularly. Replace any batteries that need replacing. If there are any problems, call an expert to come and fix them.</p> <h3>Stay on Top of Your Maintenance Before the Pre-Inspection</h3> <p>You should always keep an eye out for potential problems before the professionals arrive. If you're not sure what needs to be done, keep track of all things in the house that are harder to do than they should be</p> <p>There are always little things that we all avoid fixing because they are minor inconveniences. These little things might be an issue once the inspector comes to check everything out, so it would be best to get them out of the way.</p> <h3>Provide maintenance records</h3> <p>If you've ever done any home improvements, renovations, or repairs, it might be helpful if you provided them to an expert who comes to do an inspection. For example, this would help explain any changes that weren't on the original building plan.</p> <h2>The Lenght of an Inspection</h2> <p>An average house inspection usually takes between 2 and 4 hours, unless there are extraordinary circumstances. The length of an inspection can vary based on:</p> <p>Size of the home</p> <p>Number of defects</p> <p>Depth of the inspector</p> <p>How well the homeowner prepares for the inspection.</p> <h2>Should sellers make repairs before the inspection?</h2> <p>When you're selling your house, you'll want to get a home inspection done before listing. Home inspections help buyers understand all aspects of the home, including any potential problems.</p> <p>You might know about a few things yourself, like if there's a leaky faucet or if the roof needs repair. But you won't know everything. A professional home inspection will give you a complete picture of the property.</p> <p>Cherry picking is when you choose only the best parts of something. You pick out only the best parts of an object, like the best parts of a fruit salad. It's not always bad, but it can be very misleading if you're trying to get a full picture of what someone does well.</p> <h2>How to Avoid Repairment Hassle?</h2> <p>Inspection is the key component of every home sale. However, there are ways to skip out on repair costs. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house as-is, with no renovation needed, not even a fresh coat of paint.</p> <p>We will buy your house for top dollar with $10,000 guaranteed above what others offer. Contact us, or better yet, <a href="https://sleeveuphomes.com/request-offer">request an offer</a> and see it for yourself.</p>
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            • short_descriptionHome inspections are an important step in buying or selling your home. As a seller, you might wonder what is the best way to prepare for an inspection.
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            • titleSelling a House with Tenants
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/the-way-selling-property-with-tenants-should-be-done" }, "headline": "Selling a House with Tenants: How It Should Be Done", "description": "Selling a house with tenants can be a hassle especially if your rental property is occupied on a fixed lease. However, there are ways to do it properly.", "image": "https://sleeveuphomes.com/files/blog/48208a5a-77c4-4138-b813-5e02d00b41e3_selling-a-tenant-occupied-property.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-07-28", "dateModified": "2022-07-28" } </script> <h2>Can You Sell a Tenant-Occupied Property?</h2> <p>Selling a house with tenants - is it possible? And the answer is simple – yes, selling a tenant-occupied property is within your rights. But the process is not as simple as if your property were unoccupied, both from a practical and legal standpoint. There are landlord-tenant laws that limit your selling process. However, there is a way to do it right.</p> <h2>The First Step in Selling a Tenant-Occupied Rental</h2> <p>So, you've grown <a href="https://sleeveuphomes.com/i-hate-being-a-landlord-what-can-i-do-with-my-properties">tired of being a landlord</a> and know you can sell a tenant-occupied rental property? Now it's time to learn the best way to do it. You need to consider several factors on top of the specific laws applicable to your location. While the general principle is similar in all states, cities may have additional laws that regulate the sale of an occupied property.</p> <p>The most important factor you should determine is what kind of lease terms you have. This will determine the rest of the selling process. If your tenant has a month-to-month lease, the process is rather straightforward. On the other hand, a tenant with a fixed-term lease complicates things. Let's dive deeper.</p> <h3>A Tenant with a Month-to-Month Leasec</h3> <p>A property with tenants living in it on a month-to-month lease is much easier to sell, but you still have obligations, and the renters have their rights. They deserve to have proper notice about the sale.</p> <p>In most states and cities, you can terminate a month-to-month lease without a specific cause or provide explanation. You need to provide an advance notice (usually between 30 to 60 days, as stipulated by the lease terms) that the lease is ending, and you can sell your property as you see fit.</p> <h3>A Tenant with a Fixed-Term Lease</h3> <p>Selling a tenant-occupied property if the tenant has a fixed-term lease is more complicated. Assuming they are paying their rent on time and honoring the lease terms, they have a right to live in the property until the lease is over. This can be circumvented if the lease contains an early termination clause, but that is on a case-by-case basis.</p> <p>Similarly, you can evict your tenant if they are not honoring the lease terms. However, you must have justified cause for eviction, so you can't simply change the terms of the lease arbitrarily in the hope the tenant will break them, and you have cause for eviction. Most states have some form of <a href="https://sleeveuphomes.com/what-is-rent-control-and-is-it-beneficial-for-tenants-and-landlords">rent control laws</a> that severely limit what you can do to the terms of the lease.</p> <p>In any case, starting the eviction process because you want to sell your rental house is often the worst move you can make for several practical reasons that we'll get to later on. Another option is to wait until the lease is over and put the house on the market then. If this is not a practical solution, your final option is to sell your property while your tenant still occupies it.</p> <p>Yes, they have a right to live in the house until the lease is over, but you also have a right to sell your house, even if they keep living in it after the sale process.</p> <h2>Putting Your Property on the Market while a Tenant Still Occupies</h2> <p>You are within your rights to sell an occupied property, but selling in this manner entails a few additional practical considerations you should be mindful of. First, how will your tenant respond to the sale? Second, what kind of buyer pool is available to you?</p> <h3>Communicate with Your Tenant</h3> <p>It is of paramount importance that you clearly communicate with your tenant. You will need to hold showings, and your tenant needs to be notified well in advance. If you and your tenant don't have the best relationship, they could jeopardize the sale.</p> <p>If necessary, give them some incentive to keep the home tidy and vacate once potential buyers come to inspect the house. Maybe knock off one month's rent or agree to return the deposit? Showings are an integral part of real estate, and your tenant's willing cooperation could be the factor that makes or breaks a deal.</p> <h3>Who Should You Sell To?</h3> <p>Your buyer pool is limited when you are selling a single-family rental with a tenant still living in it, especially if their lease still has a long time until it expires. Most private buyers that are looking for a home to live in will not be interested in buying a tenant-occupied property. Consequently, make it clear on all adverts and listings that it is an occupied property.</p> <p>Your target buyer will probably be some type of real estate investor. Some real estate investors consider an occupied property a benefit, or at least not a disadvantage. While they are usually interested in larger complexes with multiple renters, they are possibly also interested in single-family rentals. Particularly so if the property is located in an area where rental properties are in high demand.</p> <p>You could also consider selling to the tenants themselves. If they are already living in the property and consider it their home, they may wish to own it, too. The stars may need to align for them to be able to finance the purchase, but this is definitely one avenue you should explore.</p> <h2>Lease-to-Own Agreement</h2> <p>Lease-to-own or rent-to-own agreements offer an opportunity for your tenants to buy the property when the lease is up. Usually, these contracts put the obligations of repairs and general maintenance on the tenant, while the landlord just collects the monthly payment.</p> <p>The contract can either require the purchase, or it can provide an option. Meaning if you and your tenants sign a lease-to-own agreement with a lease-option clause - your tenant can decide if they want to buy the property. Lease purchase is not an option, once you sign it, your tenants are required to purchase the rental when the lease is up.</p> <h2>The Short of It</h2> <p>You can sell a tenant-occupied property, but the tenant may continue living in it until the end of their lease. One of the worst options is to evict your tenant without just cause and face a wrongful eviction lawsuit.</p> <p>Search for buyers that are willing to buy occupied properties or wait for your tenants to move out on their own. If your only option to sell is without a tenant, you may incentivize your existing tenant to leave – paying them a month's rent plus the security deposit (this is sometimes called a ‘cash for keys' agreement) and helping them find a new place to live is often enough.</p> <h2><strong>The Case of California</strong></h2> <p>Selling a tenant-occupied property in California is within your rights, but you have to give your tenant an advanced notice in writing that you will be showing the property to potential buyers.</p> <p>Pursuant to <a href="https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV&sectionNum=1954">California Civil Code 1954</a> , the notice must be given in writing, at least 120 days in advance.</p> <p>In case you have a tenant with a month-to-month lease, according to <a href="https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV&sectionNum=1946.1.">California Civil Code 1946.1</a>, you must provide them with:</p> <ul> <li>30 days to vacate if they have been living in the home for less than a year</li> <li>60 days to vacate if they have been living in the home for more than a year</li> </ul> <p>Fixed-term tenants can continue living in the home until the lease is over, even after you sell it. They continue to pay rent to the new owners under the terms of their lease and may negotiate to move out or continue renting after the original lease ends.</p> <h2>Don't Have Time to Wait for Your Tenant to Move Out?</h2> <p>SleeveUp Homes. We are local Southern California investors that will buy your property as-is for top dollar. You can negotiate all terms of the sale, and we will work out a deal that benefits us both. We don't care about the property damage, or if it is a vacant or a tenant-occupied property - we will go out of our way and help you sell your property.</p> <p><a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and compare it to other offers you've received. We guarantee we'll do better.</p>
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            • short_descriptionSelling a house with tenants can be a hassle especially if your rental property is occupied on a fixed lease. However, there are ways to do it properly.
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            • title14 Mistakes to Avoid when Selling Your Home
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/mistakes-to-avoid-when-selling-your-home" }, "headline": "14 Mistakes to Avoid when Selling Your Home", "description": "Selling a house can get complicated, so it’s important to look for mistakes to avoid when selling your home. You can find them in this article.", "image": "https://sleeveuphomes.com/files/blog/2ded64b1-752c-40da-9d1d-cdc66f7de162_key-and-house-shaped-keychain-ar.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-11-14", "dateModified": "2022-11-14" } </script> <p>Anticipating problems before they occur can help you better prepare for selling your home and make sure everything goes according to plan. Selling a house is a major life change, and it can be tricky when you think about everything a home sale involves, from preparing to making repairs to listing to finding a buyer, etc. And even a minor mistake can affect your finances and sale flow.</p> <p>Whether you’re selling a home first time or have done it before, knowing what mistakes to avoid when selling your home can drastically improve your home-selling experience. That said, here are some of the common mistakes to watch out for when selling a house.</p> <h2>1. Setting the Wrong Price</h2> <p>Pricing a house can be complicated because if you price it too high, you could deter prospective buyers or risk wasting time before reducing the price to <a href="https://sleeveuphomes.com/how-to-get-cash-offers-for-my-house-and-is-accepting-a-wise-move">get an offer.</a> On the other hand, pricing it too low could lead to a loss of profit, sometimes as much as thousands of dollars. Here’s <a href="https://sleeveuphomes.com/How-Long-Does-It-Take-to-Sell-a-House-in-the-US">how long it takes to sell a home in the US.</a></p> <p>Your best bet to set the right price from the beginning is to ask your real estate agent for a comparative market analysis, as, this way, you’ll know how much houses similar to yours are selling for in your location. Pricing the house right from the beginning can help you sell it quickly without losing money or time.</p> <h2>2. Bad Timing</h2> <p>Selling your house at the wrong time is one of the common mistakes to avoid when selling your home, as bad timing can drastically reduce the selling price. Typically, the second half of April is the best time of year to sell - the average US home listed during this period can sell for over $9,000 more than at other times of the year. You should also consider the weather in your area, as this can also impact the final selling price.</p> <p>In addition, you may want to consider how long you have owned the home. To bypass capital gains taxes, you’ll need to have lived in the property for at least two of the last five years.</p> <h2>3. Not Considering</h2> <p>All Home-Selling Costs Here are costs related to a home sale you need to consider to avoid ending up surprised:</p> <ul> <li><strong>Closing costs:</strong> Note that a seller’s portion of closing costs is typically around 2% of the selling price, including a title transfer fee, sales tax, attorney fees, and a fee for an organizer of the final transaction. Agent commissions: Sellers often need to cover the commissions for both their listing agent and the buyer’s agent, and this is usually around 6% of the home price. Still, a good agent will probably help you get more money for your property to cover both their commission and put more money in your bank account.</li> <li><strong>Repairs:</strong> After a home inspection, you will likely have to do some repairs, and based on what repairs you’ll have to make, it could cost you anywhere from a couple of hundred to thousands of dollars. Unless you make these repairs, buyers will likely expect a discount. Still, it’s up to you to decide whether you will <a href="https://sleeveuphomes.com/the-home-selling-conundrum-should-i-sell-my-house-as-is-or-fix-it-up">sell your home as is or fix it.</a></li> <li><strong>Staging expenses:</strong> Staging costs can vary greatly depending on your location, the size of your house, and how much the staging company charges.</li> <li><strong>Seller concessions:</strong> Buyers may try to negotiate with you to set a lower price or offer to pay your full asking price if you offer seller concession, such as leaving items like a dryer or washer, or paying some of their closing costs.</li> <li><strong>Your next house: </strong>You need to ensure you can pay for your new home or find a mortgage that suits your budget. But first of all, you need to ensure you’re free of any debts except your mortgage and have an emergency fund.</li> <li><strong>Moving expenses:</strong> If you hire movers, the average cost to move locally ranges anywhere from $1,000 to $2,500. But if you’re not moving right away to your new property, you need to consider rental and storage fees.</li> </ul> <h2>4. Selling When You Have Negative Equity on Your Home</h2> <p>If you owe more money on your house than it’s worth, you have negative equity on your home. This means that if you sell it, you won’t get enough money to cover your mortgage or agent commissions. If you’re in such a situation, it’s better not to sell unless you want to avoid foreclosure or bankruptcy.</p> <h2>5. Taking into Account Only the Highest Offer</h2> <p>Accepting the highest offer may not always be the best option due to contingencies that need to be met for the sale to close. For example, you may have contingencies that protect the buyer’s interests like an inspection or financing contingency.</p> <p>Contingencies can affect the certainty, timeline, and complexity of the sale. For instance, you may get a high offer that is contingent on the buyer selling their current home. In this case, you’ll need to think about how the uncertainty and added time compare to a lower offer without this contingency.</p> <p>Or, you may have a buyer who is flexible about repairs but offers a lower price, and another who is asking for repair credits but is offering a higher price. That said, you need to consider what works best for your current situation.</p> <h2>6. Avoiding Negotiating</h2> <p>You will likely get offers that aren’t what you’d hoped they would be. In such cases, consider negotiating. Although you may feel your asking price is fair, you need to ensure the buyer also feels like he benefits to close a successful deal.</p> <p>So, if you want to increase the price, you can agree to pay for minor repairs or cover some of the buyer’s closing costs.</p> <h2>7. Selling the Home Yourself</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/lovely-adult-couple-selling-thei.jpg" /></p> <p>While skipping on hiring a lear estate agent may sound tempting, you will miss out on his contacts, help, and market knowledge. In most cases, for-sale-by-owner homes tend to sell for a lower price. So, if you’re looking to sell your property for its full value, a skilled real estate agent is more likely to help you achieve that.</p> <h2>8. Cutting Corners on Staging</h2> <p>Skimping on staging is one of the mistakes to avoid when selling your home as staging can help sell it much faster and for more money. Staging can increase the price buyers offer by 1% to 5%. So, if you stage a $290,000 house, you may get an offer higher for an additional $2,800 to $14,500. The average cost to hire a professional staging service is around $1,500. Even if you don’t hire a staging company, don’t show an empty home to prospective buyers. Instead, rent decorations and furniture to give your buyers an idea of what the house looks like when people live there.</p> <h2>9. Not Accommodating Showings</h2> <p>Even if inconvenient, an occasional open house and multiple showings are vital parts of the selling process because few buyers will buy the home unseen. Your listing agent, if you have one, should coordinate showings or provide a lockbox for buyer’s agents to do tours. When buyers are touring the home, ensure to vacate it as a seller there can make them uncomfortable. You need to allow them to visualize themselves living in the house, which is difficult if you’re watching them.</p> <h2>10. Ignoring Major Repairs</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/male-hands-in-gloves-repairing-d.jpg" /></p> <p>Many maintenance issues can deter prospective buyers and reduce the value of your property. Since buyers expect the condition of your house to match the description, you should prioritize the most critical issue. That’s especially true for those that may show up during an inspection. Moreover, if you’re considering making costly renovations to boost your home’s value, you may not recover the cost in the final sale price. Also, many buyers favor making their own renovations to personalize the home.</p> <h2>11. Not Decluttering</h2> <p>You don’t have to remove all your belongings if you’re still living in the home you’re selling. Still, you’ll need to present each room in its best light, so you’ll have to declutter in some ways. One of the easiest ways to do that is to get rid of items you no longer use or need. However, you may also need to remove oversized furniture that reduces the room’s size. Clearing out closets so they don’t look messy and putting away personal decor can also help neutralize the space and allow your buyer to visualize themselves living there.</p> <h2>12. Ignoring Lighting</h2> <p>Besides providing a good view, the right lighting can also make your rooms look bigger. So, make sure to let the natural light in and place lamps in the corners. You can also add a few candles for a warm and cozy feel.</p> <h2>13. Skipping on a Professional Photographer</h2> <p>Usually, real estate agents cover the cost of professional listing photographs. If you’re not using an agent, you should highly consider getting a professional photographer take photos of your home as most buyers search online, and listing photos are your property’s first impression.</p> <p>Many professional photographers charge as little as a few hundred dollars, and the photos you get are clean and crisp, accentuating your property’s best features.</p> <h2>14. Forgetting About Curb Appeal</h2> <p>The outside is the first thing prospective buyers see when they arrive at your house for showings. For this reason, it’s important to spruce up your landscaping before listing. This can include painting the exterior, mowing the lawn, clearing pathways, painting flowers, and raking leaves.</p> <h2>Sell Your Home Smoothly</h2> <p>After reading this article, you know some of the common mistakes to avoid when selling your home. Besides selling your home at the right time for the right price, you also need to consider negotiating and all the costs that come with selling a house. Paying attention to how the house looks both live and online is also vital, as well as making major repairs before a home inspection.</p> <p>As you can see, selling a home can get tricky, and there are many things you need to pay attention to if you want the sale to go smoothly. If you want to avoid any complications associated with selling a home, consider selling it to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We’ll buy your house for top dollar without you having to make any repairs. So, feel free to request our <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and see how much you can get for your property.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-much-are-closing-costs-in-california" }, "headline": "How Much Are Closing Costs in California? (and How You Can Minimize Them)", "description": "How much are closing costs in California? Anywhere from 0.8% to 6.8% of the purchase price. Yes, this is a big range, so continue reading to find out why.", "image": "https://sleeveuphomes.com/files/blog/2581dc70-b653-483b-ac58-8a2ac580a6e1_california-house.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://www.linkedin.com/in/cesar-gomez-49006a80/" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/files/author/0f9ff69c-f234-43d3-aa48-3a4a7dc98eea_sigpic.jpg" } }, "datePublished": "2022-11-22", "dateModified": "2022-11-22" } </script> <p>Are you thinking of selling your house? Then, you must be wondering – how much are closing costs in California? This is an important question to ask as these costs can make a significant dent in your profits. Which is why we wrote this article.</p> <p>You will learn what closing costs are and how much sellers need to pay, on average, when closing a real estate transaction. More importantly, you will learn how you can avoid paying some or even all of the closing costs – because yes, they are avoidable. So let’s get to it.</p> <h2>What Are Closing Costs?</h2> <p>In simple terms, closing costs are all the fees that need to be paid at the closing of a real estate transaction in addition to the purchase price of the property. Both sellers and buyers have closing costs that they pay.</p> <p><strong>The average closing costs in California for sellers range between 0.8% to 6.8% of the purchase price of the property, </strong>if you include realtor fees for the second one. Yes, there is a very large difference between 0.8% and 6.8%, which is why we will break the costs down.</p> <h2>Typical Seller Closing Costs in California</h2> <p>First, we will deal with the typical closing costs sellers need to pay when the sale is over and the deal is closed. These closing costs <em>need </em>to be paid, i.e. they are non-negotiable. You will have to pay for:</p> <ul> <li>Title search</li> <li>Title insurance</li> <li>Settlement fees</li> <li>Transfer tax</li> <li>Escrow fees</li> <li>Recording fees</li> </ul> <p>These are smaller fees that you will need to pay from the proceeds of the sale. The exact price of each fee varies depending on the county and the selling price of your home, but <strong>the total is usually between 0.8% - 1% of the selling price in California</strong>.</p> <p>Thus, if you were to sell your home for $500,000, you can expect $4000 - $5000 of it to go towards paying the closing costs. However, while these fees need to be paid and are the seller’s responsibility, some buyers are willing to cover the costs to sweeten the deal.</p> <h3>Is the Capital Gains Tax Included in the Closing Costs?</h3> <p>No, the capital gains tax you need to pay when selling a property is not calculated as part of the closing costs. You may not need to pay anything or it can be a significant amount, depending on your specific situation. However, <em>capital gains taxes are a complex subject that deserves an article of its own</em>. Thus, read <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax" rel="noopener" target="_blank">this</a> to learn how capital gains taxes work and how you can avoid them.</p> <h2>Situation-Dependent Closing Costs</h2> <p>Besides the above-listed closing costs that are included in each sale, there are specific, situation-dependent seller closing costs that can significantly increase what you need to pay. On the good side, these are negotiable and depend on your specific situation. So, on top of the 0.8% - 1% that you will be paying, you also need to budget for:</p> <h3>Realtor Commissions</h3> <p>The seller pays the commission for both the buyer’s and seller’s agent. <strong>Realtor commissions are the single largest cost that you will need to pay when selling your house</strong>. Both agents usually charge between 2% - 3% of the sale price.</p> <p>So, you will need to give 4% - 6% of the proceeds of the sale to the realtors. Thus, if you are selling a house in California, expect to dish out anywhere between $20,000 - $30,000 if your house is worth $500,000. That is, you will need to pay this if you are selling through agents, which you <em>can </em>avoid and we will discuss how you can do it later on.</p> <h3>Mortgage Balance Settlement</h3> <p>You need to pay off your mortgage before you can sell your house. Naturally, this also means that you can sell your house even if you don’t have 100% equity. The outstanding mortgage balance will be paid from escrow before you receive your money. Besides the remaining mortgage due to your lender, you additionally may need to pay:</p> <ul> <li>a prepayment penalty</li> <li>a loan payoff fee</li> </ul> <p>Whether you need to pay these additional fees depends on the contract you signed when took out your mortgage. The conditions for paying off your mortgage ahead of time should be outlined in your mortgage contract. If you can’t find the contract or can’t find these provisions, it is always a good idea to contact your lender to make sure.</p> <h3>Property Taxes</h3> <p>Unlike other taxes, property taxes can be divided between the buyer and the seller in California – this is called property tax proration. You, as the seller, will need to pay the taxes for the time you’ve owned the house in a given calendar year before the sale is closed. So, if you sold the house on the 1st of September, you’ll need to pay 9 months of property taxes.</p> <h3>HOA Fee</h3> <p>An additional fee you may need to pay is the HOA transfer fee. Naturally, this depends on whether your house is part of an HOA or not. If it is, you will need to pay for the transfer documents and registration of your buyer as the new owner of the property. These fees usually amount to less than $1,000.</p> <h3>Concessions</h3> <p>Finally, we get to the concession you make to the buyer. These closing costs purely depend on what you (or your agents) negotiate. A seller’s concession can be anything from paying for repairs to covering the buyer’s closing costs. Thus, how much you will need to pay varies greatly.</p> <p>Conversely, buyers may also make concessions to the seller, where they agree to pay certain fees that you would typically need to do personally. It all depends on what you agree to. In the current state of the real estate market in California, buyers are more likely to make concessions to you than the other way around, as it is a seller’s market.</p> <h2>The Key Points of a Seller’s Closing Costs</h2> <p>The closings cost you need to pay will depend on your situation, but here are the three main points you should remember:</p> <ul> <li>You will typically pay at least 0.8% to 1% of your home’s purchase price in closing costs.</li> <li>Sellers traditionally pay realtor commissions, which are between 4% - 6% of the purchase price in California. You can avoid these costs by selling without realtors.</li> <li>Who pays the closing costs is negotiable in California and buyers may be willing to make concessions to cover some of the fees.</li> </ul> <h3>Sell Your House Without Paying Closing Costs</h3> <p>How much are closing costs in California? As you can see, a lot. But you don’t have to pay them. <a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a> will buy your house for cash and pay top dollar. We will cover <em>all </em>closing costs, so you get to keep 100% of the proceeds. We are direct buyers and don’t work with realtors, so there are no commissions.</p> <p>But you don’t need to make a decision straight away – contact us to <a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">get a no-obligation cash offer</a> and see how much you can get for your house.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/buying-and-selling-a-house-at-the-same-time" }, "headline": "Can You Sell Your House and Buy a New One at the Same Time?", "description": "Wondering whether buying and selling a house at the same time might work for you? Read this article before deciding to avoid making a mistake.", "image": "https://sleeveuphomes.com/files/blog/7a9ab8dd-f367-4459-bb67-cef38c46ba3c_buying-new-house.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://www.linkedin.com/in/cesar-gomez-49006a80/" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-12-06", "dateModified": "2022-12-06" } </script> <p><span style="color: #0e101a;">Ideally, you’ll put your home on the market, sell it fast, use the acquired equity for the down payment, and find your new house just as fast. However, in reality, it’s trickier than that as some overlap is likely to happen as you’re looking at how to buy and sell two homes simultaneously.</span></p> <p><span style="color: #0e101a;"><strong>Buying and selling a house at the same time</strong></span><span style="color: #0e101a;"> requires a lot of multitasking and comes with a timing challenge. You could get stuck with loan payments and the expense of maintenance on both homes if you have a mortgage on your current house and buy a home before selling. On the other hand, if you sell your home before buying a new one, you may have no place to go, other than a friend’s sofa in the living room after the sale closes.</span></p> <p><span style="color: #0e101a;">Nevertheless, with proper planning, the right financing, and smart pricing and negotiating, you can make buying and selling a house at the same time work.</span></p> <h2>What if You Sell Your Home Before Buying a New One?</h2> <p><span style="color: #0e101a;">Many people sell their current homes before buying a new one because this allows them to have the sale profit when looking for a new house, which </span><span style="color: #0e101a;"><strong>reduces financial stress</strong></span><span style="color: #0e101a;">. If you sell your home before buying a new one, you won’t have to manage two mortgage payments or deal with closing costs while upkeeping two properties.</span></p> <p><span style="color: #0e101a;">However, this approach can leave you homeless as you search for another home. Meanwhile, you’re in limbo, living on your parent’s sofa in the living room. And if you have family or pets, it gets even trickier. What’s more, you need to move twice - first, to your temporary home and then to your new house.</span></p> <p><span style="color: #0e101a;">On top of that, it can add stress as you rush toward buying a house you don’t want just to get out of your temporary home faster.</span></p> <h2>What if You Buy a Home Before Selling Your Old One?</h2> <p><span style="color: #0e101a;">Many benefits are associated with buying a new house before selling your old one, such as </span><span style="color: #0e101a;"><strong>moving to your new house more easily</strong></span><span style="color: #0e101a;">. You can take your time, move your belongings whenever you want, and avoid being homeless while you wait for your old home to sell. </span></p> <p><span style="color: #0e101a;">Moreover, it may be your safest bet if you’re on a tight timeline. If you need to be in a new city for a new job by a specified date, buying a new home first will ensure you have a place to live in.</span></p> <p><span style="color: #0e101a;">However, it’s a whole different story when it comes to financing, as buying a new house first takes considerable financial resources. Besides your existing mortgage payment, you’ll also have a new one, closing costs, moving expenses, down payment, and maintenance on both homes. This can be challenging to handle, especially if you’re on a tight budget.</span></p> <p><span style="color: #0e101a;">Buying first can also reduce your chances of getting a mortgage. Since you still have the lingering mortgage debt to your name, your debt-to-income (DTI) ratio might be much higher. This can, in turn, translate to a lower available loan balance, higher interest rates, or not even being able to qualify for a mortgage.</span></p> <h2>How to Make Buying and Selling a House at the Same Time Work for You?</h2> <p><span style="color: #0e101a;">Buying and selling a house at the same time may sound complicated, but with the right resources, it doesn’t have to be. That said, here’s how to sell and buy a house at the same time:</span></p> <h2>Prepare Early for Buying and Selling</h2> <p><span style="color: #0e101a;">Because there’s a lot of preparation for both buying and selling, you will want to start preparing as soon as possible. With proper planning, you’re less likely to make mistakes.</span></p> <p><span style="color: #0e101a;">That said, a great listing agent will help you prepare your house for sale, including making repairs, cleaning, and decluttering. From the selling perspective, virtually every home is too cluttered, as potential buyers want to envision their life in the space, not yours.</span></p> <p><span style="color: #0e101a;">Once you finish decluttering and cleaning, you should focus on getting quality photos of the property to get the best first impression once you list the home for sale.</span></p> <p><span style="color: #0e101a;">As for buying, you need to have your finances in place. Many people think they have good credit and will get approved. However, lending policies are constantly changing, and to get an offer accepted, you’ll need to have the money to buy it or be preapproved for a loan to fund the property. That is, if your lender doesn’t have any conditions your current house needs to sell first.</span></p> <h2>Get Your Finances Right</h2> <p><span style="color: #0e101a;">When selling a house, you’ll probably use the profits to pay off the loan and use the remaining money for your new home. However, you’ll need the finances for a down payment as well as the right financing to purchase your new house. While some homeowners can use money from their savings accounts, others may not have enough funds to do that. If that’s your case, here are several alternatives.</span></p> <h3>HELOC</h3> <p><span style="color: #0e101a;">You can use HELOC (home equity line of credit) on your current house to come up with the money for the down payment. However, you’ll have to have it already set up because a lender won’t authorize the credit after you’ve listed your home for sale.</span></p> <p><span style="color: #0e101a;">If you believe you may use a home equity line of credit to finance your next home, make sure to </span><span style="color: #0e101a;"><strong>apply as early as possible</strong></span><span style="color: #0e101a;">, as sometimes HELOC can take long to be approved.</span></p> <h3>Bridge Loan</h3> <p><span style="color: #0e101a;">With this type of loan, you can borrow 80% of your property’s worth to pay off your old loan and use the remaining money (if any) for a down payment on your new house. Alternatively, it can be used as a second mortgage to borrow some of your house equity for a down payment.</span></p> <p><span style="color: #0e101a;">With a bridge loan, you only pay interest. Often, you can pay off these loans faster as they’re made to fill the short space between selling your old home and purchasing your new property. However, </span><span style="color: #0e101a;"><strong>interest rates tend to be higher</strong></span><span style="color: #0e101a;"> than for a regular mortgage.</span></p> <h3>401(k) Loan</h3> <p><span style="color: #0e101a;">A 401(k) loan allows you to borrow up to 50% of the balance at affordable interest rates. Lenders don’t count 401(k) loans as debt when estimating your DTI ratio for mortgage preapproval, which is a significant advantage over other loans.</span></p> <p><span style="color: #0e101a;">While using this money for something else may be tempting, you’ll need to avoid it, as defaulting on this type of loan can result in penalties and taxes.</span></p> <h3>Low-Down-Payment Mortgage</h3> <p><span style="color: #0e101a;">Another alternative is to obtain a low-down-payment mortgage to buy your new house, put the profits toward your next property, and recast your mortgage once the sale closes if your lender offers mortgage recasting.</span></p> <h2>Time It Properly</h2> <p><span style="color: #0e101a;">Once your finances are all set up, a real estate agent can assist you in timing the purchase and sale.</span></p> <p><span style="color: #0e101a;">You will need a place to stay if the purchase completes a day or two after the sale. In this case, you can stay with relatives or friends. However, if it takes longer than a few days, you can negotiate with the buyer to let you stay in the house. Sometimes, buyers will even offer to allow the seller to stay without having to pay rent.</span></p> <h2>Will Buying and Selling a House at the Same Time Suit You?</h2> <p><span style="color: #0e101a;">Whether buying and selling a house at the same time will work for you depends on several factors. You need to consider your financial health, timeline, the housing market, etc. Here are some of the questions to ask yourself before making a decision:</span></p> <ul> <li><span style="color: #0e101a;"><strong>Can you afford it?</strong></span><span style="color: #0e101a;"> Can you handle two mortgage payments simultaneously and maintain both homes along with the taxes and costs that follow it?</span></li> <li><span style="color: #0e101a;"><strong>Is the market competitive?</strong></span><span style="color: #0e101a;"> In a hot market, you may not be able to find a house fast. In this case, it may be better to sell first to get more money and postpone the purchase until the market calms down.</span></li> <li><span style="color: #0e101a;"><strong>When do you need to move?</strong></span><span style="color: #0e101a;"> If you’re on a tight deadline, you may have to buy a new home before selling your old one.</span></li> <li><span style="color: #0e101a;"><strong>What is the condition of your current house?</strong></span><span style="color: #0e101a;"> Does your home need a lot of repairs and improvements, or is it all set? If it needs more work, you’ll have more expenses, a longer time on the market, and a lower sales price.</span></li> </ul> <h2>Skip the Hassle</h2> <p><span style="color: #0e101a;">Buying and selling a house at the same time is possible, and in some cases, it’s the best option. However, there are many things to keep in mind when trying to sell and buy simultaneously, such as timing and financing. If you don’t time everything right, you risk ending up homeless. And if you don’t have your finances in place, you simply won’t make it.</span></p> <p><span style="color: #0e101a;">Fortunately, there’s a way to skip all the hassle. That’s where </span><a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a><span style="color: #0e101a;"> comes in. We will buy your house as-is for top dollar, leaving you with enough money to finance your next home without worrying about different loans and conditions to be met. Just request a </span><a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">no-obligation cash offer</a><span style="color: #0e101a;"> to see how much you can get, and then decide.</span></p>
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            • short_descriptionWondering whether buying and selling a house at the same time might work for you? Read this article before deciding to avoid making a mistake.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/sellers-disclosure-in-california" }, "headline": "Seller’s Disclosure in California: What Is It and What Should It Contain?", "description": "What is a seller’s disclosure in California? What should it contain? Read on to learn everything you could wish to know about California’s seller’s disclosure.", "image": "https://sleeveuphomes.com/files/blog/5b433283-82c2-4ecb-8707-ef1342ac78e4_seller-showing-the-disclosure.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://www.linkedin.com/in/cesar-gomez-49006a80/" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-12-13", "dateModified": "2022-12-13" } </script> <p>Selling a home is not an easy process and it gets all the more complicated when you realize all the intricacies involved. Besides looking for potential buyers and negotiating prices, you need to protect yourself legally from any mishaps. A seller’s disclosure in California is one of the tools that protect you from lawsuits.</p> <p>But more than that, a seller’s disclosure is <em>obligatory </em>in California. Without it, you can face severe repercussions. So, what is it? What are types? What should it include? By the end of this article, you should be able to answer all of these questions yourself and know what to do when you decide to sell real estate property.</p> <h2>What Is a Seller’s Disclosure?</h2> <p>As the seller of real estate property, you are legally obligated to inform all buyers of the material facts of your property to the best of your knowledge, particularly of those facts that could lower the material value of the property. This legal document, where you list everything you know about your house, is colloquially called a seller’s disclosure.</p> <p>In other words, a seller’s disclosure is the document you use to notify potential buyers about any deficiencies to your property that could make them change their minds about buying (or buying for the price you listed). Anything relevant needs to be listed, from a malfunctioning HVAC system to termite infections.</p> <h2>What Laws Govern the Seller’s Disclosure in California?</h2> <p>The seller’s disclosure in California is governed by <a href="https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=CIV&division=2.&title=4.&part=4.&chapter=2.&article=1.5." rel="noopener" target="_blank">Section 1102</a> of the California Civil Code. We would always advise you to read the entire bill if you are planning on selling your house or consult a real estate attorney. However, as the bill is quite exhaustive and covers other things than seller’s disclosures, let’s give a rundown of what types of disclosures exist.</p> <p>We should also note that you and a buyer can make an additional agreement where you decide what other disclosures the document needs to contain, other than those which would normally be expected. With that out of the way, let’s list the most common types of seller’s disclosures in California.</p> <h2>Common Seller’s Disclosures</h2> <h3>Real Estate Transfer Disclosure Statement</h3> <p>This document is the one most people refer to when talking about a seller’s disclosure. In this document, you describe, in detail, the condition of your property. You need to deliver this document to prospective buyers as soon as possible. It should contain everything defective about the property.</p> <p>And we do mean <em>everything</em>. Here are just some of the items (and their conditions) that can be included in the document:</p> <ul> <li>Alterations or repairs that were done without the necessary permits;</li> <li>Anything that can lead to environmental hazards (e.g. lead paint);</li> <li>Bad wall conditions;</li> <li>Bad window conditions;</li> <li>Malfunctioning septic tanks;</li> <li>Malfunctioning sprinklers;</li> <li>Malfunctioning smoke detectors;</li> <li>Malfunctioning fire alarms;</li> <li>Noise problems;</li> <li>Settling or other soil problems;</li> <li>Zoning violations.</li> </ul> <p>We reiterate, the document needs to contain all factors that may have an adverse effect on the buyer’s desire to purchase your property.</p> <p>If you wish to limit your liability when creating a closing disclosure, you can hire a professional, like a land contractor, engineer, pest control operator, etc. to make a report for you. In this manner, the burden is mostly on them to disclose everything that needs to be disclosed.</p> <h3>Local Option Real Estate Transfer Disclosure Statement</h3> <p>Cities or counties may legislate that additional information needs to be included in your disclosure, information that would not necessarily be required pursuant to California Civil Code 1102. Thus, it is advisable to check your local laws or consult with a professional.</p> <h3>Natural Hazard Disclosure</h3> <p>In addition to the previous two disclosures, you also need to inform your buyer of whether the property is located in an area prone to natural hazards. You need to disclose if your home is located:</p> <ul> <li>In a special flood hazard area (type A or V, as designated by <a href="https://www.fema.gov/" rel="noopener" target="_blank">FEMA</a>)</li> <li>In an area of potential flooding if a dam were to fail</li> <li>In a high fire hazard zone</li> <li>In a wildland fire zone</li> <li>In an earthquake fault zone</li> <li>In a seismic hazard zone</li> </ul> <h3>Ordnance Location Disclosure Statement</h3> <p>You need to inform a potential buyer if your property is located in an area that was once used for military training and could contain live ammunition. The potential area is up to one mile from the actual area where the military training was conducted.</p> <h3>Mello-Roos Bonds and Taxes Area</h3> <p>The Mello-Roos Act has created several tax districts in California where local governments can sell bonds to fund public works. If your home is located within one of these areas, you need to inform buyers of the special taxes or liens they would need to pay.</p> <h3>Industrial Use Disclosure</h3> <p>Multiple areas of California are designated for industrial use. If the property you are selling is located in such an area, is adjacent to one, or even experiences problems because of the use of such an area, you need to inform your buyers.</p> <h2>Termination Rights of a Buyer</h2> <p>We should note that a buyer has the right to terminate a purchase agreement even after it is signed if they received the seller’s disclosure after the signing. If the disclosure is delivered in person, they have 3 days to terminate the contract and 5 days if the disclosure is delivered by mail.</p> <h2>Who Is Exempt From Seller’s Disclosure in California?</h2> <p>There are certain situations where you are not obligated to provide a seller’s disclosure. They are:</p> <ol> <li>Sales of homes in foreclosure;</li> <li>Transfers by court order;</li> <li>Transfers by the fiduciary of a deceased person’s estate or trust;</li> <li>Transfers to spouses or children;</li> <li>Transfers due to divorce;</li> <li>Transfers between co-owners;</li> <li>Transfers due to unpaid taxes.</li> </ol> <p>Thus, in some instances, you may not be required to create any type of seller’s disclosure, yet you are opening yourself up to a lawsuit if you are not 100% sure you fall into one of the exempt categories. Once again, the safest option is to consult a professional.</p> <h2>Does Selling Your Home Seem Like a Huge Burden?</h2> <p><a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a> can help. We buy houses as-is for cash and pay top dollar. You do not need to worry about any damage your house has and how you need to inform us - we’ll personally do an inspection and repair any damage in-house.</p> <p>From start to finish, we’ll guide you through the process. On top of that, we are direct buyers that don’t work with realtors, so you won’t be paying any realtor commissions, which leaves more money in your pocket. But don’t rush to make a decision - order a <a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">no-obligation cash offer</a>, see how much you can get, and let’s start from there.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-prepare-your-home-for-sale" }, "headline": "How to Prepare Your Home for Sale", "description": "Preparing your home for sale is not as easy as putting up a “For Sale” sign. Learn how to get your house ready to sell and get a good offer in no time.", "image": "https://sleeveuphomes.com/files/blog/a82f2d03-daf5-465f-a4ee-da40f529c121_prepare-your-home-for-sale.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-12-29", "dateModified": "2022-12-29" } </script> <p><strong>Preparing your home for sale before putting it on the market can help you find a good buyer – faster</strong>. Generally, the longer your home stays on the market, the more difficult it will be to sell for the price you want. Preparations you make won’t necessarily increase the value of your property, but they can help attract a buyer.</p> <p>However, preparing your house for sale can (and likely will) be an investment of both time and money. So, you should always calculate whether the investment is worth it or if you can get a reasonable price without investing too much.</p> <p>In this article, we’ll explain and list things to do before selling your house, help you focus on the most impactful preparations, and arm you with valuable tips to get your house ready to sell in no time! Let’s dive right in.</p> <h2>How to Prep Your House for Sale Step 1: Have a Master Plan in Place</h2> <p><img alt="Packing a box " class="img-fluid" src="https://sleeveuphomes.com/img/packing-a-box.jpg" /></p> <p>“How do you prepare your home for sale before moving?” is one of the most common questions weighing on people's minds. This goes without saying, but before you start doing <em>anything</em>, you should think of a strategy and have a master plan in place. It’s doubtful that you have an overabundance of time to make everything perfect, especially if you are working on a distressed property.</p> <p>So,<strong> you need to prioritize</strong>. Select the best time for putting the house on the market and set time limits for each major step in the preparation process. Essentially, make a checklist of the crucial things to do before selling your house first. As each situation is unique, we can’t tell you the exact steps you should prioritize.</p> <p>You should focus on the most visible and impactful repairs/improvements that will make a buyer more likely to be interested. Major steps could include fixing broken doors and windows, while smaller ones could be things like fixing leaky faucets. What you can get done is up to you, but we’ll list all things to do before selling your house that will increase your home’s selling potential.</p> <h3>Identifying the Issues</h3> <p>You’re probably wondering: “What should I do to prep my house for sale?” The first step in making a plan is <strong>identifying what needs to be done</strong>. Start by going room to room and writing down any repairs you need to make, whether large or small. You can rank them by importance later, but first, you need to know what needs to be done. Check whether each door, faucet, cupboard, appliance, etc., is working as it should.</p> <p>Do the same with the outside of your home. Be as detailed as you can. Of course, note any major repairs you need to make, too – such as a caved-in roof or peeling paint. Once you figure out what needs to be done, you can start prioritizing.</p> <h3>Making Major Repairs</h3> <p>Put yourself in the potential buyer’s shoes. What would turn you off from making an offer on this house? Or, what would make you demand a much lower price than what the seller is offering? Many buyers want to move in soon after purchasing a house, which means they won’t be willing to spend a few months making repairs.</p> <p>Are the walls visibly cracked? Is the roof leaking? Is the plumbing not working? Are multiple doors and windows coming off of their hinges? Is there any significant water damage? How about visible mold in the corners? Getting a house ready to sell means you must take care of all these issues.</p> <p>In short, <strong>any clearly visible damage needs to be repaired first</strong>. There’s another thing that needs to be mentioned – does the house you are selling pass the smell test? It’s not uncommon for houses that have not been lived in for a while to develop an odor.</p> <p>An unpleasant smell can instantly make a buyer disinterested in buying a home. Whether it’s due to bad plumbing, pests, or anything else, you need to identify and deal with it before showing the house to potential buyers. How quickly can you prepare your home for sale?</p> <h3>Increasing Curb Appeal</h3> <p>First impressions matter. If a buyer likes the look of the property as soon they see it, they are much more likely to disregard any imperfections and focus on the positives. All it takes is setting aside some time to tackle updating those interior rooms that could use an aesthetic lift, properly staging areas throughout the house, and <strong>sprucing up your curb appeal to maximum potential</strong>.</p> <p>You can improve your curb appeal in many ways, such as repainting your fence, lacquering the front door, and tidying your lawn or garden. If you have the time and means, you can redo your driveway, plant some enticing plants, and install some pleasant lighting.</p> <p>If you can imagine a passer-by seeing your house and thinking – I like how that house looks – you’ve done your part. As a bonus, if the outside of your house is attractive, you can take pictures and use them for marketing your home when you decide to sell.</p> <h3>Decluttering and Cleaning</h3> <p><img alt="Cleaning home" class="img-fluid" src="https://sleeveuphomes.com/img/cleaning-home.jpg" /></p> <p><strong>If you’re wondering: “How do I get a messy house ready to sell?”, don’t worry – we’ve got your back</strong>. When you are preparing your home for sale, you want to remove all <em>unnecessary</em> furniture, appliances, and any other items that take up significant space. A home with fewer items can seem more spacious than it is, which can appeal to your buyer.</p> <p>While they are not buying your house for the items that are or are not in it, they influence how they will perceive your home. The same goes for <em>cleaning</em> – a buyer is more likely to appreciate your home if it is clean and tidy. So clean it top to bottom as best as you can. Or, you can always hire professional cleaning before selling the house.</p> <p>As you are cleaning, you could consider removing personal items. So, pictures, artwork, display heirlooms, overly bold decor, etc. The aim is to depersonalize the home, as you can’t know your buyer’s tastes, and enable them to imagine themselves living in the house.</p> <h4>Bonus Tip: Top Realtor Tricks to Make a House Smell Good Before Viewings</h4> <p>No property is complete without a captivating scent lingering in the air. Of course, this can be tricky to achieve, as it’s not always easy to make an entire house smell <em>inviting</em>. Luckily, there are some tried and true tricks of the trade for getting rid of lingering odors and leaving a pleasant aroma that realtors swear by.</p> <p>From baking cookies in the oven, simmering some citrus peel to freshen up your space, to placing scented candles in strategic spots or even bringing some fresh flowers indoors before showings or open houses, these simple tasks can make all the difference in guests’ perceptions of your property. <strong>These are powerful tools to prep your home for sale, get an offer, and send potential buyers out enchanted</strong>.</p> <p>Making sure your home has just the right scent before listing it can be a great way to draw people in and add that extra special something to help get it off the market lightning fast.</p> <h3>Making Small Repairs</h3> <p>Finally, you need to fix anything and everything you can get around to. From leaky faucets to creaky doors, fix whatever you can. While most of these things are minor, too many little things that need to be fixed can point to larger problems underneath.</p> <p>This doesn’t have to be the case, but it’s enough for your buyer to believe it. If your home has too many small issues, the buyer may insist on conducting a <a href="https://sleeveuphomes.com/best-way-to-prepare-for-an-inspection">professional home inspection</a> if your home has too many small issues. And a home inspector will likely find issues you didn’t know existed. This may force you to fix things you wouldn’t fix otherwise or lower the asking price.</p> <h2>How Quickly Can You Prepare Your Home for Sale?</h2> <p>Selling a home doesn't need to take forever; with a little bit of elbow grease, organization, and the right resources, you can prepare your home for sale in no time! From decluttering and touching up paint to taking care of any repairs needed, having the right game plan in place will help you <strong>streamline the process and have your home looking top-notch and ready to hit the market within a few weeks</strong>.</p> <p>Whether you opt for do-it-yourself renovations or hire professionals for help along the way – you’ll find it only takes a few projects done well to get your house ready to sell. Once everything is ready to go, all that's left to do is sit back, relax, and wait for the offers to come flying through the door.</p> <h3>What Should You NOT Do Before Selling Your House?</h3> <p>As exciting as it might be, there are a couple of critical <a href="https://sleeveuphomes.com/mistakes-to-avoid-when-selling-your-home">mistakes you should avoid when selling your home</a>. For example, try to resist the urge to buy any new pieces of furniture or overspend on upgrades that won't return more than you paid for them – no matter how much personality that new retro armchair might bring to the room, buyers will want to picture the space with their <em>own </em>style.</p> <p>Remember not to skimp on maintenance, cleaning, or any other steps described above. When potential buyers come by, they should be able to envision themselves living there – fresh paint and sparkling fixtures will go a long way.</p> <h2>Is There a Way to Avoid Repairs But Still Get a Fair Offer?</h2> <p>Once you understand everything that needs to be done to prepare your home for sale, it naturally leads to the following question – how to get your house ready to sell but avoid investing much time and money into repairs and improvements while still getting a <a href="https://sleeveuphomes.com/how-to-know-if-you-are-getting-a-fair-offer-for-your-house">good offer</a>?</p> <p>Well, you can contact a restoration company. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys and restores houses. We buy homes in the state they are in and do all of the repairs necessary. Since we are not retailers and aren’t looking to flip houses, we cut out the realtors and wholesalers so that we can pay top dollar for your property, regardless of its conditions and repairs needed.</p> <p><strong>When you work with SleeveUp Homes, you won’t need to worry about preparing your home for sale</strong>. Instead, we give homeowners a generous cash offer for properties in any condition. We buy directly from you and give you the fairest possible price for your property. If you don’t want to go through the process of selling or preparing your house for sale on your own, or you need to avoid foreclosure, SleeveUp Homes can help.</p> <p>We buy and rehab homes directly from homeowners and perform any repairs required to get your house ready to sell in no time. <a href="https://sleeveuphomes.com/request-offer?">Request a cash offer</a> for your property today, and have peace of mind knowing SleeveUp homes will have the funds on hand to pay for the purchase.</p> <quillbot-extension-portal></quillbot-extension-portal><quillbot-extension-portal></quillbot-extension-portal>
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            • short_descriptionPreparing your home for sale is not as easy as putting up a “For Sale” sign. Learn how to get your house ready to sell and get a good offer in no time.
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            • titleHow To Avoid 'We Buy Houses Scams'
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/we-buy-houses-scams-and-how-to-avoid-them" }, "headline": "'We Buy Houses' Scams and How To Avoid Them", "description": "Unfortunately, 'we buy houses' scams and ripoffs are not uncommon. So read this article to learn how to protect yourself if you are selling your house.", "image": "https://sleeveuphomes.com/files/blog/71c761b3-fe57-43fc-ae08-ced7228aa70e_we-buy-houses-scams.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-10-18", "dateModified": "2023-10-18" } </script> <p>In general terms, there are two main ways people sell their property – by fixing it up and preparing it for sale before putting their house on the market or looking to sell as-is to cash buyers. Both ways have their advantages and disadvantages and what’s best for you will depend on your specific situation, but if you decide to go down the latter route, you should know how to avoid the ‘we buy houses’ ripoffs and scams.</p> <p>And we’re not saying that you shouldn’t look to sell to cash buyers. Preparing a house for sale takes time and money, and then more time until the right buyer comes along. That extra time and money may not be something you have the luxury of spending.</p> <p>However, what we are saying is that you should be mindful of who you are selling to and know how to spot some red flags. In this article, we’ll explain how the ‘we buy houses’ scams operate so that you can know what to look out for. After all, negotiating a good deal is only worth it if the buyer follows through.</p> <h2>'We Buy Houses' Ripoffs vs. Scams</h2> <p>Just a small digression before we begin - a 'we buy houses' ripoff is not the same as an outright scam. A ripoff would be, for example, if a bad-actor real estate investor goaded you into selling your house for much less than its current real estate market value. While unethical, that real estate investor likely couldn't face any legal consequences.</p> <p>A scam could be an outright illegal activity. Let's say a person poses as a real estate agent and offers to buy your home, only to <a href="https://www.justice.gov/criminal-fraud/identity-theft/identity-theft-and-identity-fraud">steal your personal bank details</a> later. Or asks you to send money upfront to cover the closing costs or something of that nature, only to disappear once you send the money. These would be clearly illegal activities.</p> <p>However, the purpose of this article is to teach you how to spot red flags when dealing with supposed cash buyers, so 'we buy houses' ripoffs and scams can be the same thing in this context. After all, you don't wish to get either scammed or fleeced and the same precautionary measures apply to both.</p> <p>With that out of the way, let's discuss how you can avoid cash-for-homes scams and ripoffs.</p> <h2>‘We Buy Houses' Scams Red Flags</h2> <p>Not all scams work the same and some are easier to spot than others – by now, you probably know that if a Nigerian prince or someone along those lines offers to buy your house, you should stay well clear of them. While it may sound funny and more of a joke than anything else, these situations do happen.</p> <p>You can easily see through these types of naïve scams, so we won’t go into them. However, <strong>most scammers apply more sophisticated methods</strong> and that’s what we’ll focus on. You can find a detailed explanation of some other real estate scams <a href="https://sleeveuphomes.com/avoiding-scams">here</a>. Here, let's go over how you can check if offers are legit and how to spot red flags.</p> <h3>Do a Background Check on the Company</h3> <p>The first thing you should do is verify that the company offering to buy your house exists. That doesn’t mean only checking if they have a website or some promotional materials. Faking websites or business cards is easy enough.</p> <p>Instead, see if they provide a <strong>phone number and a physical address</strong>. Call the number to see if it works. Do a Google search of the address they provide. If the information you get is fake or you can’t find any info about them at all, it’s highly likely you are dealing with scammers. A working number and a real address are much more difficult to fake than a website or business card.</p> <p>Then, see if you can find some reviews of the business. Some companies don’t publicize their customer reviews, so not finding any reviews doesn’t necessarily mean you are dealing with scammers. However, the existence of <strong>auto/bot-created reviews is a red flag</strong>.</p> <p>These are easy to spot – they are all positive, all sound similar, use the same sentence constructions, mention the same things, etc. Real people will have different experiences and express themselves differently.</p> <p>So, you are not exactly looking for good reviews and comments, but diverse experiences. Even a lot of bad comments are a good indicator that the business is not a ‘we buy houses’ scam – you probably still wouldn’t want to do business with them if the overall experiences are negative, but at least you know they are not outright scammers.</p> <h3>Are They Trying to Rush You?</h3> <p>Another warning sign is if the prospective buyer is trying to rush you. Most real buyers (excluding some online buyers) will take the time to inspect your home in person. Even online buyers will ask in-depth questions regarding the state of your property and probably ask for some pictures or videos.</p> <p>While the benefit of selling your home to a cash buyer is that you get to close quickly, it still can’t be done in a day or two. A cash buyer will need some time to take care of the paperwork and inspect your house in order to make a <a href="https://sleeveuphomes.com/how-to-know-if-you-are-getting-a-fair-offer-for-your-house">fair offer</a>.</p> <p>If anything seems even slightly off, <strong>ask for proof of funds</strong>. Asking for proof of funds is always a good move, but especially so if there is even a hint that they are trying to scam you. A legitimate cash buyer will have no issue providing it to you. It may make the selling process a few days longer, but that’s a small price to pay. If they refuse, it’s best you just walk away.</p> <h3>Don’t Sign Over the Deed Before You Have the Money</h3> <p>When you are selling your house, the process is straightforward – you accept an offer, they give you your money, you sign over the deed. <em>In that exact order</em>. If they are asking you to sign over the deed to your home before you get your money, it’s almost 100% sure you are dealing with a ‘we buy houses’ scam.</p> <p>There could be exceptional situations where that process is not followed, but they are few and far between. In such cases, unless you are absolutely, positively, 100% certain that you are not dealing with scammers should you even consider signing over the deed before you get the money. But even then, we would always advise against it.</p> <p><span style="font-size:11pt;"><img alt="How to Avoid Scams" class="img-fluid" src="https://sleeveuphomes.com/img/fraud-sleeveup.jpg" /></span></p> <h3>Are They Asking For Money Upfront?</h3> <p>As a rule of thumb, the money should flow from the direction of your potential buyer into your pockets. You should <strong>not be paying them any fees or commissions upfront</strong>. Depending on the buyer, you may need to pay some fees – such as closing costs, realtor commissions, and maybe some service charges – but this should only be done once the deal goes through.</p> <p>So, if they want you to pay for anything upfront, it’s another red flag that you are dealing with scammers. They may have no intention of buying your property but are trying to get you to sign a contract out of which they can back out at any point and will likely do so once they have charged you for their services upfront, without ever buying your house.</p> <h2>Understanding the Process Helps You Avoid Scams</h2> <p>Once you know what red flags to look out for, knowing how the process should work can help you avoid scammers. As each buyer is different there will be some deviations, but all legitimate <a href="https://sleeveuphomes.com/what-are-the-companies-that-buy-houses-and-how-do-they-work">house-buying companies</a> follow the same pattern.</p> <p>First, they will ask you detailed questions about the property and most will send someone over to assess the house in person. They will study the local housing market and based on that and the condition of the home tell you their purchase price. The offer should be close to what <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">similar houses in a comparable condition</a> to yours in your locality sold for recently.</p> <p>Up to this point, you should not have been asked to pay for anything. Once they make you an offer, you should have time to read over the contract carefully before you sign – in other words, <strong>legitimate buyers won’t rush potential sellers</strong>.</p> <p>Because they are offering to buy your house for cash, the closing process shouldn’t last long if you accept their offer. They don’t need to approve the financing with a lender and should be able to provide you with proof of funds, if you ask for it. Once again, not all buyers are the same and small deviations are acceptable, but this is the general pattern most legitimate buyers will follow.</p> <h2>Sell Your Home to a Company with a Proven Track Record</h2> <p>There’s no foolproof way to know if you are dealing with scammers or bad actors, but by knowing what the red flags are and what the process should normally look like, you can be reasonably certain that nobody can take advantage of you.></p> <p>But instead of looking to avoid ‘we buy houses’ scams, you can save yourself the trouble and look to sell to a company with a proven track record. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys and restores houses in Southern California.</p> <p>You don’t need to make any repairs or do any other preparations to get the home ready to sell. Contact us to get a cash offer and we will create a closing schedule that fits your timeline. Because we are not realtors or wholesalers but do all of the repairs ourselves, we can offer you top dollar for your home, regardless of the condition it is in.</p> <p>If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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          • descriptionAre you looking for home selling tips and up-to-date real estate information? SleeveUp Homes covers relevant topics in our blog and news sections.
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            • titleSelling to a Real Estate Wholesaler
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler" }, "headline": "Should I Sell My House to a Real Estate Wholesaler?", "description": "Here are some reasons you should avoid real estate wholesalers and how you can sell your California home to a reputable buyer.", "image": "https://sleeveuphomes.com/files/blog/7a1601f0-d5d4-439f-808f-f17b46ee307e_wholesaler-cover.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-02-26", "dateModified": "2021-02-26" } </script> <p class="mb-4">If you are trying to sell your house fast, you’ve probably run into a real estate wholesaler, but just didn’t know it. These companies act as middlemen who buys homes en masse; their job is to purchase large numbers of homes and immediately resell them to flippers for a profit.</p> <p class="mb-4">This may be a quick way to unload your house, but you need to know what you are getting into and the process may not be as quick and profitable to you as you might imagine. They can’t always guarantee a quick closing, and they can’t always give you the best offer for your property. Here’s what you should consider before you search for a real estate wholesaler to buy your home.</p> <h2 class="mb-4">What’s a Real Estate Wholesaler?</h2> <p class="mb-4">First, let’s talk about what wholesaling is. Wholesaling is a quick and easy way for someone with little or no real estate experience to get into the business and begin learning the industry. Many investors and landlords today may have even begun their careers through this method.</p> <p class="mb-4">The entire business model of a real estate wholesaler is to act as a middleman. These businesses find properties like yours and put them <a href="https://sleeveuphomes.com/under-contract-in-real-estate">under contract</a> to purchase. In most cases, they don’t have any intention of actually buying the house. They will take your contract and then sell the contract to investors or landlords or house-flippers.</p> <p class="mb-4">That person will be the one actually buying your house. They make money based on how much they can sell that contract to an end buyer.</p> <p class="mb-4">For example, let’s say they offer you $300,000 for your house. You sign a contract with them. The real estate wholesaler will then shop that contract to their network of investors. Once they find an interested investor they will sell or assign that contract to the investor for $330,000. The investor buys your house, and the wholesaler walks away with $30,000 in their pocket.</p> <p><img alt="offer" class="img-fluid" src="https://sleeveuphomes.com/img/offer-1.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Real estate wholesalers always give lower offers than contractors and flippers.</em></p> <p class="mb-4">That’s not a bad deal for the wholesaler. They don’t have to do any repairs and they don’t take any risk. But that’s up to $30,000 that could have been part of your offer. The wholesaler business model depends on facilitating these types of transactions, where they take a fee by simply being the middleman.</p> <h3>How Do You Know if Someone is a Wholesaler?</h3> <ul> <li><strong>We Buy Houses Signs.</strong> You’ve probably seen handwritten “We Buy Houses” signs posted along roadway or stapled onto telephones. This isn’t always a perfect indicator of a wholesaler, but it is a good sign. </li> <li><strong>Direct mail postcards.</strong> Have you ever gotten a letter or postcard in the mail asking to buy your house? It may have been handwritten or in an urgent envelope. This is a common method wholesalers use to find properties. </li> <li><strong>You can ask.</strong> In fact, you should ask, you need to know exactly what kind of contract you are signing when you work with an investor. Ask if they are a middle man. Will they be selling your contract to another investor? Ask what kind of spread they are making on the property.</li> </ul> <h3>Pros and Cons of Selling to a Wholesaler</h3> <h4 style="color: #000000">Pros:</h4> <ul> <li>A good wholesaler will be transparent and tell you upfront what they are doing.</li> <li>Wholesalers that have been doing it for a long time have a robust network of investors and can make good on their promise.</li> <li>They are able to find a buyer for your house when no one else could have. This is one alternative to <a href="https://sleeveuphomes.com/how-to-sell-your-own-home">selling your property on your own</a>.</li> </ul> <h4 style="color: #000000">Cons:</h4> <ul> <li>You don’t make as much on your house as you could have if you had gone direct to the end buyer.</li> <li>Sometimes the wholesaler can’t find a buyer for your house and has to cancel the contract. You’ll now have to start the process all over again.</li> </ul> <h2 class="mb-4">Bottom Line</h2> <p class="mb-4">SleeveUp Homes is not a real estate wholesaler. We are direct real estate investors and home contractors. When we enter into a contract with you, we are the end buyer. There is no middle man that might squeeze you out some of the cash for your house.</p> <p class="mb-4">Because we are the end buyer, there is no middle man and no hidden costs and fees. You don’t have to fix up your house and make repairs, because we will do that as well. This allows us to present the highest cash offers in the Southern California area. We also have a network of title companies that allow us to schedule closing as quick as you need to work around your schedule and timeline.</p> <p class="mb-4">If you don’t want to go through the process of selling your home and you want to avoid the real estate wholesalers, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers to pay top dollar for your house regardless of condition.</p> <p class="mb-4">If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • body<p class="mb-4"></p> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/i-hate-being-a-landlord-what-can-i-do-with-my-properties" }, "headline": "I Hate Being a Landlord! What Can I Do With My Properties?", "description": "If you’ve found yourself saying “I hate being a landlord,” then SleeveUp Homes can offer you a way out.", "image": "https://sleeveuphomes.com/files/blog/5d2c5644-7899-46af-8dba-77e72d88866a_landlord-2-cover.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-03-10", "dateModified": "2021-03-10" } </script> <p class="mb-4">Being a landlord can be a great way to create passive wealth and financial freedom. But like all businesses and investments, it’s not for everyone. Over the years, many people have dipped their toes into renting property, only to regret it later.</p> <p class="mb-4">There are many reasons you wouldn’t want to own and manage real estate. This article will walk you through many of the pitfalls, so you can make an educated choice. But, what do you do if you find yourself with rental property, but realize only too late this isn’t for you?</p> <p class="mb-4">On the other hand, maybe you’ve enjoyed your time as a landlord and the benefits it brought, but it’s become too much work and you’re ready to divest. We will go through several steps you can take to get rid of your property quickly, while still making a nice profit.</p> <h2 class="mb-4">The Pitfalls of Owning Rental Property</h2> <h3 class="mb-4">1. People Problems</h3> <p class="mb-4">Maybe one of the attractions of entering the world of rental property and being a landlord was the cash flow. You may be handy with construction skills and enjoy the labor of fixing up properties.</p> <p class="mb-4">Then you realize you have to deal with people. Being a landlord means you will have to brush up on your people skills. A person with every personality type you can imagine will become your tenant.</p> <p class="mb-4">There’s a good chance you will be lied to at some point. At times, you will even feel like a babysitter. Dealing with people is probably the biggest reason people decide to leave their rental property behind.</p> <h3 class="mb-4">2. Property Damage</h3> <p class="mb-4">Maybe you have the perfect tenant that never damages property, but you soon realize that even with the best tenant there are accidents. Most tenants will want the damage fixed immediately.</p> <p class="mb-4">Then, on the other hand, you may discover a nightmare-worth of damage when a tenant moves out. Not only do you have to do the cleanup, but you will also have to try to recoup some of those losses from the tenant. And that’s just part and parcel of landlording.</p> <h3 class="mb-4">3. Time Management</h3> <p class="mb-4">As a landlord, you are always on the clock. Tenants don’t mind calling you at all hours of the day. As a rule, the biggest emergencies will happen when you are on vacation. This isn’t a 9 to 5 job that you can forget about when you come home. With property management, you’re always on call.</p> <h3 class="mb-4">4. Managing contractors</h3> <p class="mb-4">Unless you are a master at carpentry, plumbing, electrical work, landscaping, etc., you will have to deal with contractors from time to time to get work done. This can be harder than managing tenants. Finding reliable contractors to help keep your property maintained is a constant source of frustration for most landlords.</p> <h3 class="mb-4">5. Paperwork</h3> <p class="mb-4">Being a landlord entails managing a lot of documents. You have closing documents, mortgages, insurance, tenant files, leases, applications, taxes, etc. Be prepared to be very organized and have a system in place or this quickly gets overwhelming.</p> <p class="mb-4" style="text-align: center;"><img alt="Rental Agreement" class="img-fluid" src="https://sleeveuphomes.com/img/landlord-sleeveup-2.jpg" /></p> <h3 class="mb-4">6. Insurance issues</h3> <p class="mb-4">The more properties you have the bigger your insurance issues will be. You will find that you will be constantly shopping, amending, and canceling policies as you manage your insurance coverage.</p> <p class="mb-4">Then, if you have a claim, you will soon learn what your policy really covers. Most people don’t think through the time required to manage insurance policies when they enter the world of real estate.</p> <h3 class="mb-4">7. Water Leaks</h3> <p class="mb-4">We could lump this one under contractors or emergencies or people management. But it is the biggest property hazard you will find so it deserves to be separated from the pack.</p> <p class="mb-4">You will need to be diligent with your inspections. Water can be a silent killer to property and many tenants won’t recognize the signs or even tell you if there is a problem. Being a landlord means you have to do your best to forestall problems.</p> <h3 class="mb-4">8. Being the Bad Landlord</h3> <p class="mb-4">You are probably a really nice person. The last thing you want is to be the grumpy, mean landlord demanding rents or repairs. Unfortunately, you will have to be firm from time to time and address issues with tenants that can be uncomfortable.</p> <p class="mb-4">If you are simply unable to have unpleasant conversations, landlording is probably not for you. At some point, you will unknowingly get tenants who will try to take advantage of your kindness and ultimately damage your property, and if you don’t deal with it, you’re in for a world of financial hurt.</p> <h3 class="mb-4">9. Money Pits</h3> <p class="mb-4">No matter how much financial analysis you do on a property, there are some properties that seem to drain money. The best antidote to this is to keep plenty of cash in reserve for these money-hungry properties. They will happen, and it could be a good reason to <a href="https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure">sell your property before a major financial situation arises</a>.</p> <h3 class="mb-4">10. Vacancies</h3> <p class="mb-4">Properties that continually generate rental income are golden, but you will have vacancies. These can be difficult, especially if they go on longer than you expected. Then, long vacancies can lead to poor decision-making in finding tenants, which causes a new host of issues.</p> <h3 class="mb-4">11. Evictions & Legal Issues</h3> <p class="mb-4">Hopefully, this won’t happen, but if you are in it for the long haul, you will have legal issues with tenants and possibly municipalities. You will probably have to process an eviction or two while being a landlord. Be prepared and realize this comes with the territory.</p> <p class="mb-4"><img alt="What Can I Do With My Properties" class="img-fluid" src="https://sleeveuphomes.com/img/landlord-sleeveup-1.jpg" /></p> <h2 class="mb-4">Don’t Let Your Rental Property Drag You Down</h2> <p class="mb-4">Ok, we know this is a depressing list of pitfalls. If you are thinking of getting into real estate, don’t let this discourage you. It’s just a warning that you should be prepared. On the other hand, you may identify with many of these pitfalls and are just tired and ready to divest and get out.</p> <p class="mb-4">If you identify with these problems and you’ve found yourself saying "I hate being a landlord,” SleeveUp Homes can help. We can purchase the properties from you with a better offer than you will get from other Southern Californian buyers. Don’t worry about the condition either, we can fix it.</p> <p class="mb-4">SleeveUp Homes has been in the rental property business for years, and we purchase properties from distressed homeowners and landlords. If you don’t want to go through the process of selling your home and you want to avoid the real estate wholesalers, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help.</p> <p class="mb-4">We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers to pay top dollar for your house regardless of condition. If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us toda</a>y to get an offer.</p>
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            • short_descriptionIf you’ve found yourself saying “I hate being a landlord,” then SleeveUp Homes can offer you a way out.
            • keywordsIf you’ve found yourself saying “I hate being a landlord,” then SleeveUp Homes can offer you a way out.
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            • titleI Inherited a House - What Can I Do With the Inherited Property?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/i-inherited-a-house-what-can-i-do-with-the-inherited-property" }, "headline": "I Inherited a House - What Can I Do With the Inherited Property?", "description": "When you inherit, you need to make some crucial decisions regarding what to do with the inherited property. Read on to learn all the options available to you.", "image": "https://sleeveuphomes.com/files/blog/8ae041f9-b9c3-4ee3-9b1f-567cbe1e54c1_inherited-prop-cover.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-05-04", "dateModified": "2021-05-04" } </script> <p class="mb-4">Suppose you’ve inherited a house and now you have to figure out what to do with it. Should you move into it and make it your new home? Should you rent it out? Should you sell it? What if there are tenants? Will you have to rehab it and update it before you can sell it? In short, there’s more than one thing you can do with inherited property.</p> <p class="mb-4">So there are some tough decisions you might have to make. In this article, we’ll walk you through many of those decisions and their potential implications. If you decide you don’t want to deal with inherited property and you decide to sell, there are some great options that can help you get a fair price while helping you close quickly.</p> <h2>Option 1: Turn Your Inherited Property Into A Rental</h2> <p class="mb-4">This is a common option many people take when inheriting property. It’s a great option for many because of the potential cash flow it can generate. However, the big question you’ll need to answer is <a href="https://sleeveuphomes.com/i-hate-being-a-landlord-what-can-i-do-with-my-properties">whether you want to become a landlord</a>.</p> <p class="mb-4">Sometimes, people have a romantic notion of owning and receiving income from real estate, but being a landlord takes work, and some people who inherit property might find they aren’t up to the task. Ask yourself these questions:</p> <ul> <li class="mb-4">Is the home in a desirable neighborhood?</li> <li class="mb-4">Will you need to refinance if there is a mortgage?</li> <li and="" any="" class="mb-4" cover="" income="" mortgage="" potential="" rental="" taxes="" the="" will="">Have you completed an inspection?</li> <li class="mb-4">What upgrades and repairs are needed to attract renters?</li> <li class="mb-4">Have you purchased a landlord’s insurance policy?</li> <li class="mb-4">Have you researched rental prices for comparable properties?</li> <li class="mb-4">Have you created a tenant policy or residential lease agreement?</li> <li class="mb-4">Have you considered hiring a professional property manager?</li> </ul> <p class="mb-4">If you aren’t able to anwser all of these, you’re putting your property at risk of depreciation. Over time, it can become more difficult to maintain the property and earn rental income, and this could even make it difficult to keep up with the mortgage and taxes.</p> <p class="mb-4">If relations with a tenant devolve, you’re now risking legal battles around eviction and recovering back due rent. For these reasons, most people who inherit property choose other options.</p> <h2>Option 2: Moving Into Inherited Property</h2> <p class="mb-4">For many people who inherit property, this may be their first thought. The house you are inheriting might be an upgrade compared to your current dwelling, or it might have sentimental value.</p> <p class="mb-4">Moving in and taking over your inherited property is a great option, but make sure you consider several points before taking up residence:</p> <ul> <li class="mb-4">Is there an outstanding mortgage? This will be your responsibility and you need to make sure your budget can support the payments. The mortgage should be around 25% of your net household income. You will have some wiggle room with that number, but it is a safe benchmark that will help with financial health.</li> <li class="mb-4">Can your budget support the expenses? The expenses that come with any inherited home are property taxes, insurance, utilities, potential repairs, and general upkeep. Does your current cash flow support these expenses?</li> <li class="mb-4">How does it compare to your current home? If the land is larger, the yard duties will be more costly and time-consuming. If the home is bigger, utilities might be significantly more than you are used to paying. These are just a couple of points of comparison to consider.</li> <li class="mb-4">Are you aware of potential repairs? We definitely recommend getting an inspection done on the property just like you would if purchasing a new home. This will give you a checklist of repairs needed. Add in potential upgrades as well in this cost list.</li> <li class="mb-4">Is the inherited home in a suitable location? Based on work situations or family needs, think about whether the new property will fit your work, home, and social life.</li> </ul> <p class="mb-4" style="text-align: center;"><img alt="Cost of Living" class="img-fluid" src="https://sleeveuphomes.com/img/cost-of-living.jpg" /></p> <h2>Option 3: Turning Inherited Property into a Vacation Home</h2> <p class="mb-4">Sometimes, inherited property gets used as a secondary or vacation home. The location may not be ideal for you to make the inherited home into your primary home, but it might work as a vacation home.</p> <p class="mb-4">The biggest decision with vacation homes and secondary dwellings comes down to cost. What will it cost to keep the home? Is there a mortgage? What are the monthly utility and maintenance costs? Is rental income available for certain portions of the year, and how will you manage it? Make sure you are aware of all the potential repairs and financial details of the property.</p> <p class="mb-4">If the numbers don’t work out for you to keep it, selling the property is one option if the property is in a desirable area, even if some repairs are needed. Vacation homes are always in high demand, and you might be able to <a href="https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor">sell the home fast if you can find the right buyer</a>.</p> <h2>Other Difficulties When Inheriting Property</h2> <h3>Multiple Family Members Sharing the Inheritance</h3> <p class="mb-4">Oftentimes, you’re not alone in inheriting the property. You may have siblings or other relatives who have a claim to the property. This has the potential to complicate things, and communication is key as all parties involved must be willing to compromise.</p> <p class="mb-4">When multiple parties share the inheritance, then selling the inherited property may be one of the best decisions as the assets can be divided equally among everyone. One party may want the inherited house, while everyone else may want to sell or use the house as a rental.</p> <p class="mb-4">If this is the case, they can buy out the house from the other parties involved. You can also rent and split the profits; however more people involved makes for thinner profits, and someone must be responsible for managing the property.</p> <h3>Repairs to an Inherited Property</h3> <p class="mb-4">Sometimes, an inherited home may need extensive repairs or upgrades. Imagine a home that hasn’t been updated since the 1970s or 1980s. There’s wood paneling on the walls and shag carpets. The toilets are leaking and you discover damage in some flooring and the walls.</p> <p class="mb-4">The foundation is cracked in places. The home might be technically liveable, but there has been some neglect that needs to be addressed. Whether you want to occupy, rent, or sell the home, you will have to sink some money into the home to make it livable first.</p> <p class="mb-4" style="text-align: center;"><img alt="Repairs to an Inherited Property" class="img-fluid" src="https://sleeveuphomes.com/img/inherited-house.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Inherited property often requires repairs to make the home liveable.</em></p> <h3>Inspections Are a Necessity</h3> <p class="mb-4">Treat it like you are buying it and get an inspection. This will give you a checklist of items needed to be done to the home. You will have a scope of work and a projected price tag on the projects.</p> <p class="mb-4">Knowing these items will help you decide whether to rehab or sell it. Even if the repairs are too costly or overwhelming, there are plenty of avenues to sell the property. At least you know what your costs are going to be and the decisions needed to be made.</p> <h3>Mortgages on Inherited Homes</h3> <p class="mb-4">Several times throughout the article we have mentioned the potential of inheriting a property with a mortgage. The dream inheritance would be a perfect house with no outstanding debt.</p> <p class="mb-4">Unfortunately, inherited properties often come with mortgages. In extreme cases, the property <a href="https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure">may be behind on its mortgage obligations</a>, or the property might be underwater.</p> <p class="mb-4">If the property is still carrying a mortgage, the inheritor is responsible for assuming the mortgage and paying off the balance. Sometimes, the outstanding principal can be substantial, and this might force you into selling the inherited property.</p> <p class="mb-4">If you are looking at a large lump sum of mortgage debt, what should you do? Thankfully there are options:</p> <ol> <li class="mb-4">Refinance the mortgage. This frees you from the current payment structure and allows you to change the term like you would on a traditional home mortgage.</li> <li class="mb-4">Use other assets to pay off the property. Many times the deceased will have assets like stocks, bonds, or cash that can be used to clear any debt.</li> <li class="mb-4">Decline to accept the property. In this case, the house goes back to the bank through the foreclosure process, but you lose control of any memorable assets in the property. You may have another relative willing to take over the mortgage.</li> <li class="mb-4">Sell the property. If refinancing the property is not an option, this may be the simplest way to handle the mortgage debt while allowing you some control of the process.</li> </ol> <h3>Due-on-Sale Clause</h3> <p class="mb-4">Be aware of this potential clause in a mortgage agreement. There may be terms within the mortgage that require the outstanding mortgage to be immediately paid in full at the time of the decedent’s death.</p> <p class="mb-4">If so, this issue must be resolved immediately upon inheriting the property. If not paid in a timely manner, the clause allows the lender to foreclose on the mortgage loan.</p> <p class="mb-4">If this is your situation, don’t panic, because federal relief may be available. Federal law provides some protection to individuals who may not want to take ownership of a home with an outstanding mortgage.</p> <p class="mb-4">In 2018, the Consumer Financial Protection Bureau enacted a rule to protect family members who inherit a home with a mortgage. Under this rule, lenders must offer the inheritors the ability for a modification of the terms to the original mortgage.</p> <p class="mb-4">If you find yourself in this situation, you should consult with legal counsel to help you handle the estate.</p> <h3>Consider the Tax Implications of Inherited Property</h3> <p class="mb-4">You may be wondering if you will have to pay taxes on the property. The good news is that the act of inheriting a property doesn’t trigger any immediate liability. What you decide to do with the property will determine what type of tax liability you may have.</p> <p class="mb-4">The value of the property you inherited counts as part of the total value of the estate. If you are the executor of the will you must make sure all taxes and debts have been paid before you can divide the assets. Because this value is so important, having a thorough market analysis of the property is important.</p> <p class="mb-4">Work with a trusted real estate professional to help you create that analysis. This does not have to be a real estate agent. You can find an appraiser or even work with an investor who can connect you with his team of people to do a proper assessment. Having this market analysis will help you provide accurate information to your legal counsel and accountant.</p> <p class="mb-4">Beyond any property tax owed, if you decide to sell or rent the property, you will <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax">pay capital gains taxes</a> on any profit you make on the property. You may decide to keep the home as a primary or secondary residence because the mortgage is paid.</p> <p class="mb-4">There will still be continuing property tax expenses that should be considered before this option is considered. In California, if you decide to keep the property as a rental, there are tax deductions that will potentially work in your favor.</p> <p class="mb-4">Any expenditures you make toward the rental property can be deducted as long as you are not using a property manager to oversee the place for you.</p> <p class="mb-4" style="text-align: center;"><img alt="Property Taxes" class="img-fluid" src="https://sleeveuphomes.com/img/property-taxes.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>When you Inherit property, you also inherit any property taxes.</em></p> <h3>Selling Your Inherited Property</h3> <p class="mb-4">People who inherit property often don’t have the time and energy needed to make repairs. Sometimes, margins are so thin and cash flow is limited, so repairs and upkeep quickly become a burden. For some people, selling the inherited property is the fastest and easiest way out.</p> <p class="mb-4">Selling an inherited property can be difficult, but not for the reasons you imagine. Most people who inherit property struggle with the emotional ties they have to the house.</p> <p class="mb-4">This causes people to postpone making any decisions. It’s difficult saying goodbye to a home that has potential memories. If selling is an option, there is no immediate rush, but eventually you have to consider the option.</p> <p class="mb-4">Here are reasons you should consider putting the property up for sale:</p> <h4><span style="color:#000000; font-size: 75%;">Multiple Owners</span></h4> <p class="mb-4">If multiple people have inherited the property, selling the property may be the only way to disburse the asset equitably.</p> <h4><span style="color:#000000; font-size: 75%;">Overwhelming Repairs</span></h4> <p class="mb-4">The thought of rehabbing a home could be overwhelming. Don’t despair. There are many investors in every market looking for homes they can remodel and add to their portfolio. The positive aspect of selling to an investor is that it is quick and there’s no need to go through a traditional real estate transaction with realtors.</p> <h4><span style="color:#000000; font-size: 75%;">Geographically Undesirable</span></h4> <p class="mb-4">Some people don’t think of this, but the property you inherit might be in another state. Maintaining and managing the property from such a long distance takes plenty of time, effort, and money. Selling is a good option in this situation.</p> <h4><span style="color:#000000; font-size: 75%;">You Can’t Afford the Mortgage or Upkeep</span></h4> <p class="mb-4">Not all inherited property comes free and clear. Many inherited homes still have mortgages that you will need to pay. Can you take on that financial burden? If not, then selling is a perfect solution.</p> <p class="mb-4">If selling the property is a potential option there are unique obligations that come with inherited property:</p> <ul> <li class="mb-4">You may need to wait for a probate court to settle the estate</li> <li class="mb-4">You will need to distribute personal items per the will and potentially hold an estate sale</li> <li class="mb-4">You need to continue to pay the mortgage, property taxes, insurance, and utilities</li> <li class="mb-4">Understand how to report the proceeds of the sale when filing taxes</li> </ul> <h2>Making a Final Decision on Inherited Property</h2> <p class="mb-4">Inheriting property can be sudden and unexpected, and you may not be prepared for all the decisions you need to make. Even if expected, the fog of emotions hampers easy decision-making. We’ve given you many options to consider and several checklists to work through as you decide what to do with your property.</p> <p class="mb-4">If you decide to sell, we can help and make the process quick and painless. If you need a market assessment our team can work through the comparables in the area and provide you an analysis you can use when finalizing the estate. We also have a team of contractors and can give you a fair price on what expected repairs on the house may be. We often close deals in 7 days.</p> <p class="mb-4">SleeveUp Homes has been in the rental property business for years, and we know how to avoid foreclosure, especially if you’re a distressed homeowner who is <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">behind on mortgage</a> payments. <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">We’re not realtors or wholesalers</a>, we buy direct from you and give you the fairest possible price for your property.</p> <p class="mb-4">If you don’t want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition.</p> <p class="mb-4">We cut out the realtors and wholesalers so that we can pay top dollar for your house regardless of its condition. If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • short_descriptionWhen you inherit, you need to make some crucial decisions regarding what to do with the inherited property. Read on to learn all the options available to you.
            • keywordsWhen you inherit, you need to make some crucial decisions regarding what to do with the inherited property. Read on to learn all the options available to you.
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            • slugwhat-do-real-estate-investors-look-for-in-investment-properties
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            • titleWhat Do Real Estate Investors Look For In Investment Properties?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-do-real-estate-investors-look-for-in-investment-properties" }, "headline": "What Do Real Estate Investors Look For In Investment Properties?", "description": "See what real estate investors need to know before they will consider buying your home as an investment property.", "image": "https://sleeveuphomes.com/files/blog/f083e4af-4500-429e-97bb-5470035bc220_investors-cover.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-06-10", "dateModified": "2021-06-10" } </script> <p class="mb-4">Real estate can be a great investment and way to create wealth and stability for you and your family. It can be a source of profitable transactions or steady cash flow. But, how can you know what properties are worth investing in and what can interest potential buyers? First, ask yourself - what do investors look for?</p> <p class="mb-4">Before jumping into the real estate market or selling your house, it helps to get into the mind of professional real estate investors and learn what they look for when they search for investment properties. This can help you come up with strategies to attract offers and get a better price.</p> <p class="mb-4">With the price trends in the US real estate market recently, now might be the right time to sell your property and get top dollar, even from real estate investors. Some real estate investors will happily buy distressed properties, <a href="https://sleeveuphomes.com/i-inherited-a-house-what-can-i-do-with-the-inherited-property">inherited properties</a>, rehab properties, <a href="https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure">pre-foreclosure properties</a>, or older properties that just need an update.</p> <p class="mb-4">Make sure you know what they’re looking for so you can encourage the highest possible offer for your property.</p> <h2>What Makes for A Good Investment Property?</h2> <p class="mb-4">Below are some important points real estate investors have used successfully for years when investing in real estate.</p> <h3>1: Understand the Strategy</h3> <p class="mb-4">If you are looking for investors to try and attract a high offer, it’s important to know their strategies for investing before going into any kind of negotiation. The goal here is to be able to spot whether an offer on your property is reasonable.</p> <p class="mb-4">Are they going to rehab the property and flip it fast? Are they looking to rent for cash flow? Do they want to hold it as a rental until the market appreciates and they can sell for a profit? In essence, you are asking - what are investors looking to do with my property?</p> <p class="mb-4">There are several strategies real estate investors use to capitalize on investment properties:</p> <ul> <li class="mb-4">Buy and use. This is the strategy of many home buyers who don’t mind moving regularly. They buy a property at a lower cost, live in it, and put some sweat equity into the property to improve it. When the market rises, they choose to sell and find another place to live and start the process again.</li> <li class="mb-4">Buy and rent. This strategy will provide cash flow in the form of rents while also watching the property appreciate as time goes on. Over time, they will pay down debt on the property, possibly refinance, and move that cash flow into new investment properties.</li> <li class="mb-4">Buy and sell (short term). This is the strategy of the fix and flipper. They find a distressed property at a discount, rehab it, and sell it for a profit. Watch the numbers on this one and make sure you understand the time and resources needed to invest in rehabbing the property that will net the investor a profit. You can contact a contractor and get an estimate if you are interested in determining the cost of repairs on your property.</li> <li class="mb-4">Buy and sell (long term). This is the strategy of the long-term landlord. They will acquire property while younger. During that time, the rents pay off the property, and, hopefully, the properties appreciate over 10, 20, or 30 years. Then when they are ready to retire, they sell all the assets and use the proceeds for retirement income.</li> </ul> <p class="mb-4">These strategies aren’t exhaustive. There are other creative ways real estate investors will use to enter the real estate market. This is just a sample of the most popular strategies today. Understand the major strategies investors use before you begin talking to them. You owe it to yourself to understand what they can afford to offer you.</p> <p class="mb-4" style="text-align: center;"><img alt="What Do Real Estate Investors Look For" class="img-fluid" src="https://sleeveuphomes.com/img/investment-properties-sleeveip-2.jpg" /></p> <h3>2: Location</h3> <p class="mb-4">You’ve heard the old adage: “Location, Location, Location”. It holds true for many businesses, but it is critical for real estate. Location is important for many reasons. Depending on the strategy used by an investor, the prime location may vary.</p> <p class="mb-4">If your buyer plans on renting, they will look for areas where the neighborhoods are stable, but already have high demand rentals. If they are flipping the property, they will go where houses are selling or to neighborhoods that have seen high appreciation recently.</p> <p class="mb-4">The optimal locations change all the time. Here are some factors that will help you think through the location question.</p> <ul> <li class="mb-4">Neighborhood. What type of tenants will the neighborhood attract? Is your property near a college, where your tenants are likely to be students? Will a buyer be prepared to have seasonal vacancy? Are there unusual neighborhood restrictions, fees, or historical rules in the neighborhood?</li> <li class="mb-4">Schools. If you are investing in a home where families will live, consider the school districts. This gives you leverage to demand a higher offer from a potential buyer.</li> <li class="mb-4">Amenities. Beyond schools, are there plenty of amenities around the location that make it an attractive property? Things like public transportation, shopping centers, hospitals, restaurants, groceries, and parks all affect the value of an investment property, especially for rental properties.</li> <li class="mb-4">Taxes. Every locality, and even county, can have different property tax structures. Make sure you understand those costs and how they will affect overall profits in the property as high taxes reduce your bargaining leverage.</li> <li class="mb-4">Safety. This is a tough one to consider, but understand the crime statistics for your neighborhood. Be prepared to respond to any objections when negotiating with a potential buyer.</li> <li class="mb-4">Distance. Distance will be a major factor that determines the strategy an investor will use if they purchase your property. A property that is farther from a major urban area can be more difficult to sell, and you may not be flooded with offers from real estate investors.</li> </ul> <p class="mb-4" style="text-align: center;"><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/investment-properties-1.jpg" /></p> <h3>3: Cash Flow Potential</h3> <p class="mb-4">This factor is key for real estate investors; they will consider this before making an offer on any potential investment property. Will the cost of the property, the initial repairs, and the ongoing management of the property create a positive cash flow once you apply rental income?</p> <p class="mb-4">There may be periods of vacancies between renters and downtime on the property whenever there is a need for maintenance. It helps to understand the math involved in the event you get into a negotiation with a real estate investment company or a home buyer.</p> <p class="mb-4"><a href="https://sleeveuphomes.com/i-hate-being-a-landlord-what-can-i-do-with-my-properties">If your property is currently a rental property</a>, such as a multifamily property, you’ll have a good idea of the possible cash flow that can be generated from rents. If an investor wants to make an offer on your property, they will be able to make you a larger offer if they are coming in with cash.</p> <p class="mb-4">Keep this in mind before you start contacting <a href="https://sleeveuphomes.com/what-are-the-companies-that-buy-houses-and-how-do-they-work">home buying companies</a> as not all home buyers will use cash to purchase investment properties.</p> <h3>4: Rate of Return on the Property</h3> <p class="mb-4">Investors taking a short-term strategy will look at the overall rate of return alongside the holding time to determine if a property is a worthy investment. Just as an example, let’s pretend a property was purchased for $100k (including the rehab costs), and it took a year to rehab and sell the property for $112k.</p> <p class="mb-4">The pre-tax rate of return is 12% and the holding period is a year. During that year, taxes will accumulate on the property, and these will need to be paid by deducting the tax bill from the profits.</p> <p class="mb-4">This is another piece of the math real estate investors use to determine what they can afford to offer on your property. Investors will not want to lock their funds up in your property for too long due to tax obligations and the need to deploy capital to more profitable investments.</p> <h3>5: Property Condition</h3> <p class="mb-4">No matter how unsightly a house is, it’s still possible to make something from it if the right real estate investor can be found. You’ll need to fully understand the condition of the property and what it will cost to rehab it. It can help to have a qualified inspector look at the property for you. They will probably find issues that you will never see.</p> <p class="mb-4">Some important points to consider are:</p> <ul> <li class="mb-4">What is the age of the property?</li> <li class="mb-4">Are there restrictions on rehabbing the property because it historical?</li> <li class="mb-4">Will the building need to be brought up to code?</li> <li class="mb-4">Are all the appliances new and easy to maintain?</li> <li class="mb-4">What are the plumbing and electrical systems like</li> </ul> <p class="mb-4" style="text-align: center;"><img alt="Investment Properties" class="img-fluid" src="https://sleeveuphomes.com/img/investment-properties-sleeveup.jpg" /></p> <h3>6: Property Value</h3> <p class="mb-4">You will want to know the ultimate value of the property versus what you are willing to take for it in a sale. The best way to understand the value of your property is by looking at recent sales of comparable properties in your local area. You can also look at neighborhood planning and municipal stats to determine if a property will appreciate.</p> <p class="mb-4">In many cases, municipalities will expand in the future, and this can cause the value of the property to appreciate over time. Does the city plan on allowing new development that will bring new amenities? Are new jobs coming into the city or are wages increasing?</p> <p class="mb-4">Are revitalization efforts being made in the area? Is the population growing? What does zoning look like and will there be any near-future changes? These demographic stats can help understand potential appreciation.</p> <p class="mb-4">Other statistics that can help you understand the market are:</p> <ul> <li class="mb-4">Home prices and sales in the market</li> <li class="mb-4">New construction activity</li> <li class="mb-4">Mortgage rates</li> <li class="mb-4">Foreclosure rates</li> <li class="mb-4">Inventory of property on the market</li> </ul> <p class="mb-4" style="text-align: center;"><img alt="Investment Properties" class="img-fluid" src="https://sleeveuphomes.com/img/investors-3.jpg" /></p> <h2>The Bottom Line</h2> <p class="mb-4">Just because your property may need some repairs, has some back mortgage payments, or be in a less-than-desirable location doesn’t mean it’s not worth the investment. If you want to sell a pre-foreclosure property, inherited property, or any other kind of property, SleeveUp Homes can help.</p> <p class="mb-4">We pay in cash for Southern California homes, and we cut out the middlemen like <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">wholesalers and real estate agents</a>. SleeveUp Homes has been buying houses and helping owners of distressed properties get the best price they can for years, and we know how to avoid foreclosure, especially if you’re <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">behind on mortgage</a> payments.</p> <p class="mb-4">If you don’t want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition.</p> <p class="mb-4">If you’re ready to sell your home for top dollar without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us</a> today to get a cash offer.</p>
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            • short_descriptionSee what real estate investors need to know before they will consider buying your home as an investment property.
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            • titleCan You Sell Your House During a Divorce?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/can-you-sell-your-house-during-a-divorce" }, "headline": "Can You Sell Your House During a Divorce?", "description": "Can you sell your house during a divorce? Yes, but there are many factors to consider. Read on to learn why you need to be careful and how the sale works.", "image": "https://sleeveuphomes.com/files/blog/7881b98e-e2a7…0-3e74d5491740_sleeveup-homes-selling-a-house.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-07", "dateModified": "2021-08-07" } </script> <p class="mb-4">Getting divorced is one of the most emotionally taxing events that can happen to a person. Even if the divorce is amicable, your life is still being uprooted and that’s not easy to handle. The last thing you want to think about is the division of assets, but the sooner it’s done, the easier it will be to start over. And as a home is the most valuable asset most people have, you may want to consider selling your house during a divorce.</p> <p class="mb-4">Otherwise, even in the best of situations, things can quickly get too complex and even more unpleasant. Think of it as ripping off a bandaid – the quicker you do it, the less it will hurt. And, to the best of your abilities, try to follow your reason and not your emotions. In this article, we’ll explain how, and when, you can sell your house during a divorce and give some advice on how to do it.</p> <h2 class="mb-4">What Happens to Real Estate in a Divorce?</h2> <p class="mb-4">Before you can know if you can sell your house during a divorce, you need to know who the property belongs to. In California, <a href="https://www.courts.ca.gov/1039.htm?rdeLocaleAttr=en" rel="nofollow">the laws</a> are relatively straightforward. The term community property is important – it is everything you and your spouse or domestic partner own together, which is everything you bought or earned while you were married.</p> <p class="mb-4">This includes physical property like your house or car, and also banks accounts and cash, pension plans, stocks, etc., but also a mortgage, loans, and other debt. However, inheritance or gifts only one person received doesn’t count as community property and is considered separate property. What a person does with their separate property is fully up to their discretion.</p> <p class="mb-4">The baseline in California is that community property is divided 50/50 during a divorce. So, if you’ve bought a home while you were still married, both you and your spouse will own half of it after the divorce, which means that you can’t simply sell it on your own.</p> <h2 class="mb-4">Is It Possible to Sell Your Home During a Divorce?</h2> <p class="mb-4">In short, yes, but it’s contingent on a lot of factors. First and foremost, who is the rightful owner, which, as was previously mentioned, is likely both spouses. If a home is considered separate property – let’s say you inherited a home – then you can do with it as you please. However, the situation is rarely as clear-cut.</p> <p class="mb-4">If your marital home is community property, the best option is if you both agree to sell it. So, yes, selling your house during divorce is possible even if neither party is the sole owner, but both of you must consent to sell the house. The easiest way to do it is to come up with a stipulation.</p> <p class="mb-4">The stipulation should include all of the practical details pertinent to selling the home, such as the choice of realtor, the set price and how it is to be reduced if necessary, who’s share will be used to pay any liens, who gets to approve offers, etc. A stipulation is best created through both parties’ lawyers or a mediator.</p> <p class="mb-4">However, if both parties can’t agree on what to do with the house, it becomes much more complicated. The home can still be sold but only by court order. You cannot sell the home on your own during divorce proceedings without the consent of your spouse or with permission from the courts.</p> <h3 class="mb-4">Buying Out Your Spouse’s Share</h3> <p class="mb-4">Another option is to buy out your spouse’s share of the home (or vice-versa). As most homes are considered community property in California and are thus usually divided 50/50, one spouse can buy the home from the other – this is called a buyout. Effectively, it works the same as a home sale.</p> <p class="mb-4">This also means that you will need to go through the standard steps of a home sale – getting a fair market assessment of the home, determining the buyout payment method, dealing with the mortgage, any outstanding debts on the home, etc. Once one party buys out the other party, the home becomes their sole property.</p> <p class="mb-4"><img alt="Sell Your House During a Divorce" class="img-fluid" src="https://sleeveuphomes.com/img/sell-your-house-during-a-divorce.jpg" /></p> <h2 class="mb-4">Is It Smart to Sell a Home During a Divorce?</h2> <p class="mb-4">Then, in contentious divorce proceedings, the family home may become a chess piece that one spouse uses to hurt the other. In such a case, selling the home, even if by court order, is the best possible option. Finally, from a purely psychological standpoint, selling the home may be best so that both spouses can start fresh and without the emotional baggage of a family home.</p> <p class="mb-4">However, if kids are in the picture, the situation gets even more complex. Maybe you want to maintain a semblance of stability and keep the kids in the same home they grew up in. Buying out may be best in this case, but that still leaves one person to deal with the mortgage, maintenance, and upkeep – once again, one household income has been split into two.</p> <h2 class="mb-4">Advice for Selling a Home During a Divorce</h2> <p class="mb-4">If you do decide to sell your house during a divorce, the first and most important piece of advice is to try to keep emotions out of it. But, saying it is one thing and actually doing is another, and understandably so. Thus, let’s look at some practical advice.</p> <h3 class="mb-4">Agree on the Division of Assets Before the Sale</h3> <p class="mb-4">This is a must. Before you sell the home, you and your spouse should agree on who gets what. While a 50/50 split is the norm in California, it doesn’t have to be the case. The division of assets should be done through lawyers or a mediator.</p> <h3 class="mb-4">Find a Realtor with Divorce Experience</h3> <p class="mb-4">Some realtors specialize in selling homes while the divorce is ongoing. As they don’t represent either side, but both spouses, they need to be both neutral and excellent communicators. It’s best if both parties agree on the realtor they will use, so that nobody feels slighted or forced into a bad deal.</p> <h3 class="mb-4">Make Copies of Everything</h3> <p class="mb-4">Make copies of <a href="https://sleeveuphomes.com/full-checklist-of-the-documents-required-to-sell-property">any and all documents</a> that could be pertinent to selling the house. Copy the tax returns, the bank statements regarding the mortgage, the deed, any liens against the home, etc. The more documents you have, the safer you are.</p> <h2 class="mb-4">The Quickest Way to Sell Your House During a Divorce</h2> <p class="mb-4">If you and your spouse have agreed on selling the home, you can contact SleeveUp Homes and <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a>. You don’t need to worry about making any repairs, holding open houses, or prolonging the process any longer. We buy as-is, offer the best price possible, and can help you close in as little in 7 days so that you can try to get on with your life.</p>
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            • short_descriptionCan you sell your house during a divorce? Yes, but there are many factors to consider. Read on to learn why you need to be careful and how the sale works.
            • keywordsCan you sell your house during a divorce? Yes, but there are many factors to consider. Read on to learn why you need to be careful and how the sale works.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-the-best-way-to-sell-a-house" }, "headline": "What Is the Best Way to Sell a House?", "description": "What is the best way to sell a house? It depends on what you want to get out of the sale. Read on to find the perfect way to sell in any situation.", "image": "https://sleeveuphomes.com/files/blog/5893eeba-d773-441c-b7a7-42c12fd3cd3d_sell-a-house-sleeveup.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-09-03", "dateModified": "2021-09-03" } </script> <p class="mb-4">When you are intending to sell property, it’s natural to try to make the most out of it. While many people hope to sell high and sell fast, you should temper your hopes with realistic expectations. First, you must decide what the best realistic outcome is and then find out what the best way to sell a house is <em>in your specific situation</em>.</p> <p class="mb-4">Now, that’s not to say you can’t get lucky – you may set a high price, get an offer, and close within a week. But usually, you’ll have to balance the time it takes to sell and the asking price, and how much personal labor you’re willing to put into it and how much money ends up in your wallet. But, before all else, you should understand the market conditions in your locality.</p> <h2 class="mb-4">Consider the Real Estate Market Conditions</h2> <p class="mb-4">The real estate market in your vicinity will play a large part in determining what price you can set and how fast you can expect to sell. And, in general, the U.S. real estate market is currently booming, so you are in a good spot. But, you need to understand the specific conditions in your locality and not in the wider area.</p> <p class="mb-4">For example, the California real estate market is hot, but that doesn’t necessarily apply to <a href="https://sleeveuphomes.com/orange-county">selling a house in Orange County</a> (given the current market, it does apply, but the point still stands). Check the prices of <em>comparable</em> homes that have sold recently <em>in your area</em> so you can know what to expect and what price to set.</p> <p class="mb-4">Naturally, you can’t influence the real estate market. You can let it guide your decision in whether you will try to sell now or wait a few years until the situation is, hopefully, more favorable. However, you can choose the time of year to list your home, and that will also influence how high and/or fast you can sell.</p> <h3 class="mb-4">Seasonality Also Affects Home Sales</h3> <p class="mb-4">There’s an entire science to <a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house">choosing the best month to sell a house</a>. But, to give a broad overview, listing your home in spring gives you the highest chance to find a good buyer, followed by summer, then fall, and finally winter. So, <em>how to sell a house</em> should always be asked alongside <em>when</em>.</p> <p class="mb-4">In a place like California, with year-round warm weather, the colder seasons have less of an effect, but spring and summer are still peak seasons. That’s not to say that the right buyer won’t come along in the middle of February, just that those kinds of buyers are few and far between.</p> <h2 class="mb-4">Looking to Sell Your Home Fast?</h2> <p class="mb-4">If you are very liberal with the asking price, selling fast is not an issue. With a below-average asking price, you will be able to find a buyer easily. The same more or less applies to selling to a wholesaler – they will buy your home quickly, but will often give low-ball offers. However, you likely don’t want to lower your price too much.</p> <p class="mb-4">In this case, your home should be in excellent shape before you put it on the market. That means taking care of all repairs beforehand, possibly renovating the exterior to attract potential buyers, and increasing your curb appeal. Having an appraisal and inspection done can also speed up the process.</p> <p class="mb-4"><img alt="Best Way to Sell a House" class="img-fluid" src="https://sleeveuphomes.com/img/best-way-to-sell-a-house.jpg" /></p> <h2 class="mb-4">Or Looking to Sell Your Home for the Highest Price?</h2> <p class="mb-4">Selling your home high is, in large part, based on waiting for the right buyer to come along. However, even if you are willing to wait, you shouldn’t set an unreasonably high asking price. Once again, compare the prices of homes that have recently sold in your vicinity and make your decision based on that.</p> <p class="mb-4">Now, waiting for the perfect buyer that will pay the asking price naturally means that you will likely not be able to sell quickly. A compromise is to increase the value of your home and look for a good buyer that is willing to pay only slightly below the asking price. If you are willing to invest in your home to increase its value, consider:</p> <h3 class="mb-4">What Are the Most Cost-Effective Repairs and Renovations?</h3> <p class="mb-4">Some repairs are necessary, while some will increase the value of your home. The same goes for renovations. However, not all repairs and renovations are equally cost-effective. Your best bet is to make small, cheap, and visible renovations – like a new paint job, fixing a broken roof, freshening up the kitchen, etc.</p> <p class="mb-4">Large additions – like adding a swimming pool for example – will increase the price of your home and may be worthwhile in a luxurious area, but not in most localities. Such additions do increase the price, but the cost and potential gain will be diminished if that is not what potential buyers are interested in.</p> <h3 class="mb-4">Don’t Forget About the Capital Gains Tax</h3> <p class="mb-4">Finally, the aim of selling high is to end up with more money in your wallet, which is not only based on the price. You also need to consider how much you will <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax">pay in capital gains tax</a>. To oversimplify, you pay the least if you are selling your primary residence. Conversely, you will pay the most if you are selling a home that you’ve owned for less than a year.</p> <h2 class="mb-4">Selling through an Agent</h2> <p><img alt="People Shake Hands" class="img-fluid" src="https://sleeveuphomes.com/img/people-shake-hands-sleeveup.jpg" /></p> <p class="mb-4">Then, we get to how you intend to conduct the sale of your home. The traditional way is to sell through an agent. A good agent will likely get a good asking price and be able to sell your home relatively fast, plus you will have to put in minimal effort.</p> <p class="mb-4">However, realtors charge commissions and that’s the main downside of working with them. The median commission in California is around 5% and it goes higher for more expensive homes. So, if your home was sold for $600 000, the agent’s cut would be $30 000, which is a large chunk of proceeds.</p> <h3 class="mb-4">Or Selling on Your Own?</h3> <p class="mb-4">On the other hand, you can choose to sell on your own. ‘For Sale By Owner’ homes are far from rare. Yet, know that you have your work cut out for you if you go down this route. You will need to do the marketing, organize showings and open houses, negotiate with buyers and buyer’s agents, take care of the paperwork personally, etc.</p> <p class="mb-4">You will be putting a lot of your time and energy into preparing and selling your home, but you will avoid paying a commission. In essence, it’s a balancing act, but this could be the best way to sell a house in your situation. Additionally, you can always try selling on your own and hire a realtor if you realize you are not up to it.</p> <h2 class="mb-4">Is There a Way To Sell High and Fast?</h2> <p class="mb-4">You always have options if you dig around enough, and <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> is one of them. We are not realtors or wholesalers, so you won’t be paying any commission and we will always offer a fair price. And because we do our own repairs, you don’t need to invest in preparing your home, leaving more money in your wallet.</p> <p class="mb-4">If you contact us today to <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a>, you will see why so many Californians put trust in us. You are under no obligation to sell and it’s your call what the best way to sell your house is, but if you do decide that our offer is more than fair, you can expect to close in as little as seven days and even receive $10 000 in advance.</p>
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            • short_descriptionWhat is the best way to sell a house? It depends on what you want to get out of the sale. Read on to find the perfect way to sell in any situation.
            • keywordsWhat is the best way to sell a house? It depends on what you want to get out of the sale. Read on to find the perfect way to sell in any situation.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/is-taking-a-house-off-market-possible-and-what-are-the-steps" }, "headline": "Is Taking a House Off-Market Possible and What Are the Steps?", "description": "Are you wondering what the process of taking a house off-market is? Read on to learn what it entails, how to do it, and what the repercussions are.", "image": "https://sleeveuphomes.com/files/blog/04cde987-a2f3…41f-822c-e4c3f249e9e9_taking-house-off-market.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-09-13", "dateModified": "2021-09-13" } </script> <p class="mb-4">Seller’s remorse is far from uncommon, so having a change of heart after you’ve already listed your home is not shocking. Consequently, taking a house off-market is a common occurrence, especially for people who are emotionally invested in the home they are selling.</p> <p class="mb-4">However, before you go down this route, think hard if it’s just a mild case of cold feet that will pass with time. If it’s not and you are positive you wish to take your house off the market, this article will explain how you can do it and what the consequences could be.</p> <h2 class="mb-4">What Are the Preconditions for Taking Your House Off the Market?</h2> <p class="mb-4">In short, there are none. So, if you are wondering - can I take my house off the market at any time? – the answer is yes. You don’t need to get a special permit, go through your lawyer, or anything of that nature. However, that does not mean that taking your home off the market has no repercussions.</p> <h2 class="mb-4">When Should You Consider Taking a House Off-Market?</h2> <p class="mb-4">Removing your home from listings is not as inconsequential as deleting your social media profiles. That is to say, you shouldn’t do it on a whim. There are valid reasons for taking a house off-market, but give yourself a few days to process and think through your decision. Here are some common reasons why you might wish to take your home off the market:</p> <h3 class="mb-4">You Are Unsatisfied With Your Agent</h3> <p><img alt="Female Real Estate Agent" class="img-fluid" src="https://sleeveuphomes.com/img/real-estate-agent.jpg" /></p> <p class="mb-4">One common reason people remove their homes from listings is that they wish to work with a different real estate agent. Maybe you are unsatisfied with the way they market your home or the offers they put forth. It could also be that you have a good agent, but the two of you aren’t a good fit.</p> <p class="mb-4">You could even be perfectly satisfied with your agent and have an excellent working relationship, but you did the math and found that you could do better if you were to <a href="https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor">sell your house on your own</a> and avoid paying the commission. These are all valid reasons to consider taking your house off-market.</p> <h3 class="mb-4">The Listing Is Stale</h3> <p class="mb-4">In case your home has been listed for a long time without getting any worthy offers, you might consider taking it off-market. In general, if your house has been listed for over 60 days without any offers, the listing will be considered stale.</p> <p class="mb-4">Potential buyers might assume that something is wrong with the property if it is listed for too long. Thus, taking it off-market and waiting a bit of time to list again can be a good tactic to reach a new potential pool of buyers.</p> <p class="mb-4">However, you should consider why your home has been on the market for so long. Could it be that the price is too high? Maybe your home could use some remodeling to attract buyers? Is it something as simple as your marketing being slightly off? For instance, would a few pictures taken by a professional photographer get you buyers?</p> <p class="mb-4">On the other hand, you could have done everything right but the market conditions simply aren’t favorable and you need to wait until they change. Similarly, you could be looking for niche buyers – maybe your home is very luxurious or in a remote location. A stale listing is a valid reason to take your home off-market, but don’t forget to examine <em>why</em> it happened.</p> <h3 class="mb-4">You No Longer Wish to Sell</h3> <p class="mb-4">Wanting to change agents or a stale listing are not the only valid reasons for taking your house off the market. It could be as simple as you deciding you no longer wish to sell your home. It may be due to a change of heart, a change in your financial situation, or a change in life circumstances. These are all valid reasons to take your home off-market.</p> <h2 class="mb-4">The Consequences of Taking a Home Off-Market</h2> <p class="mb-4">Regardless of the reasons you decide to take your home off-market, understand that there will likely be some consequences. Weigh the pros and cons to decide whether you wish to go through with your decision. There are three likely scenarios that will determine the potential repercussions:</p> <h3 class="mb-4">If Selling Privately</h3> <p class="mb-4">Taking a house off-market when selling privately is the easiest and least costly option, assuming you’ve accepted no offers yet. You will have potentially wasted some time and the resources you put into marketing your home or preparing it for sale, but that’s it.</p> <h3 class="mb-4">If Listing with an Agent</h3> <p class="mb-4">In case you listed through an agent, you might be subject to paying a cancelation fee. Many contracts you make with an agent will include a cancelation clause. It is used to protect the agent and reimburse them for their services if the sale did not go through, so read your contract carefully before you take your house off-market.</p> <h3 class="mb-4">If Already Under Contract</h3> <p class="mb-4">The biggest issue you can have is if you’ve accepted an offer and now want to cancel it. Even in this case, you can likely take your home off-market, but you’ll need to go through the cancelation process. You might want to hire a lawyer to go over the contract you signed if this is the case.</p> <h2 class="mb-4">Will All Agents Charge a Fee?</h2> <p class="mb-4">We’ve stated that you <em>could</em> be liable to pay a cancellation fee to your agent if you take your house off the market. However, many agents will work with you to avoid this altogether. If you have a good relationship and inform them on time, they could simply choose to end the contract and you can go your separate ways.</p> <p class="mb-4">One other option is that you will need to reimburse them just for the money they spent on marketing. The worst-case scenario is if they ask for the full commission. This could happen if they did a good job and brought you strong offers, so you cancel their contract to avoid (or they think this is the reason you did it) paying them their commission.</p> <h2 class="mb-4">How to Take Your Home Off the Market</h2> <p class="mb-4">Now that you are aware of the potential outcomes of taking your house off the market, it’s time to explain how to do it. And it’s not difficult. If you have an agent, inform them and it is their responsibility to take the property down from MLS or any other listing websites. Removing a listing from MLS usually removes it from other listings, too.</p> <p class="mb-4">If you are selling the home personally, you will need to remove it from any websites where you advertised. It’s not a complicated process and you’ll need to delete your profile/remove the listing from the websites. Some websites take around 24 to delist houses, so don’t be surprised if it isn’t instantaneous. Just double-check that you’ve done it everywhere.</p> <h2 class="mb-4">How to Sell an Off-Market Home?</h2> <p><img alt="Sell and Off-Market Home" class="img-fluid" src="https://sleeveuphomes.com/img/how-to-sell-an-off-market-home.jpg" /></p> <p class="mb-4">After you’ve delisted your property, you might be wondering if you can still sell. And the answer is a resounding yes. If you’ve taken your home off the market to avoid making repairs, because the listing was stale, the offers weren’t good, or you wanted to avoid paying the realtor commission, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>.</p> <p class="mb-4">We do all repairs ourselves and will buy your home as-is. Because we aren’t wholesalers, flippers, or realtors, you will pay no commission and we can offer top dollar for your home. <a href="https://sleeveuphomes.com/request-offer">Request a cash offer</a> and we will contact you to schedule a visit straight away.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it" }, "headline": "Foreclosure Notice of Default in California – What Is It?", "description": "Receiving a notice of default is frightening. Before you do anything, you should learn what it is and how it works so that you can know what steps to take.", "image": "https://sleeveuphomes.com/files/blog/10592b45-83e7-449e-86b4-29b93a7c40d0_notice-of-default.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-09-16", "dateModified": "2021-09-16" } </script> <p class="mb-4">Nobody wants their home to be at risk of foreclosure and the stress of losing their property can lead people to make rash and unwise decisions. With all of the economic pressure everyday Americans feel, it’s no surprise. Sometimes, when people receive a notice of default letter from their lender, they believe that there’s no recourse and they will end up losing their house no matter what they do.</p> <p class="mb-4">This couldn’t be further from the truth. Foreclosure is a highly regulated process and if you keep your wits about you, you may be able to avoid foreclosure altogether or at least delay it. The notice of default in California is only the first step in the foreclosure process – there are still many steps your lender needs to take before they can auction off your property.</p> <p class="mb-4">There are many ways you can <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">avoid foreclosure</a> and it all begins with understanding how it works. This article will explain what the notice of default is, how it works, and what you should pay special attention to if the notice is filed by your lender.</p> <h2 class="mb-4">What is the Notice of Default?</h2> <p class="mb-4">The notice of default is a public notice that is filed in the county where your home is located stating that you are in default on your mortgage. It is used to notify you that you are in breach of your mortgage contract and that the lender is initiating the formal foreclosure process.</p> <p class="mb-4">However, in California, before the lender can file a notion of default, they need to contact you and everyone listed on the mortgage loan to explore other options to avoid foreclosure. For 30 days after contacting you, they cannot start the foreclosure process and you can meet with them (or a lawyer, advisor, etc. on your behalf) to see what can be done.</p> <p class="mb-4">Additionally, even before the lenders contact you to explore your options and record the notice of default, they may send you letters demanding you pay what you owe. These letters are not notices of default and consequently not public record, simply standard letters warning you that you are in arrears and need to make payments to make the loan current.</p> <h2 class="mb-4">What Information Does It Contain?</h2> <p><img alt="Foreclosure Notice of Default" class="img-fluid" src="https://sleeveuphomes.com/img/notice-of-default-sleeveup.jpg" /></p> <p class="mb-4">A notice of default will include all information pertinent to you, your lender, the property in question, details on the nature of the default and what you can do to fix it, and what they will do if you do not take care of your debt.</p> <p class="mb-4">In essence, it will most likely contain your and your lender’s name and address, the address of your property, the terms of the mortgage, the amount of money you owe, and what steps they will take if you don’t cure the default.</p> <p class="mb-4">In case you don’t manage to pay what you owe within the designated 90 days, your lender can record a notice of sale – informing you and everyone else that they intend to sell your property. However, the sale cannot happen for 21 days after the notice of sale has been recorded.</p> <p class="mb-4">Further, even if you do manage to pay what you owe within the 90 days after a notice of default has been recorded, your credit score can take a hit. A notice of default is a formal, public document, thus it is reported to the credit bureaus, which means that your credit score will likely go down.</p> <h2 class="mb-4">Additional Considerations if a Notice of Default Is Filed</h2> <p class="mb-4">Because a notice of default is a public document, it can be accessed by anyone and everyone. This means that you will likely be contacted by many companies and individuals who claim to be able to prevent foreclosure, if you pay them, of course.</p> <p class="mb-4">These types of services from for-profit companies often amount to nothing, and you just end up losing more money. If you need assistance and advice, there are many government agencies and non-profit organizations that offer services to help default borrowers for free.</p> <h2 class="mb-4">What Are Your Options If the Foreclosure Process Begins?</h2> <p class="mb-4">Again, we need to stress that just because the foreclosure has begun does not mean that your lender will take your house. There is a multitude of options available that can help you avoid it or at least delay it. One of those options is selling your property before the banks get to auction it off and ruin your credit score.</p> <p class="mb-4">At <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>, we buy houses in foreclosure. Because we aren’t realtors or wholesalers, we can pay top dollar for your property. <a href="https://sleeveuphomes.com/request-offer">Request a cash offer</a> and maybe you can pay any outstanding debt you have and get a fresh start with some money in your pocket.</p>
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            • titleHow Does Real Estate Wholesaling Work?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-does-real-estate-wholesaling-work" }, "headline": "How Does Real Estate Wholesaling Work?", "description": "Have you ever asked yourself – how does real estate wholesaling work and why do people sell to wholesalers? Read on to find the answers and see some examples.", "image": "https://sleeveuphomes.com/files/blog/b7969fe9-f555…bbc2de4_how-does-real-estate-wholesaling-work.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-01-24", "dateModified": "2022-01-24" } </script> <p class="mb-4">Considering the state of the real estate market in 2022, you’ll likely be inundated with offers as soon as you put your home on the market. Some of those offers may be from private buyers, but some will definitely be from wholesalers. Before you accept any offer, ask yourself – how does real estate wholesaling work?</p> <p class="mb-4">Understanding the motivation and mechanics behind the offers you receive is the first step in finding the best buyer possible. By reading this article, you will learn how real estate wholesaling works, how to spot a wholesaler, and learn to differentiate whether someone is making a genuine offer or simply trying to make a profit at your expense by flipping the property.</p> <h2 class="mb-4">What Is Real Estate Wholesaling?</h2> <p class="mb-4">Real estate wholesaling is the process of entering into a temporary contract with a homeowner that gives the wholesaler the right to sell the property to a third party. The wholesaler then sells the property to the third party for a profit. <strong>The wholesaler does not purchase the property.</strong></p> <p class="mb-4">We should stress that real estate wholesaling is legal. Some wholesalers use unscrupulous and underhanded tactics to get homeowners to sign contracts, but wholesaling is not a <a href="https://sleeveuphomes.com/avoiding-scams">real estate scam</a> per se. There are many federal and state laws intended to prevent homeowners from getting outright defrauded and virtually all wholesalers know how to avoid crossing that line.</p> <h2 class="mb-4">How Does Wholesaling Real Estate Work?</h2> <p class="mb-4">Let’s say you are selling a property and get approached by a wholesaler. They get your house under a real estate contract and agree to sell it for a certain amount by a certain date. Then, they go look for a buyer to sell the contract to and pocket the difference between the amount you agreed on and how much they actually sold the home for.</p> <p class="mb-4">To exemplify – the contract you sign with the wholesalers lists the price of your property as $200,000. They search for buyers and manage to sell your home for $230,000. The $30,000 difference between the listing price and what the property actually sold for is called the ‘spread’. The wholesaler gets to pocket the $30,000.</p> <h3 class="mb-4">How Is Real Estate Wholesaling Different from Real Estate Investing?</h3> <p class="mb-4"><strong>A real estate investor is the end buyer.</strong> They may resell your property but only after they have purchased it. A real estate wholesaler does not buy your property. Further, investors will most often perform any repairs needed or remodel the house after they buy it, while this is not something a wholesaler does.</p> <h2 class="mb-4">What Are the Disadvantages of Making Real Estate Deals with Wholesalers?</h2> <p class="mb-4">We’ve explained how wholesalers make a profit. So, obviously, you get less money than you potentially could. And, ultimately, that’s the main disadvantage of making real estate deals with wholesalers. But it goes further than that in practice.</p> <p class="mb-4">Wholesalers will often approach owners of distressed properties that are in a rush to sell. Let’s go with a $300,000 home this time. Your home could be worth $300,000 in the traditional market if it were in perfect condition, but serious repairs need to be made – let’s say the roof needs to be replaced and the HVAC system is severely outdated.</p> <p class="mb-4">Because the home is not in pristine condition and they need to sell it in a certain time-frame and make a profit, they cut the value of your home to 80%, so now it’s at $240,000. From that, they estimate what the repair costs could be and deduct them from the price.</p> <p class="mb-4">In this instance, you are dealing with an honest wholesaler and they correctly estimate that the repairs would cost around $30,000. So, the offer they make you is $240,000 - $30,000 = $210,000. They sell the home to an investor for $230,000 and now you’re out $20,000 that you could have used to pay off some debts or take your family on holiday.</p> <p class="mb-4"><strong>And all of this is presuming you are dealing with an honorable wholesaler.</strong> The more unscrupulous ones will use underhanded tactics. They may present themselves as real estate investors and keep you in the dark about how the process works.</p> <p class="mb-4">If they know you are in a rush to sell and assess that you don’t know the true value of your property, they could present an unrealistic picture of the state of your property and low-ball you. It is not uncommon for them to inflate the repair cost estimates and pressure homeowners into signing the contract right away.</p> <p class="mb-4">In short, if you are feeling pressured at any point or the process is not transparent, be extremely wary. Do your research on the potential buyer and don’t rush into signing any contracts.</p> <h3 class="mb-4">An Additional Risk of Selling Real Estate to a Wholesaler</h3> <p class="mb-4">Besides making less money than you could, selling to a wholesaler comes with an additional risk – the deal may not go through. Because they are not the ones buying your home, there is always the possibility that they cannot find a third party to actually buy it. This leaves you sitting on your house for the duration of the contract, without any way to look for other buyers yourself.</p> <h2 class="mb-4">Why Do People Sell Real Estate to Wholesalers?</h2> <p class="mb-4">We’ve answered the questions – how does real estate wholesaling work? We’ve explained the disadvantages and risks of making real estate deals with wholesalers. This naturally leads to the question – should anyone ever <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">sell their property to a wholesaler</a>?</p> <p class="mb-4"><img alt="How Does Real Estate Wholesaling Work" class="img-fluid" src="https://sleeveuphomes.com/img/how-does-real-estate-wholesaling-work-2.jpg" /></p> <p class="mb-4">If the answer was a resounding no, wholesalers would be out of business. Yes, if you sell your house to a real estate wholesaler, you won’t make as much money as you would otherwise. But good wholesalers have a wide network of investors and other buyers to whom they can sell your house.</p> <p class="mb-4">So, when people are selling distressed properties, wholesaling real estate is sometimes their only option. While not optimal, good real estate wholesalers may be able to sell your house when nobody else could or it would take a lot of work. In short, selling to a wholesaler simplifies the process at the cost of losing money. For some people, that’s a deal they’re willing to make.</p> <h2 class="mb-4">Is There a Way to Sell Distressed Real Estate Other than to Wholesalers?</h2> <p class="mb-4">If you are in California, yes, you have a better option – contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We are Southern California investors that will buy your property as-is for top dollar and you can close in as little as 7 days. You are selling directly to us and we will take care of any repairs needed in-house, which is why we can give you the best offer possible.</p> <p class="mb-4">In addition, we take care of the closing costs and you won’t be paying any realtor commission. But don’t take us at our word – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> and compare it to offers you’ve received from wholesalers. We’re confident you’ll notice a stark difference.</p>
            • images{"1":"eeabcad8-4e89-4e9c-b159-8239a98e5816_how-does-real-estate-wholesaling-work.jpg"}
            • short_descriptionHave you ever asked yourself – how does real estate wholesaling work and why do people sell to wholesalers? Read on to find the answers and see some examples.
            • keywordsHave you ever asked yourself – how does real estate wholesaling work and why do people sell to wholesalers? Read on to find the answers and see some examples.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/listing-vs-selling-agent" }, "headline": "Let’s Compare: Listing Agent vs Selling Agent", "description": "There is so much confusion around two real estate terms, so check out this article if you want to see a comparative analysis of listing agent vs selling agent.", "image": "https://sleeveuphomes.com/files/blog/b0fb0c1e-db2c…bf571a4_real-estate-agent-holding-model-house.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-04-11", "dateModified": "2022-04-11" } </script> <p>The real estate market can sometimes be confusing, especially for first-time buyers and sellers. There are many new terms that sometimes don’t mean what you think they mean. For example, a seller’s agent is the opposite of a selling agent. Selling and buying a house is exhausting enough without these complications, so we made this listing agent vs selling agent article to help you move forward easily.</p> <p>Both listing and selling agents are real estate agents and they help their clients get the best offer out there, but the main difference is precisely the client. <strong>A selling agent represents a homebuyer, while a listing agent represents a home seller</strong>. Oftentimes one real estate agent can do both jobs, depending on the client, but some agents prefer to specialize in one or the other. There are cases when one agent represents both parties during a transaction, but it is frowned upon and an agent has to show unwavering unbiased.</p> <h2>What Is a Listing Agent?</h2> <p>When discussing listing agent vs selling agent, note that they are not competitors, but rather mediators between a buyer and a seller. Their main job is to negotiate on behalf of the clients and to do the legwork necessary for the process of home buying and selling.</p> <p>That being said, let’s explain thoroughly what a listing agent is. <strong>A listing agent is a real estate representative hired by a person who wants to sell a property</strong>. They work in the best interest of the seller, they help establish the asking price, as well as negotiate the selling price. They are involved in staging a home for the house tours, and they are in charge of the general marketing of the house.</p> <p>Another name for the listing agent is <em>the seller’s agent</em>. A seller’s agent will give you insights into the housing market and tell you what to add or remove to appeal to more buyers. Additionally, they could be your link to many other contractors, inspectors, and other people in the industry.</p> <p>You are ultimately hiring a listing agent to help you sell your house for as much money as possible in an arranged period. They help you with paperwork, talk to interested buyers, and help you live a normal life during the home selling process.</p> <h2>What Is a Selling Agent?</h2> <p>In the world of real estate, a selling agent is a person who mediates a home sale on behalf of the buyer. But there is a confusing catch that many people get stuck on. The buyer’s agent and the selling agent are the same person but called differently in different stages of the home sale.</p> <p><strong>When you hire a real estate agent to help you buy property, you are hiring a buyer’s agent</strong>. They will help you find the right house for you and negotiate the price. <strong>After you sign the contract with the seller, a buyer’s agent will become a selling agent</strong> - because they helped the sale of that property. Do not confuse a selling agent with a seller’s agent (another name for a listing agent).</p> <p>When talking about listing agent vs selling agent, one point can be made. A real estate agent becomes a listing agent from the moment a house is put up for sale. From that moment on, they are working towards selling that particular property. On the other hand, many buyer’s agents can be looking at that property - but just one will become the selling agent of that house.</p> <p>Homes for sale have not been that easy to find in the past few years, as the market has a very limited inventory. Hiring a selling agent eases up the process of home buying, and saves you the legwork, paperwork, and time.</p> <h2>What Do They Do: Listing Agent vs Selling Agent</h2> <p>If the listing agent vs selling agent comparison was about the amount of work they have to do for their respective clients, we can say that they both do plenty of things. Listing agents usually work better hours, because their schedules are not set according to their client’s free time. That is why selling agents often work after 5 pm or on weekends.</p> <p>However, both listing and selling agents have their own responsibilities that make the market flow easily. Their main goal is to sell a house, but both try to make that sale favorable to their clients. When the two goals align the house is sold and both clients are happy. In that case, we are not talking about a listing agent vs selling agent, but rather a listing agent and a selling agent.</p> <h3>Responsibilities of a Listing Agent</h3> <p>In order to know how to choose a real estate agent for selling your property, you need to know what to expect from them and what their responsibilities are. First of all, <strong>a listing agent becomes your representative after you sign a listing agreement</strong> stating that you are giving him the authority to sell your property.</p> <p>After you sign a listing agreement, your agent will start with the <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">comparative market analysis</a>. This is a process of assessing the worth of your property, based on the selling prices of the homes sold near your neighborhood, with similar properties and sizes as yours.</p> <p>This analysis, along with your agent’s knowledge of the market will help you determine the asking price for your property. Their knowledge of the market is important for setting a realistic price because sellers sometimes understandably overprice their homes. If the market is hot and the demand is high, there is a chance that underpricing it could get you more money - that is why you need to talk to your listing agent.</p> <p>After <a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work">the appraisal</a>, you might need to do some inspections and/or get disclosure forms. A good listing agent should help you get that done as soon as possible, in addition to helping you contact experienced contractors for eventual updates or renovations. Usually, a listing agent will advise you to update your front porch and landscape, as that is what attracts many potential buyers.</p> <p><img alt="For Sale Listing Agent Sign" class="img-fluid" src="https://sleeveuphomes.com/img/for-sale-listing-agent-sign.jpg" /></p> <p>The comparison of listing agent vs selling agent can be shown through the situation of staging a house. What we mean by this is that <strong>a listing agent either helps their clients stage a home or hires a professional stager</strong>. In this process, a home is getting depersonalized and transformed into a blank page for buyers to envision themselves in.</p> <p>On the other hand, a selling agent needs to personalize a staged home for their client, so they could see their lives in that particular house. Additionally, a listing agent is in charge of the complete marketing process of that house - from the photos to 3D tours.</p> <p>They work with professional photographers and videographers, to achieve the best possible shots, as many people go house touring online. Your listing agent presents the offer to selling agents or the sellers, navigates the bidding war process, and when they get you to sign the papers - they usually suggest an escrow company for the sale closing.</p> <h3>Responsibilities of a Selling Agent</h3> <p>The confusion around the listing agent vs selling agent is easily explained when we understand that both of their goals are to sell a property. A listing agent needs to sell that one specific property, but a selling agent, otherwise known as a buyer’s agent, needs to sell a house that fits the needs of their clients.</p> <p>That is why the first step when hiring a selling agent is to set the main criteria - the budget, the location, and the properties of the house that are important to you. Additionally, you will need to talk about compromises, for example, if there were a right home in the neighborhood, but it is a little over your price range - would you agree to those conditions?</p> <p>A buyer’s agent has to understand the uniqueness of each client in order to be good at their job. Only by understanding them can they find the perfect house, and help them imagine themselves living in that house. That is why <strong>open houses and house tours are a big part of a selling agent’s job</strong>.</p> <p>This agent needs to know the local market like the palm of their hand because they will help you submit an offer. They need to be informed about the assessed value, the demand in that particular area, and the additional benefits you could offer in order to get the house. <strong>Helping you set the offer is probably the most important part of a selling agent’s job</strong>.</p> <p>After you submit an offer, a buyer’s agent should negotiate the deal on your behalf. And even though they are not obligated, a good agent will help you with their contacts of people from the industry - contractors, mortgage lenders and brokers, and title companies, throughout the process.</p> <h2>What Is Dual Agency?</h2> <p>A dual agency is a practice of one agent (or an agency) representing both the buyer and seller at the same time. Here we are not talking about a listing agent vs selling agent, but one person who does both jobs on behalf of both clients. This practice is frowned upon, and in eight states even illegal. Namely, in:</p> <ul> <li>Alaska</li> <li>Colorado</li> <li>Florida</li> <li>Kansas</li> <li>Oklahoma</li> <li>Texas</li> <li>Vermont</li> <li>Wyoming</li> </ul> <p>This is because of the possible, if not inevitable, favor that an agent could show towards one of their clients. In an ideal situation, an agent will disclose to the buyer that they are representing a seller, and clients can decide whether or not they want to work with them. This often does not happen, so people do not even know the situation they get in.</p> <p>The conflict of interest that happens in this situation can be clearly visible in the situation where a seller has some issues with the house that he would not like to disclose. An agent is morally obligated to keep that a secret from the buyer, even though they are representing them both.</p> <p>This situation is sometimes hard to avoid, especially in smaller areas where there are not a lot of real estate agencies, or when one big real estate company holds the monopoly over the market.</p> <h2>Real Estate Fees: Listing Agent Vs Selling Agent</h2> <p><strong>Real estate commission is around 6% of the home price and is usually paid by the property seller</strong> upon the deal signing. On the other hand, a buyer is paying a commission only if a selling agent finds a ‘’<a href="https://sleeveuphomes.com/how-to-sell-your-own-home">For Sale By Owner</a>’’ home.</p> <p>If both parties hired an agent, then the listing agent vs selling agent come together and share that 6%. If you hire an experienced listing agent, they may be able to find a buyer who did not hire a selling agent - that way they get to keep all 6% for themselves.</p> <h2>Can I Go Without a Real Estate Agent?</h2> <p>If you do not want to have a mediator during your home selling process, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We remove complicated barriers and buy your home directly from you. You’ll be paid top dollar and won’t have to pay a realtor commission. You can request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and check out what we could do for you.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/closing-disclosure" }, "headline": "Explaining the Closing Disclosure", "description": "Did you know that closing disclosure is one of the most important documents in the homebuying process? Learn more about it in this comprehensive article.", "image": "https://sleeveuphomes.com/files/blog/cf6a98ff-15b2-489a-aa18-54d2410543f8_couple-in-new-home.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-23", "dateModified": "2022-06-23" } </script> <p>A closing disclosure is a document that your lender gives you as a final step toward buying a house or refinancing. This five-page form acts as a checking point, so you can make sure that everything is correct and in line with previous agreements.</p> <p>Revisiting the details is very important because it eliminates the chances for human error or manipulation. Imagine how frustrating could it be if you had to postpone house-buying just because someone had made a spelling mistake, or written a wrong address.</p> <p>If you’ve ever gone through a loan buying process you know about the pile of paperwork needed. Nevertheless, a closing disclosure might be the single most important document of all, that you’ll receive before signing a closing agreement.</p> <p>Knowing how much confusing and, to be honest, boring real estate transactions can be, we made this article to inform you about ins and outs of the closing agreement.</p> <h2>What Is a Closing Disclosure?</h2> <p>A closing disclosure is a five-page form containing the details of your loan, delivered to you three days before the closing day. By receiving it you are starting the closing process, and it is important that you take this part seriously, because everything that says on those five pages makes or breaks the next several years of your life.</p> <p>Sit down with your real estate agent to comb through the information written in the form and check for minor misspellings on every page. Since it is the last step before closing, the closing disclosure includes all expenses and added homebuying costs - including real estate taxes, third-party service providers’ fees, and property taxes.</p> <h3>What Is the Three-Day Rule?</h3> <p>The three-day rule in real estate refers to the time frame in which the lender is obligated to deliver the closing agreement to you. According to state-wide guidelines for borrower protection, a lender is lawfully obligated to grant you access to a copy of the closing disclosure at least three business days before the closing day. This leaves you enough time to examine the details and contact your lender for additional information.</p> <p>Closing disclosures were not a common practice 10 years ago. In fact, most borrowers saw the detailed information about their loan in one place on the day of the closing.</p> <p>Stressful as it is, this day is not for additional questions and second-guessing, not to mention that many mistakes could be overlooked because of the anxiety.</p> <p>A closing disclosure grants you plenty of time to question everything and make sure that you do it right.</p> <h2>The Difference between Loan Estimate and Closing Disclosure</h2> <p>When you get your closing disclosure, the first thing you need to do is grab your loan estimate. A loan estimate is essentially an early version of a closing disclosure. It is a three-page form, and it is delivered to you three business days after you get approved for a mortgage.</p> <p>The loan estimate and closing disclosure should contain the same digits, and if you notice any strange differences - higher mortgage rate, added closing costs, etc. - contact your lender or selling agent immediately.</p> <p>A loan estimate is, in a way, an outline that can change in the process. Closing disclosure, however, is practically unbreakable once you sign them, except in extenuating circumstances.</p> <h2>First Page of the Closing Disclosure</h2> <p>We decided that the best way to explain the definition and use of a closing disclosure is to go through it, page by page. This way you’ll note what to pay attention to and where you can expect potential mistakes.</p> <p><img alt="Signing of closing disclosure" class="img-fluid" src="https://sleeveuphomes.com/img/closing-disclosure-signing.jpg" /></p> <p>The first page of the disclosure statement includes basic information about three main actors in the real estate transaction - borrower(buyer), seller, and lender. General loan information is also included, so you immediately know the term, purpose (buying or refinancing), as well as the loan type you are buying.</p> <p>After the details about the closing day, there are three sections detailing the loan repayment. The <em>Loan terms</em> section includes the exact amount of money that you borrowed, an interest rate, and a monthly principal with interest. It also answers the question about balloon payments and prepayment penalties.</p> <p><em>Projected payments</em> clause is about the monthly payments calculation with additional costs, such as mortgage insurance, escrow details, and estimated taxes and assessments. This section will tell you how much money you’ll be paying each month.</p> <p>The section about costs at closing discloses your financial obligations for the closing day, but each item is detailed on pages to come. When checking the first page, pay close attention to the interest rate and balloon payments. Make sure there are no discrepancies.</p> <h2>Second Page of the Closing Disclosure</h2> <p>Moving on, the second page is all about the precise report on each and every cost. Origination charges, taxes, prepaids, and title services are just some of the many expenses that are revealed in this document.</p> <p>This page also tells you about real estate commissions, home inspection fees, and some government fees besides taxes. This is the page with many digits, and it may seem unimportant because most of those numbers are in double digits. Nevertheless, be patient when checking for mistakes, those double-digit mistakes can add up to a significant sum.</p> <h2>Third Page of the Closing Disclosure</h2> <p>The information about the real estate transaction at closing can be found on the third page of the disclosure. First, the Cash to Close section is a table for comparison between the final version and the loan estimate. You should already know beforehand and agree to new terms if there are any.</p> <p>Right under this table is the clause representing the summary of all transactions happening at closing. You will be able to read what you (the borrower) are due, and what is paid on behalf of you (by the lender).</p> <p>The seller’s financial obligations will be disclosed, including their previous loan, their closing costs, and taxes. You will be able to know exactly what the seller is making from this transaction.</p> <h2>Fourth Page of the Closing Disclosure</h2> <p>Lenders will disclose the obligations, the rights, and the limitations in connection with the property and the loan. This is all clarified on the fourth page of the closing disclosure.</p> <p>The lender will write an assumption, a potential situation you might find yourself in, and write down actions you should follow in those cases. This will answer the questions such as:</p> <ul> <li>What will happen with the loan if I transfer the property to another person?</li> <li>Does my loan have a demand feature, which permits the lender to ask for balloon payments?</li> <li>What will happen if I don’t pay the monthly installment?</li> </ul> <p>This is the part where you can establish how much you’ll be paying on escrows and whether or not those costs change over time. You can decline to have an escrow, but you would have to pay taxes and other additional expenses directly in yearly installments.</p> <h2>Fifth Page of the Closing Disclosure</h2> <p>You can find final loan calculations and contact information on the last page of this document. Your lender might decide to fit other disclosures, such as tax deductions, potential partial payment, appraisal copies, and explanation about foreclosure.</p> <p>Contact information should be without any mistakes because one letter can delay the whole process. Make sure that you have your real estate agent check the document before signing.</p> <h2>Can Your Loan Be Denied after Issuing a Closing Disclosure?</h2> <p>If everything you stated and submitted as proof of your financial situation is legit and true - your loan will not be denied after issuing a closing disclosure. If, however, you meddled in shady business, tampered with the proof of income, or even drastically changed your job during the process - there is a chance that the lender will deny your application.</p> <p>That is why it is recommended not to change jobs or anything in your life that could affect your FICO credit scores and DTI ratio. Lenders like to see that you have a stable life with a stable income.</p> <h2>Do Sellers Recieve a Closing Disclosure?</h2> <p>To comply with the regulations, both buyer and seller need to receive a closing disclosure in most real estate transactions. However, if you were to sell the property to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>, many closing costs will be reduced, if not eliminated. Plus, we offer top dollar for your property.</p> <p>No need to go through the stressful work of revamping your property in order to sell it, when we offer at least $10,000 more than others - today. Don’t believe us? <a href="https://sleeveuphomes.com/request-offer">Request an offer</a> right now and see it for yourself.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/grant-deed" }, "headline": "The Role of Grant Deed in Real Estate", "description": "What do you know about title transfer deeds? There are different types of deeds in real estate, we’ll explain some of them and focus on the grant deed.", "image": "https://sleeveuphomes.com/files/blog/9be44f07-d6d4-4ad1-a06b-f7119d92f6bf_grant-deed-signing.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-07-01", "dateModified": "2022-07-01" } </script> <p>Buying and selling a house requires a lot of documentation, paperwork, and different warranties that protect either or both parties involved. Several types of deeds can be included, but today we are going to focus on grant deeds.</p> <p>A grant deed is a legal document that takes care of property transfer by guarding the safety of the buyer or the grantee. The seller is signing a grant deed as a way to show that there are no problems with the property title.</p> <p>In this article, we’ll go in-depth about grant deeds, what they include, when to use them, and how they differ from other deeds.</p> <h2>What is a Grant Deed?</h2> <p>A <strong>grant deed presents a legal guarantee for the buyer of the real property that the title is without any potential liabilities</strong> that might get transferred to their name. This document promises that the property hasn’t already been transferred or sold to another buyer, and that there haven’t been any issues with the title, as far as the seller knows.</p> <p>Those issues can include things like another person with full or part-ownership, property claim issues, liens and loans against the property, tax liens, etc. Therefore, a grant deed guarantees none of these issues came up upon title search.</p> <p>Essentially, a grant deed is a document that proves a title transfer, while giving a level of protection to the buyer, and removing the future liability of the seller. Once the grant deed is signed, and issues with the title somehow do pop up - it is entirely up to the new owner to deal with that problem.</p> <p>The grant deed recognizes two different actors in the real estate transaction of a title. <strong>A seller or a current owner is called a grantor, while the buyer or the future owner is called a grantee</strong>. If the real property has multiple owners, all of them need to sign the grant deed for it to be valid during a property purchase.</p> <h2>When Are Grant Deeds Used?</h2> <p>Deeds in general are used as proof of title transfer, but not every title deed is the same. Grant deeds, as explained, offer one layer of protection during the sale. If any future issues arise, the new owner has to resolve them.</p> <p>This is why they are <strong>mostly used when purchasing a property in a tax sale or foreclosure auction</strong>. A buyer has a chance of avoiding the cost of a purchase agreement and there is a big chance that the current owner had to resolve title issues beforehand, anyhow.</p> <p>However, it is important to note that some other types of dees offer more legal layers of protection in case a problem with the title arises.</p> <h2>What Does a Grant Deed Include?</h2> <p>For a grant deed to be binding, it needs to exist in a physical form. Grant deeds, like other deeds, include grantor(s) and grantee’s personal information, date of sale, legal description of the real property, and notary public acknowledgment. In addition to that, there needs to be a grant deed warranty statement.</p> <p>A warranty statement in a grant deed can be an explicit statement, as such “The Grantor warrants that the property is free and clear from all liens and encumbrances…” On the other hand, some states take the grant deed form in and of itself as a warranty statement.</p> <p>Each state has its own requirements when it comes to a grant deed form, and not all of them obligate you to hire a notary. Nevertheless, it is <strong>always advisable to use a legal witness in the matter of a grant deed</strong>, because even though it is not obligated by state law, you might have trouble with it in the future.</p> <h2>Grant Deed Vs. Warranty Deed</h2> <p>A grant deed is a good way to secure the title transaction, however, there are safer ways to do it. Warranty deeds are the ultimate layer of protection for the buyer. They guarantee the current owner’s responsibility to the title even when the sale is done, meaning - if any issues from before the transfer arise, the grantors will be liable.</p> <p>There are two types of warranty deeds, which differ slightly from one another. There is a <strong>general warranty that guarantees that there are no title issues with the property whatsoever</strong>. Meaning that there is a clear path of title transitions since the house was originally built.</p> <p><img alt="Real estate agent showing the place to sign a contract" class="img-fluid" src="https://sleeveuphomes.com/img/closing-disclosure-signing.jpg" /></p> <p>On the other hand, a <strong>special warranty deed is a guarantee that the seller has no knowledge of any title issues, tax liens, or other ownership problems since he/she became an owner</strong>. They are accepting the responsibility for the problems if they originated during that timeframe.</p> <p>A general warranty is the best way to protect yourself as a buyer, but if the property is old or has multiple owners, a seller will not be quick to sign it. A special warranty is a compromise between a grant deed and a general warranty.</p> <p>A <a href="https://eforms.com/download/2016/05/General-Warranty-Deed-Form.pdf" rel="nofollow">warranty deed form</a> has all the general information of a deed, with an addition of a general or special warranty statement. The warranty deed form should also be notarized and signed by a witness.</p> <h2>Grant Deed Vs. Quitclaim Deed</h2> <p>If we were to measure the level of protection that a grant deed offers against a quitclaim deed - grant deed would win. Quitclaim deeds are a basic title transaction proof, that <strong>guarantees nothing but the mere transaction</strong>.</p> <p>Because these types of deeds are so loose with the liability, they are usually used only in interfamily title transactions. When a father wants to give a family house to his child, they will sign a quitclaim deed. Additionally, they are used in wills and testaments.</p> <p>Quitclaim deeds leave the new owner with the property, title, and everything that is attached to it. There could be liens, unpaid taxes, or other family members with a part-ownership. None of those issues are disclaimed on the quitclaim deed.</p> <h2>Other Types of Deeds</h2> <p>There are deeds in real estate in connection to the title transfer but different from these standard deeds which we have already explained in this article. Such documents have their intricate roles in buying, selling, refinancing, and other real estate transactions, and it can be confusing to differentiate them.</p> <p>While a grant deed offers a guarantee that the title of the real property is clean, these next types of deeds are documents that put a title in some kind of clinging situation.</p> <p>A <a href="https://sleeveuphomes.com/what-is-deed-of-trust">deed of trust</a> is a title transfer document and concept that uses a third party as a guarantee for the home purchase. A <strong>deed of trust does not assure protection to the buyer, but to the seller</strong> and his assets.</p> <p>Using a deed of trust, a borrower (buyer) is agreeing to put the legal title in trust of the impartial third party until they pay off a loan. This document, thereby, grants the new owner just the equitable title, which allows them to occupy the property and earn equity on it, rather than being a legal owner.</p> <p>A <strong>mortgage deed is a deed of trust alternative</strong>, which is conducted between a lender and a borrower. The only difference between the two is visible only if it comes to starting a foreclosure process. A deed of trust puts the responsibility of foreclosure in the hands of an impartial third party, whereas the mortgage deed puts it in the hands of the lender.</p> <p>A <strong>deed in lieu of foreclosure </strong>is a legal document that struggling homeowners use when all other options are exhausted and the foreclosure awaits. Instead of entering the foreclosure process, they <strong>sign off their title ownership in favor of their lender</strong>. By losing their right to the property, they are relieved from their debt and don’t have to go through foreclosure. Meanwhile, the lender doesn’t have to lose money in the process.</p> <h2>Grant Deed in California</h2> <p>Grant deed in California must meet all California laws, including a legal description and a statement of consideration, but it does not include a written warranty, as it is implied that the document itself is a warranty.</p> <p>The warranty of title provided in California is the same as in other states, as it is legal protection for the buyer just until the purchase is done.</p> <p>The document is binding in California even if it is not notarized, but it is advised to notarize and record every grant deed you cosign, as to avoid potential issues. Take your document to your county recorder, and have it in public records, just in case.</p> <h2>Is Grant Deed Unfavorable for the Seller?</h2> <p>Grant deeds are less risky for the seller than the warranty deed, but they still present liability in case something comes up upon title search. Grant deed’s biggest disadvantage against the seller is the fact that it’s usually used when the buyer can acquire the property by paying it much less than the market value.</p> <p>That’s why we recommend contacting SleeveUp Homes before you get to the point of no return. If you are going to lose the ownership anyway, might as well earn a good buck off of it.</p> <p>We offer at least 10,000 more than others would, and we do it for the property as-is. Do you know what this means? No need to paint, repair, or spend any money on reparations. Request an offer and see it for yourself.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/organization-ideas-for-a-sleek-home" }, "headline": "Ultimate List of Organization Ideas for a Sleek Home", "description": "With our comprehensive list of organization ideas your home will be tidy in no time. An organized space is crucial for a happy and healthy household.", "image": "https://sleeveuphomes.com/files/blog/b61de06b-92c4-40fe-b399-315d00b2e557_stylishly-organized-living-room.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-30", "dateModified": "2022-06-30" } </script> <p>Every household comes to a certain point when every cabinet is jammed, the fridge is full of out-of-date food, and reaching for the drawers is like going to Alice's wonderland. Living space is a very important factor for a person's well-being, and to have an organized and calm mind - you need some home organization ideas to create a mind-nurturing space.</p> <p>That's when we come into plan, with our comprehensive list of tips for an organized space. Following our list is guaranteeing two important things. First, it will tidy up a messy space. And second, even more important, it will help you create organizational habits, which will keep your place tidy in the long run.</p> <p>Organization habits are a key to a tidy house and a functional household. Without further ado, here is our list of 20-ish organization ideas for your house.</p> <h2>Kitchen Organization Ideas</h2> <p><img alt="young-woman-organizing-kitchen" class="img-fluid" src="https://sleeveuphomes.com/img/young-woman-organizing-kitchen.jpg" /></p> <p>Most households have more dishes, utensils, and pottery than they actually need, and complaining about the lack of kitchen cabinets seems to be a universal problem. Correct us if we are wrong, but it seems like people with big kitchens complain about this issue as much as people with tiny kitchens.</p> <p>No wonder decluttering is the first step of any organizing process. Take out everything one cabinet and drawer at a time, and throw away or donate anything you don’t use.</p> <p>You bought some spices to try out and no one in the family likes the taste? Get rid of it! You got a set of plates for your birthday, but there are so many plates that you don’t reach out for those particular ones? Regift it or donate!</p> <p>After you have decluttered, it’s time for some shopping or DIY-ing. Get drawer organizers, to make the most of your drawer space.</p> <p><em>Utensil</em> separators are a great way to create order in the drawer, but make sure that you use every inch of that space. You can find adjustable separators, or you can cut pieces of wood to fit perfectly.</p> <p>Spice drawer organizers are irreplaceable organizational tools for people who like to cook and don’t like the bland taste. You can make or buy spice stairs, which will make your spices easily accessible and visible. You can go one step further and buy identical jars with different labels - for full organizational satisfaction.</p> <p>Lazy Susan, a famous problem solver, is a great organization idea for your kitchen cabinets and corners. It’s a rotating organizational tool that makes your life easier. You can even make it yourself, but they are affordable and you can find them in plenty of sizes.</p> <h2>Organized Fridge for Healthy Nutrition</h2> <p>Most standard fridges offer plenty of vertical space and the key is to use that space properly. How many times did you have to throw away expired groceries, just because you stuck them in the back and forgot you have them?</p> <p>Having an organized fridge can help you with meal planning, healthy eating, and motivate you to prepare your own food. That’s not to say that there can’t be a snack or ice cream storage, but that’s up to you!</p> <p>Take measurements of your fridge and make the most of it by putting see-through drawers instead of shelves. You can use shelves for stackable or steep can racks, as they don’t allow for anything to stay behind and be forgotten.</p> <p>See-through containers are the best way to utilize fridge space while having complete visibility of all groceries in them. Create zones of produce and you can even label them. For example, the green zone would be where you stack your green vegetables, and the fun zone would be for snacks, popsicle sticks, or other not-as-healthy, but fun options.</p> <h2>Beauty Supply Organizers</h2> <p>There is a trend going around of people with a lot of makeup and skin care products hiring a professional organizer because the idea of them doing it alone was overwhelming. There are many reasons that these products pile up. Their expiration dates are long, there is always something new and exciting to try, and many of them are just easily interchangeable.</p> <p>And you know a skincare session isn’t as satisfying if there is chaos on the counter around you. For a tidy space in your beauty room, you need a small plastic vanity, a 360-makeup organizer, and a drawer or a shelf with plastic see-through containers. Labeling is optional, but always helpful.</p> <p>If you want to invest in a professional beauty station, you need a tall vertical sideboard with many drawers, a big mirror with lights, and a plastic vanity for showcasing your most beloved products. A nice big vase can serve as a storage space for your hair straighteners, curlers, epilators, and other beauty tech aids.</p> <h2>Junk Drawer Organization</h2> <p>That one junk drawer is like a Chamber of Secrets, you have no idea what hides underneath the old chargers, calculators, and batteries. A junk drawer can be a useful storage space for miscellaneous items if done right.</p> <p>Take a cardboard bottle divider and tailor it to fill out the whole drawer space. You can cut them and make bigger holes for stuff that take up more space. Otherwise, small compartments will fit miscellaneous cables, batteries, and other things that get trapped in the chaotic drawer.</p> <h2>Pantry Transformation</h2> <p><img alt="organizied-pantry" class="img-fluid" src="https://sleeveuphomes.com/img/organizied-pantry.jpg" /></p> <p>A pantry full of shelves is an amazing thing to have if you know how to utilize that vertical space. Stacking items onto the shelves isn’t sustainable and will, in time, lead to chaos. Labeled storage bins are a great organizational idea that will transform your pantry.</p> <p>You can make a project out of cleaning up and organizing your tiny pantry space. Take everything out for the decluttering part of the job. Put fresh paint on the walls - white paint is the best as it can create an illusion of more space.</p> <p>Fill the storage bins and containers with the produce, spices, and other kitchen necessities. Categorize them by groups and label the bins. That way you’ll always know in what area of the pantry to search for the thing you need, and you find it much easier.</p> <h2>Closet Space Optimization</h2> <p><img alt="young-woman-oranizing-closet-wardrobe" class="img-fluid" src="https://sleeveuphomes.com/img/young-woman-oranizing-closet-wardrobe.jpg" /></p> <p>Do you ever get the feeling that every time you collect the motivation to clean out your closet, it is somehow messy after two days? How can you create an organized closet if you have a lot of clothes?</p> <p>If you have a lot of clothes that go on racks, but not enough space for hangers, here is a neat organizational idea: take a medium-long chain and use vertical space of the closet by hanging three hangers in place of one.</p> <p>If your room has enough space, it might be a good idea to choose the essential clothing items and put them on a rack in the corner of the room. That way, the things that you most frequently wear will be right there, and you’ll visit the closet more rarely.</p> <p>For when you do reach for the items in the closet, it would be better if you had a system put in place. For example, color-coordinated closets are great for those who have a colorful wardrobe. Otherwise, you might want to look into style coordination. If the majority of your closet is dark-colored, rather than organizing it by color, organize it by style.</p> <p>Another way to organize and tidy up your wardrobe is to learn how to optimize folding. There are many techniques for folding different clothing pieces and knowing how to use them might save you the trouble of messy underwear drawers.</p> <h2>Cleaning Supply Organization Tricks</h2> <p>Cleaning supplies should be close enough that you can reach them daily but hidden enough so little kids can’t get ahold of the dangerous chemicals. We recommend finding a narrow but unused space, such as the space between the washing machine and the wall, and creating a pull-out shelf for cleaning supplies.</p> <p>Allocate a place underneath the sink for the cleaning supplies. Use plastic containers and bins to organize the supplies by their use.</p> <h2>Have You Overgrown Your Living Space?</h2> <p>There is a chance that none of this advice can help you. You bought a home when there were just the two of you and your family grew since then. The next logical step is to buy a new place. If you feel unmotivated to sell your house because you don’t want to go through the hassle of the process - <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> has a solution for you.</p> <p>We will buy your house and pay top dollar for it. No need to organize, hire repairs, or even put a fresh pain on - we are ready to buy it as-is. Guaranteed $10 thousand more, but don’t take our word - <a href="https://sleeveuphomes.com/request-offer">request an offer</a> and see it for yourself.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/downsizing-home-checklist" }, "headline": "Downsizing Home Checklist", "description": "Are you planning to sell your house and move to a smaller one? In this article, you will find tips and a downsizing home checklist to simplify this process.", "image": "https://sleeveuphomes.com/files/blog/779195a3-2c5f-464f-b3c5-14c11193813f_woman-preparing-to-do-list-at-home.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-07-14", "dateModified": "2022-07-14" } </script> <p>Are you planning to move to a smaller space, but you are not sure how to achieve your goal efficiently and quickly? Don't worry, we have solutions for you! We understand how stressful moving is, how much effort it takes to move all the essentials to a new house, and dealing with memories you might not want to get rid of.</p> <p>Planning a move from a larger to a smaller house is becoming more common, and the reasons can be numerous. Whether you want to save money, escape from the city to the suburbs, or like minimalism, there is a solution for you. The most important thing is to make a good plan.</p> <p>By reading this article, you will familiarize yourself with the advantages of moving to a smaller space, the most important steps you should take when moving, as well as get a downsizing home checklist that will speed up the entire process.</p> <p>This is the table of contents we will cover:</p> <ul> <li><strong>What are the advantages of moving to a smaller place?</strong></li> <li><strong>What are the steps of downsizing your home?</strong></li> <li><strong>A downsizing home checklist</strong></li> </ul> <h2>What Are the Advantages of Moving to a Smaller Place?</h2> <p><img alt="Man Walking Down Stairs In Mouse Moving Out" class="img-fluid" src="https://sleeveuphomes.com/img/man-walking-down-stairs-in-house-moving-out.jpg" /></p> <p>Moving to a smaller space can bring you more value in the long run. You can save money because you will have lower expenses on a monthly basis, it will be easier to dispose of the things you own in the house, and you will live more uniquely and comfortably than before.</p> <p>We'll list the top 3 benefits of downsizing your home:</p> <ol> <li><strong>You will save money</strong> - the savings mostly refer to lower monthly property costs, maintenance, utility costs, and lower mortgages. You can sell surplus furniture and unnecessary things and thus earn extra money;</li> <li><strong>Save time and energy for maintaining the space</strong> - You will invest much less time and effort in maintaining and cleaning the space, and the time you previously invested in work will now be able to be used for fun. You will be less burdened and more flexible;</li> <li><strong>You will use the space wisely</strong> - We assume that you are attached to certain things that represent your memories, and there are certainly a lot of them. Some you will keep, and some you will get rid of because you never use them. Reducing the number of unnecessary things will make your life simpler and much more pleasant.</li> </ol> <p>Regardless of whether you want to save money and reduce your space maintenance obligations, you will definitely benefit from downsizing your home, and you will find out how to move efficiently and quickly in the next chapter. We will present you with a downsizing home checklist that will shorten all your troubles.</p> <h2>What Are the Steps for Downsizing Your Home?</h2> <p>Maybe it's high time to get rid of furniture that represents excess in your house, kitchen elements that take up too much space, or certain corners of the house that are constantly empty and just collecting dust.</p> <p>A smart solution is a smaller space that will have just enough things that you really need in your everyday life. Here are the steps to downsize your house and move into a smaller space as soon as possible.</p> <p>The most important thing is to be completely rational when you start moving and removing things. The process would go like this:</p> <h3>Step 1 - Determine Your Needs and Goals</h3> <p>The first thing when you start the moving process is to set a goal, what things to keep and what to throw away, how you want your future space to look, whether you need help with the move, etc. along the way while determining functional, valuable goals.</p> <p>Plan ahead and long-term to know what steps to take now. For example, determine exactly how much time and money you need and whether you will be able to hold gatherings for more people in the future.</p> <p>Perhaps the most important thing of all is dealing with your own psyche, that is, questioning your future feelings when you make changes and <a href="https://sleeveuphomes.com/how-to-deal-with-moving-anxiety">move to a new house</a>. Estimate your budget well so that you don't have any surprises about the costs - in other words, start preparing early to avoid any pitfalls.</p> <h3>Step 2 - Choose the Most Favorable Location for You</h3> <p>In addition to the location that offers you what you need, it is also important that you fit into the new environment. You'll want to find new friends to socialize with, generally a community that will meet your emotional needs.</p> <h3>Step 3 - Selling Your Home</h3> <p>Don't let yourself make the cardinal mistake of overestimating the value of your current home. Find out what the true market value of your home is by looking for<a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area"> real estate comps</a>.</p> <p>An incorrectly priced house can sit on the market for a long time and disrupt your moving plans.</p> <p>You also have the option of hiring a real estate agent to help you evaluate and understand the market value.</p> <h2>A Home Downsizing Checklist</h2> <p>And now, we move on to the most important part, which is the downsizing home checklist.</p> <p>In order to complete the relocation process as quickly and efficiently as possible and to get rid of unnecessary things because you are moving to a smaller space, pay attention to these household tips and tricks:</p> <ul> <li><strong>Sort and organize things</strong> – You should sort things by doing one room at a time. For example, a useful tip would be to mark with stickers the things you want to save, give away, or throw away. In order not to make a mistake at any step, you can take photos of things;</li> <li><strong>Pay attention to quality preparation</strong> – this includes changes of address, contracts, and other important documents that need to be done when you move;</li> <li><strong>Determine the dimensions of your new home</strong> – to know if your current furniture can fit into your future space, or if you will need to buy new items, measure the space to know what dimensions you need. This way you will save time (and possibly money);</li> <li><strong>Keep an inventory list</strong> – you can pack things in specially designated boxes. You will do this effectively if you keep an inventory of exactly what each box contains and in which room those things belong;</li> <li><strong>Properly dispose of unnecessary things</strong> – you can divide the things you no longer want to use into three categories. You can give one category to loved ones, the other you can donate to charities, and the third part you can dispose of in the garbage or recycle;</li> <li><strong>Put things in an offsite storage space</strong> – You may have items that you aren’t sure about keeping or discarding. One option is to rent a storage container until you figure things out. Just make sure you do it within a month or two - otherwise you are wasting money and causing unnecessary clutter. If you didn’t need to use an item in two months, chances are you don’t need it at all;</li> <li><strong>Sell ​​unnecessary things</strong> – by selling things you no longer need, you can get money to cover extra expenses;</li> <li><strong>Donate the things you don't sell</strong> – If you are donating to family or friends, give them a deadline to collect their items. Also, you can donate to organizations that work with people who need help, like homeless shelters;</li> <li><strong>Throw away unnecessary things</strong> – you can rent a garbage container, or take the garbage to the landfill yourself. Don't forget, you will also be able to recycle something. Take care not to throw toxic items and chemicals in the landfill because it is against the law;</li> <li><strong>Ask a friend or professional for help</strong> – this could be family or friends when moving out, moving in, and tidying up, and professional help such as a real estate professional when selling a house. Also, there are companies that offer home downsizing services, especially packaging services and recycling trucks for transportation.</li> </ul> <p>The most important thing is to start from the bigger things and work your way to the smaller ones. Follow the hierarchy because being organized when moving out is essential. We know that this entire process seems exhausting, but if you follow this home downsizing checklist, you will make your move much easier.</p> <h2>Are You Ready to Move Out and Apply the Downsizing Checklist?</h2> <p>If you have decided to sell your house and move into a smaller space, it is important how you arrange all the things in the new space. You’ve learned how to save certain things, which things you should put away or throw away, and how you can even make some extra money.</p> <p>Emotions and memories play a major role, but this downsizing home checklist will help you make smart decisions and achieve significant results. If you further want to minimize the stress of the move and sell your house for top dollar without holding open houses, negotiating the price, or dealing with realtors, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>.</p> <p>We will buy your house as-is for the highest price possible and you can close in 7 days. And because we don’t work with realtors, you won’t be paying any agent commissions. But there’s no rush - <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a> to see how much you can make and get back to us once you’ve made up your mind.</p>
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            • short_descriptionAre you planning to sell your house and move to a smaller one? In this article you will find tips and a downsizing home checklist to simplify this process.
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            • titleHow Does an Assumable Mortgage Work?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-does-an-assumable-mortgage-work" }, "headline": "How Does an Assumable Mortgage Work?", "description": "Assumable mortgage may benefit you, whether you’re a seller or a buyer. However, they also come with disadvantages. Discover more about this option here.", "image": "https://sleeveuphomes.com/files/blog/c9f1fe6f-4391-4704-af03-c80923b25337_real-estate-concept-customer-signing-agreement.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-07-28", "dateModified": "2022-07-28" } </script> <p>There are many ways for home buyers to purchase their new homes and for sellers to sell theirs. Among various types of mortgages that offer specific benefits, <strong>an assumable mortgage may be a worthwhile option</strong> for some buyers and sellers because they often come with lower interest rates and can be sold quickly.</p> <p>However, they also come with some disadvantages. Keep on reading to discover more about this alternative, how it works, and whether it’s something that may benefit you.</p> <h2>What Is An Assumable Mortgage?</h2> <p><strong>An assumable mortgage enables a buyer to assume the seller’s mortgage</strong>. Once the assumption is complete, the buyer takes over the payments every month, and you are released from further liability. If someone assumes your mortgage, they are effectively taking over the mortgage from you.</p> <p>Assumable mortgages are common when the terms available to a buyer aren’t as favorable as those previously given to the seller. Assumable mortgages also factor into divorce scenarios, for example, when the spouse who gets the home is on the title but not initially on the loan.</p> <h2>How an Assumable Mortgage Works</h2> <p>An assumable mortgage works similarly to a traditional one. However,<strong> the buyer is limited to financing through the seller’s lender</strong>, and lenders need to approve an assumable mortgage. If you’re the seller, you risk having to pay the remaining balance upfront if entered informally. You also risk buyers missing payments, negatively affecting your credit score.</p> <p>An appraisal isn’t required in these instances, and this can save buyers hundreds of dollars. However, buyers should still order a home inspection to see whether there are any repair issues with the house. Once the buyer closes on the property, you will no longer be liable for the mortgage payments.</p> <h2>Which Mortgages Are Assumable?</h2> <p>Loans backed by the Department of Veterans Affairs or United States Department of Agriculture or insured by the Federal Housing Administration are assumable if specific requirements are fulfilled. When it comes to VA and FHA loans, you, as a seller, must get lender approval for an assumable mortgage. Note that conventional mortgages typically aren’t assumable, except in some cases.</p> <h3>FHA Loans</h3> <p><strong>FHA loans require that both seller and buyer meet specific criteria</strong> for an assumable mortgage. The seller must live in the house as a primary residence for a specified amount of time. On the other hand, buyers must go through the standard application process for an FHA loan.</p> <p>Fortunately for buyers, FHA loans require a smaller down payment of 3.5%, making it a more affordable option for first-time home buyers. Also, FHA mortgages require credit scores of above 580 to apply, making them more accessible to buyers with a less than perfect credit history.</p> <h3>VA Loans</h3> <p>VA loans are available to eligible military members, service members, and their spouses. A buyer who isn’t a service or military member can apply for a VA loan assumption. The lender may need to have the loan approved by the Regional VA Loan Center, depending on how the loan was set up. And this may take additional time to process paperwork.</p> <p>Rarely, a buyer may find a freely assumable loan that applies to any VA loan closed on or before March 1st, 1988. Sellers that fall in this category don’t have to get lender approval. However, they may still be liable for making payments if a buyer doesn’t pay their mortgage timely. Note that mortgages originated in the late 1980s tend to have higher interest rates, so buyers may want to think twice before taking over these loans.</p> <h3>Conventional Loans</h3> <p>In most cases, conventional loans aren’t assumable because the mortgage contract contains a due-on-sale clause. This enables the lender to demand that buyer pays the remaining loan amount as soon as the property is sold.</p> <p>However, if you have a conventional adjustable-rate mortgage (ARM) and meet specific financial qualifications, your mortgage may be eligible for an assumption. Fannie Mae allows for assumable ARMs as long as the borrower doesn’t try to convert the loan to a fixed-rate mortgage.</p> <h3>USDA Loans</h3> <p>USDA loans are assumable with new rates and terms. This transfers responsibility for the mortgage debt to the buyer. It also adjusts the debt by re-amortizing it with new terms and rates.</p> <p>However, USDA loans may be assumable also with the same rates and terms. This is available only in specific circumstances - the assumption is typically reserved only for family members exchanging the title of a property. In this case, the rates and terms of the original mortgage remain unchanged, and no appraisal of the property nor review of the buyer’s creditworthiness is required.</p> <h2>Why Do Sellers Offer Assumable Mortgages?</h2> <p>In an environment of rising interest rates, sellers offer <strong>assumable mortgages as an incentive</strong> to prospective buyers because home sales slow with rising interest rates. That said, if you can offer a mortgage at a lower interest rate to buyers, the savings could be considerable and cost you nothing.</p> <h2>Qualifying For An Assumable Mortgage Loan</h2> <p>Lenders will check a buyer’s <strong>credit score and debt-to-income (DTI) ratio</strong> to meet loan requirements. In addition, income information, employment history, and asset verification for a down payment may be required to process the loan.</p> <p>Buyers should speak with a qualified mortgage professional regarding specific documents required to qualify for an assumable loan. While it’s up to the seller’s lender or agency to approve this loan, finding the right lender can give buyers peace of mind</p> <h2>How Much Does It Cost To Assume a Mortgage?</h2> <p>Buyers may need to bring a substantial amount of money toward closing costs or take out a second home loan. A considerable drawback is that properties with a higher value than the current remaining loan balance demand a larger down payment, making this alternative more costly.</p> <p>For instance, if the purchase price is $190,000 and the remaining loan balance is $115,000, a buyer will have to bring the difference to closing. Moreover, VA home loans typically require from the buyer a 0.5% funding fee of the loan balance.</p> <h2>Assumable Mortgages in Cases of Divorce Or Death</h2> <p>Sometimes, assuming a mortgage is a result of a divorce or the death of a family member. In such cases, the lender must ensure that the person responsible for the loan meets loan guidelines.</p> <p>That said, additional information from the person assuming the loan will have to be verified, similarly to a standard loan application. <strong>Creditworthiness, asset verification, and income statements</strong> are required to make sure the borrower can make the minimum monthly payments on the loan.</p> <h2>Advantages and Disadvantages of Assumable Mortgages</h2> <p>Buyers should consider any additional costs, paperwork, and time frames required to process the loan when determining the pros and cons of assuming a mortgage. In some cases, specialty mortgages require additional time for approval by government agencies or demand higher down payments, depending on the type of the loan.</p> <h3>Advantages of Assumable Mortgages</h3> <p>Assumable mortgage properties for sale have a considerable <strong>marketing advantage</strong>. Buyers looking for a streamlined home buying process and lower interest rates make assumable mortgages quite appealing.</p> <p>Lower interest rates mean increased savings for the buyer. In addition, without the necessity for an appraisal, the buyer can save hundreds of dollars rather than pay additional fees.</p> <h3>Disadvantages of Assumable Mortgages</h3> <p>Additional <strong>risks are often associated with assumable mortgages</strong>. That’s especially true regarding VA home loans. If a buyer assumes a freely assumable mortgage and transfers ownership to an unknown third party, the seller may be unaware of the transaction. This increases the chance of default payments.</p> <p>Seller of properties with VA loans may lose their entitlement entirely, negatively impacting their eligibility for future VA loans. To avoid this, you need to obtain a release of liability after closing and deliver proof to the Department of Veterans Affairs to reinstate your entitlement.</p> <p>Moreover, the buyer is limited to the original terms and conditions of the seller’s lender, meaning they will be unable to search for more competitive rates and terms.</p> <h2>Sell Your Home Effortlessly</h2> <p>While assumable mortgages offer specific benefits to both sellers and buyers, they also bring many challenges and disadvantages. That’s especially true for sellers.</p> <p>If you want to bypass this complicated process and all the risks associated with offering an assumable mortgage, you can sell your home to <a href="https://sleeveuphomes.com/">SleeveUp</a> Homes effortlessly and quickly. We will buy your house as-is and for top dollar. All you need to do is <a href="https://sleeveuphomes.com/request-offer">request an offer</a> and see how much you can gain.</p>
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            • short_descriptionAssumable mortgage may benefit you, whether you’re a seller or a buyer. However, they also come with disadvantages. Discover more about this option here.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-an-hoa-the-meaning-regulations-pros-&-cons" }, "headline": "What is an HOA - The Meaning, Regulations, Pros & Cons", "description": "You’ve possibly heard horror stories about HOAs. But some people swear by them. So what is an HOA and how does it work? Read on to find out.", "image": "https://sleeveuphomes.com/files/blog/fe284277-846d-4c26-8581-f94434ebfb72_wooden-figurines-of-homes.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Sleeveup Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-08-01", "dateModified": "2022-08-01" } </script> <p><meta charset="utf-8" /></p> <p dir="ltr">There is nothing more beautiful than a well-kept neighborhood with beautiful houses, gardens, landscaped gardens, and parks. Would any of it be possible if it weren't for a community of people who have the same interests and care about making their neighborhood look like a fairy tale? </p> <p dir="ltr">Well, it is possible, if you belong to the HOA organization. So what is an HOA? In this article, we will take you through what an HOA is, how it works, what the HOA benefits are, as well as the disadvantages, and how to become a member. But let’s start with the essentials.</p> <h2 dir="ltr">What Does HOA Mean?</h2> <p dir="ltr">HOA is an acronym that stands for Homeowners Association. It is actually an organization of people who own residential facilities in the same community. They function according to specific written rules that apply to all members and must be respected. </p> <p dir="ltr">But why do homeowner associations exist? The goal of an HOA is to increase property value, and in order to achieve that, there are exact rules for how all properties should look and what owners are allowed to do with them. </p> <p dir="ltr">Also, in order to improve the community and harmony within the neighborhood, the point is for all homeowners in one community to join together in order to protect the collective interests of property owners</p> <p dir="ltr">Members may be residents of residential facilities such as their own house or building. At the head of the HOA is a board of directors who run the organization, set rules, and collect maintenance fees for common facilities (swimming pools, parks, parking lots, and roads, as well as communal lawn maintenance and landscaping). </p> <p dir="ltr">These rules may refer to the following: Your house must be white in color, the garden must be surrounded by a separate fence, clean up the garbage on the street within the common property, etc. Each HOA writes its own rules, but they are generally similar in principle.</p> <p dir="ltr">All those who buy property in the jurisdiction of the HOA automatically become members of this organization and are obligated to pay the membership fee, i.e. HOA fees that cover common amenities. You will learn more about the regulations of this organization, fees, and pros and cons below.</p> <h3 dir="ltr">How Does It Work?</h3> <p dir="ltr">A prerequisite for the formation of an HOA is that there is a community of homeowners who will act in accordance with established rules. The homeowners association is created by a developer who, when formed, hands over all activities to people who buy real estate in that community. Then they become members of the HOA. </p> <p dir="ltr">As we have already mentioned, there is a board of directors that will have a leading role in the management of the organization, who are voted for by all the homeowners. In order to be legally regulated, the HOA has procedures laid out in the Declaration of Covenants, Conditions, and Restrictions (CC&R) document. Anyone who buys a house must comply with the rules indicated in that declaration.</p> <h3 dir="ltr">What Is the HOA Fee?</h3> <p dir="ltr">HOA fees can cover a wide range of services. HOA fees are also called HOA dues and are basically monthly or weekly payments to the homeowners association. They vary depending on the location and value of your property. Prices can range from $170 to several thousand dollars.</p> <p dir="ltr">HOA fees must be paid regularly and payments continue as long as you live there and even after you pay off your property. Every expense is a liability, but in order to lead a quality life, you may want to become part of the organization and invest in increasing the value of the common property.</p> <p dir="ltr">Your fees help cover the costs of the commons. But you should know that a part of the collected money goes to the reserve fund, which is a savings account used to cover expenses such as, for example, the renovation of the parking lot, the replacement of the old roof, and the care of greenery.</p> <p dir="ltr">What you will surely be interested in is whether HOA fees are included in the mortgage. And the answer is no - fees are paid directly to the association and have nothing to do with payments to your lender.</p> <p dir="ltr">Although being part of an HOA brings many benefits, there are also certain disadvantages that you must be aware of. So let’s deal with the pros and cons of this organization.</p> <h2 dir="ltr">What are the Pros and Cons of the Homeowners Association?</h2> <p dir="ltr">Investing smartly in the community to provide residents with the amenities anyone could wish for is the primary mission of the HOA.</p> <p dir="ltr">Since an HOA provides a unique look to your properties and offers significant benefits to preserve (or increase) its value, it often pays to be a part of such an association. But just as everything has its advantages, there are certain disadvantages that cannot be bypassed.</p> <p dir="ltr">The pros of an HOA are:</p> <ul> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">High standards of property and environmental protection – They refer to the guidelines and regulations on the cleanliness and condition of the property, the repairs they make, the arrangement of yards, streets, and common areas such as swimming pools, parking lots, tennis courts;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">The beautiful appearance of your property – Appearance includes a beautiful facade, a landscaped yard, green grass, yard machinery;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Amenities – HOA offers great amenities for all members, gyms, pools, security, trash removal, and snow removal;</p> </li> </ul> <p dir="ltr">The cons of the HOA are:</p> <ul> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Membership fees –  On a monthly basis, you will need to set aside money for the HOA. This fee could be problematic, depending on your overall budget. The fees can also increase based on the size and value of your property;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Additional fees – When it comes to larger projects that require a lot of money and the HOA is not able to allocate that money, you will be forced to pay out of your own pocket;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Lack of privacy – One of the disadvantages is that you don't have full decision-making power because you'll mostly do what you're told, and that's what the board is in charge of. The goal is the collective interest that your property looks a certain way according to already established standards, and you pay for it;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Troubled neighbor relations – There may be disagreements in certain decisions among community members. For example, someone will complain about disobeying the rules, or an intrusive attitude that some members have, and this can lead to disagreements;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Failure to pay dues is an enormous risk – the HOA has every right, plain and simple, to revoke your membership if you don't pay your dues on time because you don’t have the money or if you lose patience with working by someone else's rules. This could lead to other legal consequences.</p> </li> </ul> <h2 dir="ltr">Would You Become an HOA Member?</h2> <p dir="ltr">If it seems convenient and profitable for you to share common interests in property with other people, and at the same time you want to increase its value, you have the opportunity to become a member of an HOA by buying a house that is governed by one. It's as simple as that.</p> <p dir="ltr">But first, you need to buy property in an HOA-run community. And <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help you. We will buy your old house for top dollar, regardless of its current state, helping you finance the new purchase.</p> <p><br /> You don’t pay for repairs because we take care of them in-house and don’t pay realtor commissions because we skip the middlemen and buy directly from you. If you wish to get the best price for your property and close in as little as 7 days, <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a> and see how much you can get.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/under-contract-in-real-estate" }, "headline": "Property Listing: What Does Under Contract Mean in Real Estate?", "description": "You need to know about pending listings, contingencies, and contracts if you want to buy your dream home. So, what does under contract mean in real estate?", "image": "https://sleeveuphomes.com/files/blog/b598f393-0d67-4e3a-8e01-56f910bc962f_a-real-estate-agent-and-client.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-08-04", "dateModified": "2022-08-04" } </script> <p>When searching for a home in a real estate market, there are many labels and categories to learn about if you want to buy your dream home. You need to know about pending listings, contingencies, and contracts, and we are here to guide you through the entire learning process. So, what does under contract mean in real estate?</p> <p>A real estate listing includes many important details about the home being sold. One of those details is whether the seller is under contract. This term refers to the fact that the seller had accepted the offer and both parties had agreed to the terms of the sale.</p> <p>There are several types of contracts for purchasing and selling homes. Some require the buyer to pay cash, while others allow the buyers to use a mortgage loan. If the buyer wants to make repairs or improvements to the property, they might ask the seller to pay for some parts.</p> <p>In any case, we’ll go in-depth about home purchasing, the steps that take you to closing, and listings that you should and should not put an offer on. All that should clearly answer your question: what does under contract mean in listings?</p> <h2>Detailed Steps of Property Purchase</h2> <p>Whether you are a seller or a buyer, you want to reach an agreement about the sale - you either want to sell it for top dollar or buy it in a good state for as little money as possible. The two often don't go together, so the whole process of home buying/selling is about compromising.</p> <p>There are many steps, big and small, that both the buyer and seller must overcome to reach their goal. In this article, we'll skip over to putting the offer. The first step towards closing is creating a good offer and the seller accepting it.</p> <p>Sellers' reasoning behind accepting it can be various: pricing, waived contingencies, even the likability of the buyers.</p> <p>Upon acceptance, both parties sign the sale contract and the property is no longer active. It can be active under contract, which means that the seller accepts back-ups, but the signed buyer has the priority.</p> <p>The sale contract has contingency clauses, such as inspection, title, or appraisal clause. The period during which the contingencies are met is called contingency period. If everything goes according to the sales agreement, the property is now waiting for some final checks and negotiations, before being sold to its new owners - during that time the listing is pending.</p> <h2>The Difference Between Under Contract and Pending</h2> <p>The stage of the property's selling process determines whether a listing is under contract or pending, among other things. If it’s pending, it is much closer to closing, while being under contract merely means that the seller has accepted the offer and signed the contract.</p> <p>Signed contracts usually include conditions for both parties. If those conditions aren't met when they are due, the contract can be broken. When that happens, the property comes back as actiive listing.</p> <p>Active under contract means that both sides agree to all terms of the contract. A sale pending means that the seller agreed to sell the property to a specific buyer.</p> <h3>More About Pending Listings</h3> <p>A pending sale means that the owner has agreed to sell the home to a buyer. The contract has been signed and all conditions have been met. Those conditions are formulated in the contract in the form of contingencies.</p> <p>A contingency clause gives both buyers and sellers an opportunity to walk away from a deal if certain conditions aren't met. When the sale is pending it is very close to closing and there is no legal requirement for sellers to accept an offer.</p> <p>However, most agents recommend accepting offers on homes that are pending because they want to make sure the seller gets the best possible deal.</p> <p>Additionally, you have every right to put an offer to a pending listing, but there is no guarantee that the seller will except it. Sometimes, the seller will accept a less expensive offer than what is listed on MLS. This could happen if the seller is trying to move quickly and doesn't care about getting the highest price.</p> <h2>Can Under Contract Listing Become Active Again?</h2> <p>Compared to a pending listing, a property under contract has more chances to go back to an active listing status. That is because some contingencies are not met or it takes too much time to meet them.</p> <p>The number of house that go out of contract depend on the market. If the competition is too high and the supply too low, the buyer will be more willing to let it slide, when it comes to repairs, appraisal mismatches, or other issues. Contract cancellations are less likely to happen in that market climate.</p> <p>However, in a market where the buyer has more power - less demand, more houses on the market - contracts are cancelled more often. This is important to remember especially when you see a house you like, but it’s under contract. Whether or not you have a chance of buying it will depend on the local market situation.</p> <h2>Can I Buy a House Under Contract</h2> <p>Short answer - yes. But it depends solely on your luck and the market conditions. Okay, and a little on the way you put a back-up offer. A back-up has to be better than the original in the eyes of the seller.</p> <h3>Pros and Cons of a Back-Up Offer</h3> <p>As stated before, you have every right to put an offer to a house under contract, and the seller has the right to accept backup offers. There are pros and cons to back ups, for you as a buyer. The main advantage is the fact that of the seller takes your offer as a back-up, you'll be the first in line in case of a contract cancellation.</p> <p>However, you might be investing the time and energy into a property that someone else will buy. It might be smarter to search for an active listing, than to put an offer and earnest money, and wait for a response that might be negativne.</p> <p>Your earnest money can be trapped until either the cancellation or closing. You could find another listing during that time that you might like better.</p> <h2>How to Avoid a Complicated Selling Process?</h2> <p>Sellers don't enjoy the home selling process any more or less than buyers do. That is why <a href="http://sleeveuphomes.com">SleeveUp Homes</a> came up with the way to make it easier on you to sell your property, and still for a top dollar.</p> <p>We buy your house as-is. Meaning no repairs, no paint Jobs, you don't even have to mow the lawn. Just contact us and <a href="https://sleeveuphomes.com/request-offer">request an offer</a>, we guarantee $10,000 more than others.</p>
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            • short_descriptionYou need to know about pending listings, contingencies, and contracts if you want to buy your dream home. So, what does under contract mean in real estate?
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            • titleWhat Is Steering in Real Estate
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/steering-in-real-estate" }, "headline": "Steering in Real Estate: Examples and Explanation", "description": "The real estate industry has a history of racial profiling and segregation. The most common discriminatory practice used by agents is steering. What are the consequences of steering in real estate?", "image": "https://sleeveuphomes.com/files/blog/49e7bcc0-11c6-49bd-beab-92b792c14cfb_couple-in-real-estate-agency-talking-with-an-agent.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-08-09", "dateModified": "2022-08-09" } </script> <p><meta charset="utf-8" /></p> <p dir="ltr">The real estate industry in the US has a complicated history of racial profiling and segregation. Although all discriminatory practices are banned by the law, there are still some agents that use insidious ways of inserting their own bias into buyers’ decisions. The most common discriminatory practice used by real estate agents today is steering.</p> <p></p> <p dir="ltr">Steering in real estate happens when a realtor suggests a specific neighborhood or area above another. This is usually done without the buyer’s knowledge. In fact, it is illegal under federal law. But, it’s still a common practice among some realtors. And it presents an unfair advantage to some buyers over others - mostly white vs. minorities of color.</p> <p></p> <p dir="ltr">There are ways to fight back - you can prevent, avoid, and report steering. But first, you need to understand what it means, how it manifests, and how it came to be. Additionally, you might want to know more about similar discriminatory real estate practices and the laws that prohibit them.</p> <p></p> <h2 dir="ltr">What Is Steering in Real Estate</h2> <p></p> <p dir="ltr">Before we start explaining steering, note that steering is illegal under federal law and it violates the National Association of Realtors Code of Ethics. Steering is when a real estate agent directs clients to neighborhoods based on their color or ethnicity.</p> <p></p> <p dir="ltr">Let’s give an example. A real estate agent has two clients. They are both looking for a similar property, both have above-average credit scores, and are looking for a family home in the same price range. A good and reliable real estate agent would look into the listings and offer them similar properties, so they can make a selection based on their own needs and preferences.</p> <p></p> <p dir="ltr">However, some agents will include their own bias into the selection process and offer different listings to the two buyers, without them even knowing. They will “steer” white homebuyers toward predominantly white neighborhoods, telling them that those are the areas with “the best schools” and “lower crime rate”.</p> <p></p> <p dir="ltr">On the other hand, they will offer much fewer listings to the black buyer, which will be in neighborhoods with mixed demographics or even predominantly populated by people of color. So, how does this affect the communities?</p> <p></p> <h2 dir="ltr">How Does Steering Affect the Communities?</h2> <p></p> <p dir="ltr">The Federal Trade Commission defines steering as "the act of encouraging consumers to purchase a specific home or neighborhood." Agents often do this by telling potential buyers about houses that are similar to theirs but different enough to make the difference seem negligible.</p> <p></p> <p dir="ltr">Steering in the real estate industry limits the options available for black or Latino buyers. In practice, agents steer white people away from and minorities toward diverse neighborhoods and, accidentally or intentionally, perpetuate the idea of segregation.</p> <p></p> <p dir="ltr">Real estate agents don't always realize they've given biased information. Sometimes they are convinced that they are serving the needs of the buyer. While most agents don't intend to steer, they still play a role in creating segregated communities. When an agent selects listings for the prospective buyer, they should count in only the preferences that the buyer mentioned. This type of discrimination occurs because agents assume that homebuyers prefer living near others like themselves in terms of race. That has its consequences. </p> <p></p> <h3 dir="ltr">What Is Steering in Mortgage Lending?</h3> <p></p> <p dir="ltr"><a href="https://sleeveuphomes.com/how-are-minorities-affected-by-the-rising-interest-rates">Homeownership rates are lower for black people</a> than for white people. This is largely due to a lack of access to mortgage lending. Lenders offer less favorable loan terms to some people based on their color or ethnicity. As a result, many marginalized Americans cannot afford to buy homes.</p> <p></p> <h3 dir="ltr">Housing Options are Lower for Minorities</h3> <p></p> <p dir="ltr">By offering people of color only the properties located in the neighborhood populated by minorities, real estate agents are actually lowering the option pool for those homebuyers. Some studies show that an agent prone to steering will show 50% more listings to the white borrower, even though he has the same properties as the black borrower.</p> <p></p> <h3 dir="ltr">Homes in Discriminated Areas Have Low Appreciation</h3> <p></p> <p dir="ltr">Steering in real estate means that agents are taking part in disabling the intergenerational collection of wealth and properties’ appreciation in value. Not to mention that real estate steering, together with mortgage steering, causes high foreclosure rates.</p> <p></p> <p dir="ltr">Lower home appreciation can lead to low homeownership rates. Black people have a historical issue of being discriminated against in the real estate industry, and until this day they are, on average, less likely to own a home than other minorities.</p> <p></p> <h3 dir="ltr">Discrimination in School Districts</h3> <p></p> <p dir="ltr">Steering, as a racial segregation tool, limits opportunities for children of color. In addition, segregated schools harm communities and families. Steering is often done using the phrase “better school district”. Schools in areas with more minority residents are often poorly funded and neglected by the authorities.</p> <p></p> <h2 dir="ltr">Steering Is Illegal and Prohibited by the Federal Law</h2> <p></p> <h3 dir="ltr">The Fair Housing Act</h3> <p></p> <p dir="ltr">The Fair Housing Act was passed in 1968 and amended several times since then. It prohibits all forms of housing discrimination, including those based on race, color, religion, sex, disability, familial status, and national origin. The law applies to both public and private entities. The act covers rental properties, real estate sales, and homebuying.</p> <p></p> <p dir="ltr">All discriminatory real estate practices are prohibited by this act. The US Department of Housing and Urban Development is in charge of implementation, and you can report an agent to the HUD in case of discriminatory practices against you.</p> <p></p> <h3 dir="ltr">Local Laws Against Discrimination in Real Estate</h3> <p></p> <p dir="ltr">In addition to protecting individuals from discriminatory practices, many local laws prohibit landlords from discriminating against prospective tenants based on factors such as marital status, sexual orientation, gender identity, source of income, family size, and citizenship. Some even require landlords to make reasonable accommodations for disabled individuals.</p> <p></p> <p dir="ltr">For example, the City of San Francisco requires landlords to offer "reasonable accommodation" to qualified applicants with disabilities. This includes providing auxiliary aids or services necessary to allow the applicant to access the rental unit. In some cases, it may mean modifying the physical structure of the property, such as ramps or special elevators.</p> <p></p> <h2 dir="ltr">How to Tell If You're Being Steered</h2> <p></p> <p dir="ltr">Your realtor could try to steer you towards particular neighborhoods based on your race or ethnic background. They'll say things like: "this neighborhood has great schools," or "you'll love living here." These statements aren't necessarily racist, but they could still constitute steering.</p> <p dir="ltr"></p> <p dir="ltr">There are ways to tell whether your realtor is trying to steer you based on your race or another othering factor. Here are some signs that might indicate that your realtor is steering:</p> <p dir="ltr"></p> <ul> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Your realtor talks about the preferences that you didn’t specifically list as important. They are trying to influence your selection process.</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Your realtor makes a statement that seems biased against a group of people or a specific area.</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Your realtor suggests specific neighborhoods or areas over others. He or she might suggest that you look in a specific part of town or that you avoid certain parts of town altogether.</p> </li> </ul> <p dir="ltr"></p> <p dir="ltr">Realtors must offer equal professional services to everyone, regardless of race, religion or ethnicity. They must offer the same price, terms, and conditions to every buyer. If you suspect steering, contact your local housing authority, the Better Business Bureau, or the attorney general’s office.</p> <p dir="ltr"></p> <h2 dir="ltr">Other Illegal Real Estate Practices</h2> <p dir="ltr"></p> <p dir="ltr">The problem with steering in the real estate industry is that it limits the choices available to minority groups. Unfortunately, it is not the only discriminatory practice in real estate. It is, however, the most prevalent to this day.</p> <p dir="ltr"></p> <p dir="ltr">Redlining is a discriminatory real estate practice that was established in the first half of the 20th century. Urban planners, lenders, and investors all drew red lines around the areas populated by black people and described those places as high-risk investment areas. Homebuilders and investors did not bring their business to those areas, and the consequences are lasting to this day.</p> <p></p> <p dir="ltr">Blockbusting and white flight were also racial segregation tools used by biased realtors. Blockbusting refers to the intimidation of white residents, who are told that black people are coming to their neighborhoods. </p> <p></p> <p dir="ltr">White people, biased and scared, then, agree to sell their homes to realtors for close to nothing. Those realtors sell the place to black families for a very high price and earn money. White flight refers to the phenomenon provoked by the blockbusting of white people leaving the neighborhoods as soon as minorities move in.</p> <p dir="ltr"></p> <h2 dir="ltr">Selling a Home in a Historically Discriminated Neighborhood?</h2> <p dir="ltr"></p> <p dir="ltr">Are you selling a home in an area that has historically been, accidentally or intentionally, “steered away from” by white homebuyers? You might feel like you can’t get top dollar for it. Don’t worry – <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your home, and we will buy it for ten grand above what others are offering.</p> <p><br /> We are real estate professionals who value ethics and community above all else. So, contact us and <a href="https://sleeveuphomes.com/request-offer">request an offer</a> today. We will not disappoint.</p>
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            • short_descriptionThe real estate industry has a history of racial profiling and segregation. Explore the consequences of steering in real estate.
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            • titleExtraordinary National Parks in California
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/national-parks-in-california" }, "headline": "The Most Extraordinary National Parks in California", "description": "Thinking about visiting California? Discover some of the best national parks in California that will leave you speechless and keep you coming back for more.", "image": "https://sleeveuphomes.com/files/blog/fceea931-d9dd-4930-9749-d6426f6813b9_usa-north-california-young-man-taking-a-selfie.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-08-17", "dateModified": "2022-08-17" } </script> <p>From the magical forests to salt flats, <strong>national parks in California</strong> reflect the vast array of landscapes throughout the state, offering matchless beauty to the visitors. Spellbinding places like Redwoods and Yosemite National Park have inspired millions of people to wander around for at least a little while.</p> <p>California has nine national parks and 28 national park units. These units include national recreation areas and monuments, such as Lava Beds National Monument. Although such places aren’t national parks in the book, they are still some of the most extraordinary must-see California landscapes.</p> <p>You can explore national parks in California throughout the year, even in winter. So, without further ado, let’s discover some of the best California national parks.</p> <h2>Channel Islands National Park</h2> <p><img alt="Humpback Whale Swimming in Blue Ocean Water" class="img-fluid" src="https://sleeveuphomes.com/img/humpback-whale-swimming-in-blue-ocean-water.jpg" /></p> <p>The Channel Islands National Park consists of five islands scattered along the coast of Santa Barbara - one of the <a href="https://sleeveuphomes.com/best-coastal-cities-in-the-us">best coastal cities in the US</a>. Nicknamed “American Galapagos”, this national park is <strong>home to over 2,000 species</strong> of animals and plants, 150 of which are found only on the Channel Islands. This makes it one of the best places to spot some rare wildlife.</p> <p>The summer season brings warm waters and humpback and blue whales along with it, so don’t be surprised if you see them passing by in this diverse marine park. Besides whales, these islands are home to various bird species, singing along while you soak in the mesmerizing beauty around you.</p> <p>The sunsets in this park are breathtaking, illuminating the landscape and revealing the true magnificence of the oceanic scenery. So, make sure to catch one while you’re there.</p> <h2>Yosemite National Park</h2> <p><img alt="Yosemite National Park Valley" class="img-fluid" src="https://sleeveuphomes.com/img/yosemite-national-park-valley.jpg" /></p> <p>Found in the enchanting Sierra Nevada Mountains, located only 3 hour drive from Danville, one of the <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">safest places to live in California</a>, Yosemite National Park is one of the most precious gems of the state. Also <strong>one of the most famous national parks in California</strong>, Yosemite has lured numerous tourists, naturalists, photographers, and rock climbers, attracting over four million visitors from around the world each year.</p> <p>Some of the most iconic features of the park are monolithic granite peaks, including El Capitan and Half Dome. Whether admiring their sceneries from places like Tunnel View or hiking to the top of Half Dome, these majestic rocks are an unavoidable part of the Yosemite experience.</p> <p>Yosemite Falls are some of the most beautiful moving bodies of water you will ever see. And the fantastic sights of Yosemite Valley are not far behind. Although such popular places are a must-see, there’s also a lot of space to find a uniquely personal experience within the vast miles of this scenic park.</p> <p>If you love hiking and observing wildlife, head down to Tuolumne Meadows. Following the Toulumne River, you’ll also find the Pacific Crest Trail, which will take you all the way up to Canada if you let it.</p> <p>While summers in Sierra Nevada Mountains offer incredible hiking and camping experiences, winters will give you a chance to ski and snowboard, presenting a view from a different perspective.</p> <h2>Lassen Volcanic National Park</h2> <p><img alt="Smoke Emitting From Mountain at Lassen Volcanic National Park" class="img-fluid" src="https://sleeveuphomes.com/img/smoke-emitting-from-mountain-at-lassen-volcanic.jpg" /></p> <p>This iconic national park lures visitors all year round with its hot springs, sputtering sulfur vents, and bubbling pools of mud. In this volcanic landscape, you’ll also find forests and crystal-clear lakes. The volcano erupted in 1914 and hasn’t been active ever since, so don’t worry about getting yourself killed in this majestic place.</p> <p>Lassen Volcanic National Park is <strong>great for wandering along its many hiking trails</strong>. And if you’re one of the brave, you can climb up the volcano itself. At the base of the volcano lays Lake Helen, which is a stunning spot for enjoying the vista. During winter, the lake is covered by ice due to its high altitude. But in summer, translucent turquoise water makes it a charming spot for a picnic.</p> <h2>Joshua Tree National Park</h2> <p><img alt="joshua tree national park" class="img-fluid" src="https://sleeveuphomes.com/img/joshua-tree-national-park.jpg" /></p> <p>Joshua Tree National Park is situated at the intersection of the Mojave and Colorado Deserts, encompassing an enchanting world of breathtaking sunsets, enormous boulders, and an abundance of the park’s namesake trees. <strong>The busy season is between October and May</strong>, before the summer heats.</p> <p>Joshua Tree boasts many campgrounds to spend the night. And during the day, some of the most popular activities include hiking, stargazing, and rock climbing. This park also features several spring-fed oases surrounded by palm trees, which are excellent places to cool down after a long, adventurous walk.</p> <h2>Sequoia and Kings Canyon National Parks</h2> <p><img alt="Giant Sequoia National Park in California" class="img-fluid" src="https://sleeveuphomes.com/img/giant-sequoia-national-park-in-california.jpg" /> </p> <p>Sequoia and Kings Canyon are two separate national parks, but they operate as a single unit as one fee allows entrance to both parks. The soaring sequoia forests above the rivers are something to be admired and respected. As <strong>the largest trees in the world</strong>, sequoias are home to numerous animal species. Besides giant trees, there are also other rare and not-so-rare plant species.</p> <p>Once in, you can enjoy sun-drenched foothills and snowy elevations in this majestic wilderness. On top of that, the park features extraordinary cave networks with glistening crystal caverns that are definitely worth paying a visit.</p> <h2>Death Valley National Park</h2> <p><img alt="Death Valley National Park Lands" class="img-fluid" src="https://sleeveuphomes.com/img/death-valley-national-park-lands.jpg" /></p> <p>Death Valley National Park encompasses some of <strong>the biggest environmental extremes</strong>. Packed with dunes, salt flats, and mysterious moving rocks, Death Valley reaches summer temperatures of 120 Fahrenheit. Also, it features some of the lowest elevations in the US.</p> <p>The most popular time to visit Death Valley is spring, with the best chance of catching a wildflower super-bloom between late March and early April. The Furnace Creek is a common base camp with various resources, including a visitor center, numerous lodging options, and seasonal campgrounds.</p> <p>In the Badwater Basin area, you’ll have an opportunity to explore a landscape 180 feet below sea level and see unique polygon salt formations. The park also features the Devil's Golf Course, where you can see explosive salt crystals. Let’s not forget about the mountain-sized dunes at Mesquite Flats, where you can enjoy other natural wonders.</p> <p>Don't be surprised if you fall in love with this place so much that you want to move to California. In that case, make sure to move to the <a href="https://sleeveuphomes.com/what-are-best-places-to-live-in-california">best places to live in California</a>.</p> <h2>Redwood National Park</h2> <p><img alt="Redwoods Trees" class="img-fluid" src="https://sleeveuphomes.com/img/redwoods-trees.jpg" /></p> <p>Situated in the northern coastal region of California, Redwood National Park is home to a whopping 35% of the coastal redwoods left in the world. The majestic redwood trees tower above everything else like they are the tallest beings on earth. Like a true natural wonder, this park is a haven for wildlife, providing shelter to many fascinating animals, including sea lions, salmon, and rare owl species.</p> <p>Trails make their way through the forest’s carpet made of ferns and open out into the abundant meadows. Thanks to its otherworldliness, Star Wars choose Redwood National Park as the location for the Forest Moon of Endor.</p> <h2>Lava Beds National Monument</h2> <p><img alt="Lava Tube" class="img-fluid" src="https://sleeveuphomes.com/img/lava-tube.jpg" /></p> <p>Lava Beds is in northern California, around 20 miles south of the Oregon border. It’s a famous spot on the Volcanic Legacy Scenic Byway, offering a dreamlike underground world to explore. Among its numerous volcanic remains, the monument’s hundreds of miles of lava tubes are perhaps the most fascinating.</p> <p>Here, you can <strong>explore ancient lava passageways</strong> yourself, but you’ll need to stop by the visitor center first to get a free permit and information to explore safely. There, you can also buy helmets and flashlights if you don’t have yours. It would be wise to get cave maps while you’re at the visitor center to avoid losing yourself when exploring the more complex systems.</p> <p>But Lava Beds is much more than an underground wonderland. Above the ground, you can find the Devil’s Homestead - a scarred landscape still boasting natural beauty.</p> <h2>Thinking About Moving to California?</h2> <p>Besides the impressive national parks in California, this state offers numerous other attractions and natural wonders. It’s no surprise why so many people want to move to this incredible state, and we don’t blame you if you’re one of them.</p> <p>In fact, we’ll be glad to help you move to the land of your dreams. The process of moving and buying a new home can be tricky, especially when it comes to selling your old house. But <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can make the entire process quick and trouble-free.</p> <p>Since we buy homes as they are and for top dollar, the whole process is quite simple. All you need to do is <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a>, see how much money you can get for your home, and make your decision.</p>
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            • titleWhat Is Escrow in Real Estate?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-escrow" }, "headline": "What Is Escrow: Everything About Escrow Accounts in Real Estate", "description": "What is escrow? When dealing with big amounts of money or things of a certain value, there is always a risk of fraud. Escrows provide a safe space for a transaction.", "image": "https://sleeveuphomes.com/files/blog/2eaa44c2-6c67-4e1c-bb23-9d4bfeb267d9_business-agreement-men-shaking-hands.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-08-23", "dateModified": "2022-08-23" } </script> <p>For many Americans, buying a home is the biggest and most significant transaction in their life. Others, who often work with large transactions, are very familiar with escrow accounts because using them ensures fair play. However, if you are just looking to buy a property and are hearing all about these accounts, you might wonder: What is escrow?</p> <p>To make a long story short - <strong>escrows are accounts held by an impartial third party</strong>. They provide a safe space where two strangers can venture into exchange when there is no reason to be trustworthy. In this article, we will explore the types of escrow accounts in real estate and their purposes.</p> <h2>The Purpose of Escrow Accounts</h2> <p>When dealing with big amounts of money or things of a certain value, there is always a risk of fraud or theft. Even if you sign a contract with someone, there is always a possibility that the other person will take advantage of your trust. That is when escrows come into question.</p> <p>Escrow holders are the third party in your contract, and exist only until each side fulfilled what was agreed on in the contract, after which they are responsible for the exchange. In the case of real estate, the exchange is usually either that of the property title and the buyer’s money or of the money for the homeowner’s financial obligations.</p> <p><strong>Escrows protect both parties in case of unexpected changes of plans or any uncertainties and keep the money safe</strong>. Once the money enters an escrow account, it is not easy to get it back. Only if the seller decides to back out of the contract or cannot meet the conditions in the contract can the buyer collect their money.</p> <h2>Types of Escrow</h2> <p>An escrow account is a financial transaction where money is placed into an account held by an independent party called an escrow agent. That escrow agent can come from a bank, title company, real estate company, or specialized escrow provider.</p> <p>If there are problems with the property, it is often easier to resolve those issues while the money is still in escrow. Escrow accounts are typically required for mortgage transactions. Besides buying a house and paying homeowner’s fees - there are real estate situations where it is preferable to use escrows.</p> <h3>Renters’ Escrow</h3> <p>When talking about <a href="https://lightspeedescrow.com/blog-post/different-types-of-escrow">different types of escrows in real estate</a>, people usually forget renters’ escrows. Renting is a great option for many people because it allows you to live where you want while saving money. <strong>However, there is one thing renters must do to protect themselves against unscrupulous landlords: escrow accounts</strong>. An escrow account is a bank account set up specifically to collect rent payments.</p> <p>Landlords usually require escrow accounts to ensure that tenants pay rent on time. If the tenant fails to make timely payments, the landlord can take legal action to recover the unpaid amount. In addition, landlords can use the funds in the escrow account to cover costs such as property taxes or repairs.</p> <p>That account will protect the renter, as well. If the landlord does not secure a safe living space for the tenants (doesn’t make necessary repairs, there are water or electricity problems) - the tenants can file a lawsuit, and escrow will hold rent money until the situation is resolved.</p> <p>If you decide to skip out on rent, however, you could face serious consequences. Landlords can file lawsuits to collect the money owed. They can also report you to authorities, which can lead to fines, eviction, and even jail time.</p> <h3>Escrows in Construction</h3> <p>A construction escrow is a special type of escrow account that allows you to deposit funds into it while work on a property is ongoing. You can use this type of escrow account to protect yourself against fraud because no withdrawals are allowed during construction.</p> <p>The lender deposits money into the escrow account, and once the house is completed, the funds are disbursed to the contractor and/or owner. If the project exceeds the budget, the lender gets reimbursed out of the escrow account.</p> <h2>Homebuying Escrow</h2> <p>A homebuying escrow account is a type of savings account that helps protect both parties involved in a real estate transaction. In most cases, it is a neutral third party that holds the earnest money deposit while the transaction is being completed. Once the deal closes, the buyer pays the seller the full purchase price minus what he paid into escrow.</p> <p>Once a buyer puts in an offer and the seller accepts it - the buyer opens an escrow account by transferring the earnest money deposit. The two parties get into a sales agreement and the contingency period is in progress.</p> <p>Earnest money deposit is one small part of the selling price that shows the buyer’s intent to buy. <strong>Earnest money is not the same as the down payment</strong>, but it is a part of it. Usually, a buyer will transfer around 2% of the full purchase price to an escrow account.</p> <h3>What is a Contingency Period?</h3> <p>The contingency period marks the time between signing a sales contract and actually fulfilling it. An escrow agent follows the whole process and makes sure that everything is happening according to the contract. <a href="https://sleeveuphomes.com/what-does-contingent-mean-in-real-estate-industry">Contingencies are conditioning clauses in the contract</a> that offer a way out of the sale in case of major issues with the property or financing.</p> <p><strong>The most often used contingencies are title, inspection, mortgage, and appraisal contingencies</strong>. When a seller or a buyer fails to meet the conditions, they can back out of a sale in good faith - no money nor title lost. However, if anyone wants to break the contract - an escrow agent is there to make sure the other party stays protected.</p> <h2>Homeowner’s Escrow</h2> <p>Homeowner’s escrow is often called a mortgage escrow account because most lenders require it when you’re getting a mortgage to fund your purchase. Mortgage escrow accounts are like saving accounts, which allow you to save money each month. They allow you to put aside some money every month to pay off your home loan.</p> <p>You'll still have to pay regular monthly mortgage payments, but the escrow money goes to another account. Your mortgage servicer will use those funds to cover taxes, insurance, and maintenance costs related to your property. When you're ready to sell, your lender will release the funds back to you.</p> <p><strong>Homeowners' insurance premium, property taxes, mortgage insurance - those are all costs that are covered in an escrow</strong>. Mainly, escrows serve as money collectors for irregular payments - annual or semi-annual.</p> <p>If you were to save up that money yourself, you might feel tempted to spend it during the year on some unforeseen expenses. Mortgage escrows ensure that this does not happen.</p> <p>There are many different ways to set up an escrow account. Here are two options:</p> <p>Set Up An Individual Account</p> <p>If you want to open an individual escrow account, you'll need to contact your local bank. Most banks offer this option. If you choose this route, make sure you know what happens when you close your account. Will you lose access to the money? Or will the bank keep the money in trust for you?</p> <p>Open An IRA With Your Bank</p> <p>You might consider opening an IRA with your bank. This type of account is similar to an individual escrow account. However, it's managed by a financial institution called an IRA Custodian. You'll still need to open an IRA with your bank, but an IRA custodian will manage the account for you.</p> <h3>Escrow Analysis</h3> <p>An escrow analysis is performed once every 12 months. This process helps lenders determine how much money should be saved each month. Simply put, taxes and insurance premiums can change, and escrow analysis ensures that you can follow those changes.</p> <p>After your escrow holder ends an escrow analysis, they will send you an escrow statement, in which you will get detailed information about the last year’s spending and the potential for next year’s spending. This potential escrow is called <a href="https://lightspeedescrow.com/blog-post/estimated-escrow">estimated escrow - it tells you how much you will pay each month</a> until the next escrow analysis.</p> <p>How much you pay each month depends on many factors: the size of the property, location, risk of natural disaster, and many more. <strong>Escrow analysis can show that there is more money in the account than the last year’s estimation predicted - in that case, you’ll get a refund</strong>. On the other hand, there can be a shortage, too - and you need to pay either immediately in full or in 12 installments during the year.</p> <h2>Thinking About Selling a Home in Southern California?</h2> <p>Are you postponing selling your house in Southern California because you don’t want to deal with everything that comes with it - repairs, open houses, and realtors’ fees? It seems like <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> is exactly what you are looking for.</p> <p>We are eliminating the middleman, buying your house as-is, and paying top dollar for it. We guarantee $10,000 more than what others are offering. Plus, we save you money on all the home selling expenses, such as minor repairs, paint jobs, and fees. But don’t take our word for it - <a href="https://sleeveuphomes.com/request-offer">request an offer</a> today and see it for yourself.</p>
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            • titlePlanned Unit Development or PUD
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-a-planned-unit-development" }, "headline": "What is a Planned Unit Development and How Does It Work?", "description": "We know everything you need to learn about planned unit development. Check out this article for more information.", "image": "https://sleeveuphomes.com/files/blog/64775038-5fd7-4a01-b429-2da0dbd49358_aerial-view-of-planned%20unit%20development.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-12", "dateModified": "2022-09-12" } </script> <style type="text/css">h4 { color: #000000 !important; font-size: 20px; } </style> <p>Every day a wide range of housing complexes are being constructed around the nation. A planned unit development (PUD) is one of these kinds of construction. In short, PUD projects are housing developments that collaborate with the local government to create standards that will establish common areas, private areas, and building rules - rather than being subject to the usual zoning regulations.</p> <p>These communities can have single-family homes, condos, or townhomes and each homeowner is a member of a homeowners association (HOA).</p> <h2>What is a Planned Unit Development (PUD)?</h2> <p>A simple definition of planned unit development will be to say it’s a cohesive community of people who have similar or the same living requirements. Mostly single-family homes (sometimes condos or townhomes) packed in a calm environment offer a range of homeownership options at various price ranges, as well as quick access to offices, supermarkets, restaurants, schools, and entertainment.</p> <p>Keep in mind that when you purchase a home in a PUD you will be the owner of the land and the property, but you will be obliged to follow certain rules that apply in that area.</p> <h2>Planned Unit Developments and Homeowners Associations (HOA)</h2> <p>Before you decide to buy a PUD property you should be aware that it always comes with various obligations towards a homeowners association (HOA).</p> <p>HOA is a self-governing group in "common-interest" communities like PUD where residents contribute to the upkeep of their neighborhood or individual apartments. HOAs are primarily managed by local residents who serve as unpaid volunteers on a board of directors that governs the HOA.</p> <p>There are a lot of things an HOA is taking care of in a PUD and some of the most common are:</p> <ul> <li>Community park</li> <li>Swimming pool</li> <li>Courts for various sports</li> <li>Clubhouse</li> <li>Playgrounds</li> <li>Neighborhood security</li> <li>Landscaping services</li> <li>General maintenance of the area</li> </ul> <p>With these neighborhood perks, HOAs are trying to create close-knit communities where everyone will feel like they belong.</p> <p>Remember, every PUD has different amenities to offer, so don’t forget to check them out when looking to buy a property and find ones that suit your needs.</p> <h2>Financing for a PUD</h2> <p>Since PUDs offer so many advantages for their homeowners, you should be aware that they come at a cost. Things like security, landscaping, mutual recreational facilities, etc. are paid by everyone in a PUD on a monthly or a yearly basis.</p> <p>This payment comes on top of your mortgage so make sure that you are able to afford it before you commit.</p> <p>When looking to get a mortgage for a home in PUD you will only have a couple of additional formalities when compared to buying any other property.</p> <p>The main thing is that HOA in a particular PUD you are looking at is solid. This means:</p> <ul> <li>They don’t have a lot or any homeowners that are late with payments</li> <li>They have money reserves for unforeseen circumstances</li> <li>They don’t have any lawsuits filed against them</li> <li>They have reliable insurance policies for common amenities</li> </ul> <p>The mortgage lender will also be interested in the functioning of the PUD you’re willing to join so they will look at all this information as well. Don’t forget that if you can’t make your mortgage payments, the lender becomes the owner of the property so it’s only natural that they inquire about purchasing details too.</p> <p>You can have trouble getting a loan for the whole amount if your lender finds any problems with the PUD, their HOA, or their finances. Financial problems within the PUD may be a sign that local property prices may decline over time, increasing the risk to your lender and to you if you wish to sell your property in the future.</p> <p>You might even need the help of real estate agents when it comes to gathering all background information about an HOA and forwarding it to your lender. Legal language around financial statements, conditions, and restrictions can be tricky for someone who isn’t dealing with these things on a daily basis, so better to be safe than sorry.</p> <p>The easiest way to recognize a planned unit development while looking at real estate listings is if you see single-family homes and townhomes listed as condos or if there are fees connected with a homeowners association (HOA).</p> <p>Now, this isn’t 100% proof that you are looking at a PUD, but oftentimes they are good indicators. You can always contact the person selling the property to check or ask your real estate agent to do the check for you.</p> <h2>Pros And Cons of living in a PUD</h2> <p>As you probably suspect there are numerous pros and cons of living in a planned unit development. Let’s analyze them:</p> <h3>Pros</h3> <h4>Comfort</h4> <p>Living in a PUD has several benefits, one of which is comfort. These settlements are intended to resemble self-sufficient little villages. The goal of PUD residential complexes is to provide residents with as many conveniences as possible, from access to recreational amenities like swimming pools, tennis courts, or gyms to handy stores like pharmacies or grocery stores.</p> <p>These can be used by tenants of the PUD and their visitors also.</p> <h4>Land ownership</h4> <p>Instead of the homeowners association, you are the owner of a building and land in a PUD. PUDs provide users additional leeway within predetermined bounds.</p> <h4>Regular Maintenance</h4> <p>PUDs often handle the upkeep in communal spaces, ensuring that the neighborhood remains tidy and friendly. Some PUDs could even maintain the yards of individual unit owners.</p> <p>These can include but not be limited to lawn mowing, hedge maintenance, and snow removal.</p> <h4>Inexpensive amenities</h4> <p>In comparison to facilities you would find in other communities, PUDs could offer amenities at a reduced cost. Less money may be spent by residents on upkeep, utilities, and street reconstruction.</p> <h4>Sense of community</h4> <p>PUD amenities give you a real opportunity to interact with your neighbors. They have the potential to create a warm and welcoming neighborhood, which may be ideal for young families or seniors who are looking to retire.</p> <h3>Cons</h3> <h4>HOA fees</h4> <p>Joining the HOA and paying its fees is mandatory and there is no way around it. A PUD home's numerous advantages come at a price.</p> <p>Even though a PUD frequently provides a range of housing options at various price points to meet your budget, the majority still asks owners to pay monthly HOA dues on top of the cost of their homes in order to maintain the common facilities and outdoor areas.</p> <h4>Rules</h4> <p>There is a chance that you won’t be bothered with any of the rules in a PUD, but since they are regulating some aspects of everyday life, a number of people might find it hard to abide by them.</p> <p>For instance, some PUDs limit the number of pets you can have and even the type of pet. Others can administer where you can park, how the outside of your house may be decorated, and even if and how many plants you can have in your front yard.</p> <h4>Spacing</h4> <p>Although you will have your own home, the houses are leaning on one another and you will share one or more walls with your neighbors. People who prefer more freedom and privacy would probably look to avoid this.</p> <h2>Summing up</h2> <p>In the end, a planned unit development can be a great place for living. Even though it has some rules and restrictions, they are there with the purpose of keeping the community satisfied and comfortable for everyone. And don’t forget – they apply to everybody.</p> <p>Now all that is left is for you to do the math, weigh the pros and cons, and decide if PUD is the right choice for you and your family!</p> <p>Selling a PUD property is easy with <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We buy houses in various conditions and locations, and we do it for top dollar. Just <a href="https://sleeveuphomes.com/request-offer">request an offer</a> and see it for yourself! Plus, we save you cash by sparing you the trouble of repairs, fresh paint jobs, and other selling preparations.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/sale-leaseback" }, "headline": "Everything you need to know about Sale-Leaseback", "description": "Learn all about sale-leaseback in this article. What are the requirements and when to consider it - we have all the answers.", "image": "https://sleeveuphomes.com/files/blog/95c37f61-3e51-4bbb-9b06-0cc3d7a9a53f_real-estate-agent-sales-manager-.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-12", "dateModified": "2022-09-12" } </script> <p>Under a sale-leaseback agreement, you can sell your house, withdraw the equity, and then rent it back from the buyer. Sale-leaseback agreements free up money, but you can pay rent that is above average and lose out on some of the benefits of homeownership.</p> <h2>What is a sale-leaseback?</h2> <p>A sale-leaseback or just a leaseback is an agreement between the buyer and seller to allow the seller to occupy the property after the closing for a certain length of time at a predetermined rent.</p> <p>Leasebacks can be short-term and long-term. Short-term agreements are agreed upon when the seller needs to resolve a certain issue before moving out, while long-term ones are arranged when the seller wishes to remain in their own house as a long-term tenant.</p> <p>Don’t be in any doubt – when deciding to go for a sale-leaseback deal, sometimes called a residential leaseback agreement, you will truly sell your property and get the cash.</p> <p>These home sale-leasebacks can be a win-win situation for both you as the seller (lessee) and the buyer (lessor). You will no longer need to worry about ownership costs, while the new owner is walking into a situation where steady cash flow is provided from the start.</p> <h2>When to consider a home sale-leaseback?</h2> <p>You can be a candidate for a sale-leaseback if you need or desire quick cash, want to keep living in your house, and are receptive to the changes that come with going from homeowner to renter status. The following are typical reasons for negotiating this type of deal:</p> <h3>Financial difficulties</h3> <p>Many families deal with issues like employee layoffs, business closures, and sudden medical bills. Without having to vacate the family home and school district, being able to immediately access 100% of your equity offers crucial flexibility, financial possibilities, and cash flow during trying times.</p> <h3>Financial chances</h3> <p>A sale-leaseback is a way to use home equity without having to leave the family home to start a new business, make investments, or pay for school. A lot of people are choosing this path to invest in their ideas and life plans.</p> <h3>Temporary housing</h3> <p>Even though sale-leasebacks are most often used on long-term arrangements, some sellers or purchasers utilize them as a stopgap residence in between homes.</p> <p>For instance, if you wish to sell your house and purchase a new one, you could decide to negotiate with a prospective buyer to add a short-term leaseback agreement. This enables them to close on the property and then lease it back to you for an agreed-upon duration (the time it takes you to move to a new place).</p> <h3>Early retirement</h3> <p>If you qualify for a reverse mortgage for all the typical criteria but are under the 62-year-old age requirement, a sale-leaseback is an alternative that gives you access to home equity assets while still letting you stay in your house.</p> <h3>Emotional attachment</h3> <p>Sometimes, people will be emotionally attached to the home or property they are selling. Maybe it’s the place where they’ve grown up or they just like the area. Whatever may be the case, sale-leaseback allows them to sell their home while keeping the scenery around them the same.</p> <h2>Requirements for home sale-leasebacks</h2> <p>Although mortgages and different kinds of loans require extensive documentation and background checks of employment history, debt load, credit score, etc. a sale-leaseback doesn’t require any of those things.</p> <p>While a mortgage provider is hoping that the property you want to buy is worth what you want to spend and that you are a trustworthy borrower who can repay the loan, a provider of a sale-leaseback doesn’t have to do that kind of assessment.</p> <p>Investors who offer sale-leaseback contracts will purchase your property outright at the market and assessed value. They coordinate with you to make sure you can afford the rent each month for as long as you want to remain in your house.</p> <p>Moreover, a sale-leaseback provider can rent the house to another tenant without suffering a loss if you decide to leave the property.</p> <h2>Pros of home sale-leasebacks</h2> <p>If you are considering a home sale-leaseback you should be aware of the following benefits:</p> <ul> <li><strong>Ability to free up money</strong>: If a large portion of your wealth is based on home equity, you may be able to sell your house and use the proceeds for business or investment objectives.</li> <li><strong>Hassle-free closing</strong>: You won't have to worry about searching for a buyer, listing your home, and waiting for the deal to close. The majority of organizations that provide home sale-leasebacks will acquire your house quickly – typically within a few weeks as opposed to months.</li> <li><strong>Protecting against real estate market downturns</strong>: Selling your property to cash out the equity might make a lot of sense if you believe that the value of the real estate in your region will decline.</li> <li><strong>Rid yourself of home costs</strong>: You may continue to live in your home without having to worry about paying for all the expenses associated with homeownership. Maintenance, homeowner's insurance, and property taxes will no longer be your responsibility.</li> </ul> <h2>Cons of home sale-leasebacks</h2> <p>Even though there are a lot of benefits, quite a few downsides can be found in this type of deal. Some of them are:</p> <ul> <li><strong>The increase in value of your property no longer benefits you</strong>: Now the new owner of the property gains from the potential increase in value, not you. And with an increase in home value, your rent can go up as well.</li> <li><strong>You might not receive the full price of your property when you sell it</strong>: Getting the deal done in less than a month and having cash in your hands quickly comes with a cost. You could receive more money upfront if you sell your house to a typical buyer, but you won't likely be able to stay in it.</li> <li><strong>Rent payments no longer increase your equity</strong>: As you reduce your mortgage balance, your home's equity grows, and ultimately you will own it outright. Once you've sold your house to a home sale-leaseback firm, this is no longer an option.</li> <li><strong>Rent could be expensive</strong>: Companies that specialize in home sale-leasebacks typically promise to rent your house back to you at market rates. However, those rent payments can be more than the mortgage payments you were making. To make sure you're paying a reasonable rate, you should also compare the rent you're given with rentals in other nearby communities.</li> </ul> <h2>The bottom line</h2> <p>If you need to sell your home but wish to remain in it, residential leaseback agreements may be an excellent choice. Additionally, you gain by no longer having to pay for ownership fees like taxes and upkeep expenditures. However, for other homeowners, the possibility that they won't receive the full worth of their house may be a deal-breaker.</p> <p>Before selecting whether a home leaseback arrangement is ideal for you, make sure you thoroughly consider the advantages and disadvantages and that you have consulted your friends and family.</p> <p>If you want to sell your house as quickly as possible - <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help you with it. We buy houses in Southern California and we buy them as-is. We are removing the hassle around preparing the house for sale.</p> <p>Just go to our website and <a href="https://sleeveuphomes.com/request-offer">request an offer</a> - we guarantee $10,000 more than what others offer.</p>
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            • short_descriptionLearn all about sale-leaseback in this article. What are the requirements and when to consider it - we have all the answers.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/rehab-loan" }, "headline": "Rehab Loan: What It Is and How It Works", "description": "Home improvement & financing made easy: Vet the potential of FHA 203(k) loans by learning what a rehab loan is, how it works, what it takes to apply.", "image": "https://sleeveuphomes.com/files/blog/5e736537-ee01-4e6b-b175-c4a14250e9a4_rehab-loans.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-10-23", "dateModified": "2024-03-27" } </script> <p>A rehab loan is a home improvement loan used to buy a house that needs some fixing. These types of loans allow buyers to borrow enough money to buy a property and cover the renovation costs and repair expenses a fixer-upper home may need. Similar to personal loans, rehab loans offer prospective buyers a unique opportunity to acquire homes in neighborhoods that would typically be beyond their financial reach.</p> <p>This is because properties in these areas, which require minimal renovation, are <em>rarely</em> available on the market. Consequently, these loans enable individuals to invest in and transform properties that may require some work, ultimately allowing them to establish a foothold in these desirable neighborhoods.</p> <p>In this article, we explore rehab loans, how they work, the process of applying, and their advantages and disadvantages to<strong> help you decide whether this financing option is right for you</strong>.</p> <h2>What Is a Rehab Loan?</h2> <p><img alt="FHA 203k rehab loans for home renovation" class="img-fluid" src="https://sleeveuphomes.com/img/FHA-203k-rehab-loans-for-home-renovation.jpg" /></p> <p>Also known as the FHA 203k loan and FHA construction loan, a rehab loan is a <strong>government-backed loan that allows you to finance both the property itself and needed repairs and renovations</strong> (with a single loan). A 203k rehab loan tackles a common issue people face when purchasing a fixer-upper house – lenders often don’t approve loans for properties that require major repairs.</p> <p>However, 203k lenders track and verify repairs when using a rehab loan and are willing to approve loans on houses they wouldn’t otherwise consider. Even so, for a lender to approve financing, the property must meet some safety and livability standards determined primarily by the FHA home appraisal. And if the property is too rundown, you <em>won’t</em> be able to use a rehab loan.</p> <p>A 203k rehab loan program can be an excellent, affordable financing solution for first-time home buyers on a tighter budget who want to purchase an older house and fix it instead of buying a more expensive home ready for immediate use. However, even buying a fixer-upper home can involve some <a href="https://sleeveuphomes.com/hidden-costs-of-buying-a-home" target="_blank">hidden costs</a>.</p> <h2>How Does a Rehab Loan Program Work?</h2> <p>In essence, rehab loans are a type of loan that provides a strategic avenue for turning fixer-uppers into dream homes, making it possible to breathe new life into real estate situated in locations that might otherwise be financially out of reach. The <strong>process for obtaining a rehab loan is similar to that of traditional loans</strong>, such as the home-buying type of loan, with some differences.</p> <p>First, you need to apply for a loan with a FHA-approved lender and get approved for it. Then, you need to choose a contractor and get bids (estimates for the cost of renovations and repairs). After that, you must close the loan and complete the repairs. Once you’ve done that, you’re free to move in.</p> <p>Here's a step-by-step breakdown of <em>how</em> the rehab loan process works:</p> <p><strong>1. Loan Application with an FHA-Approved Lender:</strong></p> <p>Your journey begins by applying for a rehab loan through a lender approved by the Federal Housing Administration (FHA). These loans are subject to specific loan limits, which dictate the maximum amount you can borrow in a single loan.</p> <p><strong>2. Approval Process:</strong></p> <p>Once your application is submitted, it undergoes the standard loan approval process. This involves a thorough evaluation of your financial situation, credit scores, the proposed project's feasibility, and any other additional requirements.</p> <p><strong>3. Contractor Selection and Bids:</strong></p> <p>With your loan approved, you'll need to choose a qualified contractor to handle the renovations and repairs. This phase is pivotal, as it sets the foundation for the entire project.</p> <p>The contractor will provide bids, which are essentially detailed estimates outlining the anticipated renovation and repair costs. These bids help determine the budget constraints within the scope of a single loan.</p> <p><strong>4. Closing the Loan:</strong></p> <p>Once you've obtained a contractor agreement, you'll proceed to the closing phase of the loan process. This entails finalizing the financial aspects and paperwork, such as signing all loan documents, which is a critical step in securing the necessary funding.</p> <p><strong>5. Execution of Renovations and Repairs:</strong></p> <p>With the loan officially closed, you can now commence the crucial phase of executing the planned renovations and repairs. During this stage, it's essential to adhere to the agreed-upon budget and timeline for completion of the renovation project.</p> <p><strong>6. Move-In Ready:</strong></p> <p>Upon successfully completing the repairs and improvement projects, the property will be transformed into a habitable, move-in-ready home. This unique approach allows buyers to revitalize properties in need of attention, thereby enabling them to establish residences in areas they might have previously considered unattainable due to the scarcity of move-in-ready homes.</p> <p><img alt="rehab loans FHA 203k" class="img-fluid" src="https://sleeveuphomes.com/img/contractors-together-to-design-and-cost-housing-project.jpg" /></p> <h2>Rehab Loan Eligibility: How to Get a Rehab Loan?</h2> <p>To qualify for a rehab loan, you must <strong>meet specific loan requirements</strong> outlined by the U.S. Department of Housing and Urban Development (HUD). These loan program eligibility requirements are in place to ensure that borrowers are financially prepared and able to successfully complete their renovation projects while maintaining the financial stability of their home investment.</p> <p>Some of the <em>key</em> criteria for financing eligibility include:</p> <ul> <li><strong>Owner-Occupancy:</strong> FHA 203(k) loans are reserved for owner-occupants, meaning you must intend to live in the property yourself, or in other words, it must be your primary residence. This loan is not available for real estate investors or speculators.</li> <li><strong>Creditworthiness: </strong>Borrowers are typically required to have a credit score that meets or exceeds credit score requirements at a certain threshold. A strong credit history demonstrates your ability to manage debt responsibly, unlike having bad credit scores. Borrowers with credit scores above 500 are usually considered eligible.</li> <li><strong>Debt-to-Income Ratio (DTI):</strong> Your DTI ratio is an important factor in determining your eligibility. It assesses your ability to manage monthly payments by comparing your monthly income to your existing debt repayments. HUD sets specific limits on DTI ratios for FHA 203(k) loan payment income requirements, usually below 43%.</li> <li><strong>Property Eligibility:</strong> The property you intend to purchase and renovate must meet certain standards outlined by HUD during onsite inspections. This includes requirements related to the property's condition and livability, ensuring adequate security and no safety hazards.</li> <li><strong>Work Scope and Costs: </strong>Detailed renovation plans and fix-up cost estimates for the renovation work are essential, including labor costs. The U.S. Department of Housing and Urban Development (HUD) will review these to ensure they are reasonable and necessary for the property's improvement.</li> <li><strong>Licensed Contractors: </strong>You must hire licensed, qualified contractors to carry out the renovation work. This ensures that the work is done professionally and to code.</li> <li><strong>Loan Limits: </strong>Maximum loan limits for FHA 203(k) loans vary by location and restrict the total amount you can borrow through the program.</li> <li><strong>Rehab Mortgage Insurance:</strong> FHA 203(k) borrowers are required to purchase mortgage insurance to protect the lender in case of default. This insurance is divided into two types of mortgage – upfront and ongoing mortgage insurance premiums (MIPS): an initial upfront MIP and a recurring annual MIP, which includes monthly mortgage payments.</li> </ul> <p>Meeting these specific requirements is <em>essential</em> to secure this type of government-backed loan, and it's crucial to work closely with a reputable lender and HUD-approved consultant or FHA-approved 203(k) consultant to navigate the process successfully. By adhering to these criteria, borrowers can access the necessary funding to transform distressed properties into their dream homes.</p> <p></p> <h2>Repairs You Can Do with a Rehab Loan</h2> <p><img alt="home repair using fha rehab loans" class="img-fluid" src="https://sleeveuphomes.com/img/home-repair-using-fha-rehab-loans.jpg" /></p> <p>What are your rehab loan options? There are two types of FHA 203k loans, and the types of repairs and extent of the repair work will depend on the loan type you choose.</p> <h3>1. Limited 203k Rehab Loan</h3> <p>Formerly known as the Streamline 203k, the <strong>Limited 203k loan allows you to do most cosmetic upgrades and repair work</strong>, such as kitchen and bathroom renovations. The stated loan limit is $35,000 (without minimum cost requirement), but an FHA 203k loan requires a<a href="https://sleeveuphomes.com/what-does-contingent-mean-in-real-estate-industry" target="_blank"> contingency</a> equal to 15% of the total bids.</p> <p>This contingency fund is a “just in case” fund to cover unexpected expenses or project costs exceeded by your contractor (cost overruns), and if it isn’t used, it’s credited back to you. This means that your actual maximum loan expenses would be approximately $31,000.</p> <p>With the Limited 203k loan, most non-luxury, non-structural renovations are allowed, including:</p> <ul> <li>Kitchen and bathroom remodels</li> <li>HVAC replacements and other air conditioning upgrades</li> <li>Appliance replacement</li> <li>Flooring and carpet</li> <li>Painting</li> <li>Roofing replacement</li> <li>Energy-efficient home improvements</li> <li>Septic system improvements</li> <li>Repairing health and safety issues, etc.</li> </ul> <p>However, you <strong>can’t do any structural repairs</strong> during the renovation process, like adding more rooms, moving load-bearing walls, or changing the house's footprint. Although this common renovation loan hinders extensive repairs and allows only minor improvements and non-structural repairs, many buyers choose this limited loan type because more lenders offer it and the process is more streamlined than the standard rehabilitation loan.</p> <h3>2. Standard 203k Rehab Loan</h3> <p>With the standard loan option, minor repairs and cosmetic improvements are the tip of the iceberg – you can do almost anything you want to the property except add luxury amenities or non-permanent changes. This includes major renovation projects such as:</p> <ul> <li>Converting a single-family home into a 2-, 3-, or 4-unit house and vice versa</li> <li>Structural changes</li> <li>Energy-efficient upgrades/energy conservation improvements</li> <li>Connecting to public water or sewer</li> <li>Accessibility upgrades</li> <li>Major landscape projects</li> <li>Moving the home to another site, etc.</li> </ul> <h3>Things You Can’t Do with FHA Rehab Loans</h3> <p>Although FHA rehab loan guidelines allow more extensive renovations, some things are unacceptable, such as minor landscaping, projects that take longer than six months, or adding a luxury amenity and other <a href="https://sleeveuphomes.com/cheap-front-yard-landscaping-ideas-to-increase-property-value" target="_blank">creative options</a> like a swimming pool, tennis court, outdoor fireplace, or barbecue area.</p> <p>If that's what you're going for, you might want to consider <em>alternative </em>solutions that could be more suitable, like opting for an equity loan on your home post-purchase or exploring other alternative financing options for renovations.</p> <h2>Using a Rehab Loan for Refinancing</h2> <p>While people typically use a rehab loan when buying a house, it can also be used for refinancing. You can tap into the refinance option. However, to do so, you must have <strong>at least $5,000 in improvements</strong>.</p> <p>The loan lender will arrange for an appraisal that indicates the current property value in its current condition and the anticipated increased value following the improvements. Your maximum refinance loan amount is subject to FHA loan limits on loan amounts and the lowest of the following calculations:</p> <ul> <li>The as-is property value plus rehab expenses</li> <li>The existing debt before rehab plus the assessed cost of allowable closing costs and the cost of improvements</li> <li>110% of the post-improved value multiplied by 97.75%.</li> </ul> <p>The lender must use the acquisition cost plus the documented rehabilitation costs for your maximum loan amount if you've owned the property for less than a year. Moreover, you don’t need an existing FHA loan to use an FHA rehab loan for refinancing</p> <h2>What Are the Benefits of a 203k Rehab Loan?</h2> <p>FHA rehab loans have many benefits. Here are some of the advantages of getting this type of loan:</p> <ul> <li><strong>Return on investment</strong>: A fixer-upper home can accumulate a significant return on investment (ROI) as its value increases from repairs and renovations.</li> <li><strong>Customizing your home</strong>: A limited rehab loan funds non-structural, value-adding changes to personalize the house, including flooring, paint colors, cabinetry, countertops, etc.</li> <li><strong>Fairly lenient qualifications</strong>: FHA 203k loans include fairly lenient requirements regarding credit scores and histories, DTI ratios, and loan limits.</li> <li><strong>Small down payment</strong>: With only 3.5% of the selling price down at closing, 203k loan down payments are considerably lower than conventional fixer-upper loans.</li> </ul> <h3>What Are the Drawbacks of a 203k Rehab Loan?</h3> <p>While rehab loans have many advantages, there are also several potential drawbacks to consider, such as:</p> <ul> <li><strong>A limited number of units in the home</strong>: FHA rehab mortgages allow buyers to buy multi-family houses and mixed-use properties, but they can’t exceed more than four units. These types of properties may be rejected, so this would not be the right financing solution in such cases.</li> <li><strong>Not all upgrades are covered</strong>: All repairs and renovations must be outlined and itemized before approval. It’s a good idea to check the specific cost of repairs and coverage items with an FHA-approved consultant or loan service provider, too, to see if they cover complete renovations.</li> <li><strong>Not great for those who need a move-in-ready home</strong>: Buyers who don’t want to have to make any major changes to their new home, even non-structural repairs, and would prefer a turnkey house would benefit more from other types of loans.</li> </ul> <p><img alt="rehab loans calculation" class="img-fluid" src="https://sleeveuphomes.com/img/calculator-and-house-model-on-blueprint-background.jpg" /></p> <h2>Conventional Rehab Loans</h2> <p>Besides FHA-approved 203k loans, there are also conventional loan options, including<a href="https://www.fanniemae.com/" target="_blank"> Fannie Mae</a>'s HomeStyle Renovation Mortgage and the CHOICERenovation loan from<a href="https://www.freddiemac.com/" target="_blank"> Freddie Mac</a>. What is a conventional loan? </p> <p>Well, these basic loan types provide borrowers with alternative pathways to finance their home renovation projects while offering different terms and credit score requirements. You can learn more about <a href="https://sleeveuphomes.com/fha-vs-conventional-loan" target="_blank">FHA vs. conventional loans</a> in our other blog.</p> <h3>What Is the Interest Rate for Conventional Loans?</h3> <p>The average annual percentage rate (APR) for 30-year fixed-rate conventional mortgages recently fell to 6.891% as of March 2024, while the APR for 15-year fixed-rate mortgages decreased to 6.103%, and the APR for 5-year adjustable-rate mortgages (ARM) dropped to 7.735%. Keep in mind that these rates are subject to change and may vary based on individual creditworthiness and other factors.</p> <h3>Fannie Mae HomeStyle Renovation Mortgage</h3> <p>This conventional loan program's original principal can’t exceed Fannie Mae HomeStyle’s maximum loan limit amount. Borrowers buying a house can’t incur rehab costs more than 75% of the lesser sum of the purchase price of the property plus repair and improvements expenses or the as-completed appraised value of the home.</p> <h3>Freddie Mac CHOICERenovation</h3> <p>These conventional mortgages can also be applied to investment properties or second homes. Similar to Fannie Mae HomeStyle loan program, these mortgage rates are available at a 15- or 30-year term and have a lower DTI, down payment, and credit requirements.</p> <h3>VA renovation loan</h3> <p>The U.S. Department of Veterans Affairs (VA) supports renovation loans tailored for individuals involved in military service and their families. These loans allow eligible homebuyers to potentially purchase a home without a down payment requirement and include renovation costs, covering up to 100% of the home's value after improvements.</p> <p><img alt="using rehab loans for increasing the house value" class="img-fluid" src="https://sleeveuphomes.com/img/rehab-loans.jpg" /></p> <h2>Thinking of Increasing the Value of Your Home?</h2> <p>After reading this article, you should have a good idea about whether a rehab loan would suit you. Numerous traditional loan options may not be practical due to their high loan interest rates, restricted repayment durations, and the presence of balloon payments. While these types of loans can be an excellent option for buyers on a budget, <strong>rehab loans may not be necessary if you’re looking to increase the value of your home to sell it for more money</strong>.</p> <p>There’s a much easier way to sell your house <em>without </em>having to take out a rehab loan to make any improvements to increase its value or deal with mortgage lenders and monthly payments.<a href="https://sleeveuphomes.com/" target="_blank"> SleeveUp Homes</a> will buy your home as-is for top dollar.</p> <p>Check how much you can get for your property by requesting a<a href="https://sleeveuphomes.com/request-offer" target="_blank"> no-obligation cash offer</a> and see for yourself.</p> <h2>Got Any More Questions?</h2> <p>We’ve got the answers to your FAQs.</p> <h3>What Is an FHA 203k Loan?</h3> <p>An FHA 203(k) loan is a government-backed mortgage program that allows borrowers to finance the purchase of a home and the cost of necessary renovations or repairs into a single mortgage.</p> <h3>What Is the Minimum Credit Score for FHA Loans?</h3> <p>The minimum credit score for FHA loans can vary but is typically around 580 to qualify for a 3.5% down payment. However, some lenders may require higher scores, and better scores can result in more favorable loan terms.</p> <h3>What Type of Loan Is a Conventional Loan?</h3> <p>A conventional loan is a traditional mortgage loan that is not guaranteed or insured by the government, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). These loans are typically offered by private lenders and follow guidelines set by Fannie Mae and Freddie Mac.</p> <h3>What's the Difference Between a Conventional Loan and a Regular Loan?</h3> <p>The term "conventional loan" is often used interchangeably with "regular loan." Both refer to mortgage loans offered by private lenders, but "conventional" or "traditional loan" specifically distinguishes conventional loan products from government-backed loans like FHA or VA loans.</p>
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            • short_description Home improvement & financing made easy: Vet the potential of FHA 203(k) loans by learning what a rehab loan is, how it works, and what it takes to apply.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/inspection-contingency" }, "headline": "5 Reasons Why Inspection Contingency Shouldn't Be Waived", "description": "Inspection contingency is the most important part of the sales agreement. Here is everything you need to know about inspections before you sign the contract.", "image": "https://sleeveuphomes.com./files/blog/b60c1260-cb3f-4072-a0f9-4377f1637f80_home-inspecting.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-15", "dateModified": "2022-09-15" } </script> <p>When a new homebuyer searches for a dream property that’s within their budget, they often feel like they have to compromise on many items. And it is true. When you don’t have an unlimited amount of money, you have to make priorities and set reasonable goals. However, inspection contingency shouldn’t be one of those compromises.</p> <p>In this article, we’ve compiled five reasons why you should always check if the house you are about to buy has any major issues. But, before that, let’s unpack the definition and possible benefits of the inspection contingency.</p> <h2>What Is Inspection Contingency?</h2> <p>The sales agreement is a contract between the seller and buyer. This document provides a way out for both parties, and you sign it upon offer acceptance. In that contract, there can be many <a href="https://sleeveuphomes.com/what-does-contingent-mean-in-real-estate-industry">contingency clauses to give you the opportunity to back out of the sale</a> in case something shows on the property research. Clauses can refer to inspection, title search, appraisal, etc.</p> <p>Although each clause is important in its own way, waiving inspection contingency could result in losing a lot of money in the future. But what does it mean to have a contingency clause in your sales contract?</p> <p>Having an inspection contingency clause means that before the sale is final, <strong>a professional and unbiased inspector will go through a property and check everything from the ground up</strong>. They will come with a checklist and write all issues, big or small.</p> <p>From water damage to structural problems, there could be any number of things wrong. No property is perfect, and sellers usually disclose minor problems. Inspection should show you if there have been any undisclosed issues that could cost you hundreds or thousands of dollars once you become an owner.</p> <p>Having an inspection contingency gives you the option to back out of the sale and get your earnest money back If the inspection shows undisclosed defects. You can also make a deal with the seller to have those issues resolved before the sale is closed.</p> <h2>Waiving Contingencies - What Does It Mean?</h2> <p>Contingencies are clauses that guard the earnest money against some unforeseeable event. <strong>If you, as the buyer, do not include them in your sales contract, you agree to go through the sale no matter what issues arise or to lose your earnest money if you want to back out</strong>.</p> <p>The thing with contingencies is - sellers don’t like them as much. So, when the market is hot, and there are several offers on one property, the seller has the power to choose the one with as few contingencies as possible.</p> <p>In times like these, buyers become desperate and waive contingencies to make sure they get the house. However, in some cases, this could bring more headaches than a few more weeks on the market would.</p> <p>The inspection contingency is one of the first contingencies that gets waived when the demand climbs high. People visit the property and think to themselves: what could possibly be that damaged?</p> <p>What they don’t know is that water damage can be easily covered with a fresh coat of paint - but that’s only a short-term solution. Similarly, sellers can cover any number of problems by hiring a professional stager.</p> <h3>What Are the Benefits of Waiving Contingency?</h3> <p>The main benefit of waiving an inspection contingency is that your offer might get picked out before all others. <strong>If the seller has a lot of offers over the asking price, they will not necessarily choose the highest one</strong> but rather the one that will be the quickest to resolve.</p> <p>You might also want to buy the house as fast as possible, and the inspection is not always as fast as you’d want. Not to mention that the pre-sale repairs can sometimes take weeks, if not months.</p> <h2>Five Risks of Waived Inspection Contingency</h2> <h3>1. Compromising Your Family’s Safety</h3> <p>Some issues can be glanced over. However, there are some things that could seriously compromise your safety. Water damage, exposed electrical wires, loose screws, structural problems - you cannot ignore those things for a long time.</p> <p>It is not all about aesthetics, especially when it comes to where you need to feel the safest and not worry about it all crumbling down one by one. An inspection contingency ensures that you don’t buy a house that could affect the comfort and safety of your family negatively.</p> <h3>2. Losing Money on Post-Sale Repairs</h3> <p>If you don’t include an inspection contingency in your sales agreement, you are risking buying a house that needs repairs that you might not be able to afford. Sure, some things are easy to fix, but home renovations are not a cheap endeavor.</p> <p>It is better to know what you’re getting into before you commit to a property that might take thousands of dollars to be safe and issue-free.</p> <h3>3. You Might Not Be Able to Sell the Property</h3> <p>So, you are buying in a hot market, overpaying for a property, and waiving contingencies just so you can get accepted? Well, the tables might be turning, and by the time you want to sell it - your buyers will not waive their inspection contingency.</p> <p>That’s right, in the market that is not as hot and the demand is waning, contingencies are a standard deal. This means - you might not be able to sell the house and get a profit unless you invest those thousands of dollars that we mentioned earlier.</p> <h3>4. Losing Electricity and Ruining House Supplies</h3> <p>Having electrical problems could, in the worst-case scenario, lead to accidents. However, there could be smaller repercussions, such as power outages and other failures. These things can cause breakage of house supplies, water heaters, air conditioning, and other electrical household goods.</p> <h3>5. Living in a House You Can’t Stand</h3> <p>The worst thing about skipping an inspection contingency is that you could wind up living in a house that you hate, not being able to enjoy family moments. Those issues that you overlooked or ignored at the beginning might haunt you later.</p> <p>Getting overwhelmed by the amount of work that needs to be done on a property can cause you to want to move. However, moving and selling a place with issues is, again, hard and sometimes impossible.</p> <h2>Who Pays for the Inspection and Repairs?</h2> <p>Inspection is considered due diligence on an investment, so <strong>the buyer is the one paying for inspection costs</strong>. If inspection shows issues, the seller and the buyer negotiate on the level of repairs that need to be done before the sale closes, and <strong>those repairs are the seller’s obligation</strong>.</p> <p>The seller can cash out before the sale, or they can agree to reduce the asking price and have the buyer take care of it. Negotiating the repairs can be stressful, but agents usually try to find common ground.</p> <h2>Selling a Home and Want to Avoid Inspection Hassle?</h2> <p>When selling a home, particularly an old property, you want to avoid paying for repairs and sell it without the hassle. Inspection shouldn’t be waived, but there is a way to skip the repairs. Your solution is <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We buy properties in all kinds of states, as-are, and we do it fast.</p> <p>Not to mention - we offer top dollar, at least ten grand more than others would. We help you skip additional costs, such as agent fees, repairs, and staging. But, don’t take our word for it - <a href="https://sleeveuphomes.com/request-offer">request an offer</a> and see it for yourself.</p>
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            • short_descriptionUnlock Crucial Insights: Your Guide to Understanding Inspection Contingencies in Sales Agreements. Make Informed Decisions Before Contract Signing.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/fha-vs-conventional-loan" }, "headline": "FHA vs. Conventional Loan: Everything You Need to Know", "description": "FHA vs. conventional loan - which should you choose for your new purchase? Here, we explain the differences between the two to help you make an informed decision.", "image": "https://sleeveuphomes.com/files/blog/7810e37a-41ba-450f-937c-6ebbdb672007_house-model-loan-agreement-coins.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-10-06", "dateModified": "2022-10-06" } </script> <p>A home is typically the most significant investment a person makes in their life, and the majority of people require a loan to finance the purchase. The type of mortgage you get impacts your interest rate, conditions, qualification requirements, and, finally, the kind of home you can afford.</p> <p>Usually, FHA and conventional loans are two of the most commonly used types of loans. But what's the difference between an <strong>FHA vs. a conventional loan</strong>? This article uncovers the intricacies of these two types of mortgages so you can determine which one is the option that meets your requirements and circumstances.</p> <h2>What Is an FHA Loan?</h2> <p><strong>Federal Housing Administration (FHA) loans are guaranteed by the United States government</strong> and made available by FHA-approved lenders such as banks, credit unions, and other lending institutions. FHA loans are intended for borrowers who have limited available funds or a low credit score. There are also particular <a href="https://sleeveuphomes.com/rehab-loan">FHA loan</a> categories that can be used to fund future construction or the renovation of a current home.</p> <p>Since FHA loans are federally insured, they can offer more favorable conditions, such as lower interest rates, to borrowers who wouldn't be able to get a home loan in any other way. This means that it is easier to qualify for an FHA loan in comparison to a conventional loan.</p> <p>Some of the advantages of FHA loans are decreased down payments, easier lending requirements, and reduced interest rates. The disadvantages of FHA loans are that mortgage insurance is required, it is used only for primary residences, and it has limited loan amounts.</p> <h2>What Is a Conventional Loan?</h2> <p>Conventional loans are mortgages that are not guaranteed by the United States government. Typically, conventional mortgages are <strong>available to borrowers with established, excellent credit standing and stable finances</strong>.</p> <p>Private mortgage lenders, including banks, credit unions, and other financial organizations, are financing conventional loans. Because the federal government does not guarantee conventional loans, they present a higher risk to lenders, and that's why they offer conventional mortgages only to clients with the best financial profiles.</p> <p>The down payment, the user's preferred mortgage type, and the state of the market all affect the interest rate on a conventional loan. A large percentage of conventional loans have fixed interest rates, which implies that they remain constant during the loan.</p> <p>Conventional loan advantages are that mortgage insurance is based on equity, it is not just for primary residences, and there is the possibility of lending more.</p> <p>The disadvantages of conventional loans are stricter lending criteria, the fact that you must have a higher credit score to qualify, and a lower debt-to-income ratio is required.</p> <p>Moreover, conventional loans are classified into two types: conforming and non-conforming.</p> <h2>How to Qualify for FHA vs. Conventional Loan</h2> <h3>Debt-to-Income Ratios</h3> <p><strong>Your debt-to-income (DTI) ratio is the percentage of your monthly pre-tax income</strong> that you spend on debt repayment, which includes your mortgage. The higher your DTI, the more probable it is that you will have difficulty paying your expenses.</p> <p>To qualify for an FHA loan, your debt-to-income ratio must be 50% or less. Conventional loans, in some cases, allow debt-to-income ratios of up to 50%, but DTIs of 43% or less are more likely to be approved.</p> <h3>Credit Scores</h3> <p><strong>FHA loans are typically easier to qualify for</strong>, requiring only a credit score of 580. On the other hand, a credit score of 620 or higher is usually required for conventional loans.</p> <p>The lender will determine the credit score required for either type of loan. Even though the FHA sets minimum scores, lenders may require a higher minimum. Note that with a higher credit score, you'll be offered a lower interest rate on both conventional and FHA loans.</p> <h3>Mortgage Insurance</h3> <p>Mortgage insurance may be required based on the conditions of your loan and the size of your down payment. Mortgage insurance, unlike other types of insurance, doesn't protect you. It secures the lender in case you are unable to make payments.</p> <p>Despite the amount of the down payment, FHA loan borrowers must pay the required mortgage insurance premiums. In addition, if you put down less than 20% on a conventional loan, you must pay private mortgage insurance.</p> <h3>Minimum Down Payments</h3> <p>If your credit score is 580 or higher, FHA loans require a 3.5% down payment. Those with scores between 500 and 579, however, must pay 10%. Only a primary house may be purchased using an FHA loan.</p> <h3>Loan Limitations</h3> <p>You can only borrow a certain amount with conventional and FHA loans, and county-specific maximum loan amounts apply. Loan limits are adjusted on an annual basis.</p> <h2>What Is the Difference Between an FHA vs. Conventional Loan?</h2> <p>Here are some key differences to take into account when looking for a mortgage for your next home. Keep in mind that both types of loans have benefits, but qualification criteria vary.</p> <p>In general, <strong>FHA loans</strong> are easier to qualify for and allow for lower credit scores than <strong>conventional loans</strong>, but conventional loans are typically less expensive.</p> <p>The government does not insure or guarantee conventional loans. Because of that, these loans have stricter lending criteria and require a higher down payment than FHA loans. In comparison to conventional loans, FHA loans are easier to get. A conventional loan requires a higher credit score, a lower debt-to-income ratio, and a higher down payment.</p> <p>On the other hand, it's important to know - FHA loans can only finance a primary residence, while conventional loans can finance a primary residence, a vacation home, rental property, etc.</p> <p>So, it all depends on the circumstances. Every lender is different, as is every financial situation. Accordingly, each loan has advantages. FHA loans are easier to apply for, but if you meet the criteria for a conventional loan, it will probably be more cost-effective.</p> <h2>Why Do Sellers Favor Conventional Loans over FHA Loans?</h2> <p>Homebuyers who obtain conventional financing are viewed as more secure by some sellers than borrowers who qualify for an FHA loan. This is because some may regard FHA loans as a last resort for lenders who are unable to qualify for another loan. In reality, getting an FHA loan may make more financial sense than getting a conventional loan, although the borrower qualifies for both.</p> <h2>It All Comes Down to Your Financial Situation</h2> <p>You can finance home purchases with FHA loans and conventional loans, but there are differences between them. In the end, your financial situation will probably determine whether you choose an FHA loan or a conventional loan.</p> <p>If you have a relatively low credit score or less money saved for a deposit, an FHA loan may be a wiser choice. A conventional loan, on the other hand, might be more suitable if your funds are in order and you can meet the criteria for desirable loan terms.</p> <p>If you want to skip all the hustle that comes with selling your old home, applying for a new loan, and all that comes with it, consider selling your house to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We'll buy your house as-is for top dollar, so you can rest assured you'll be getting your home's true value in cash. To see how much you can get, request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and make your decision.</p>
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            • short_descriptionFHA vs. Conventional Loan: Which Is Right for Your New Home Purchase? Explore the Contrasts to Make an Informed Choice.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/seller-concessions" }, "headline": "Frequently Asked Questions About Seller Concessions", "description": "When buying a house, closing costs can surprise you. To minimize closing costs, read this article to learn more about seller concessions.", "image": "https://sleeveuphomes.com/files/blog/025bab34-22d2-4ef6-a62f-1b9eb48c470f_real-estate-agent-showing-property.jpgWhen buying a house, closing costs can surprise you. To minimize closing costs, read this article to learn more about seller concessions.", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-30", "dateModified": "2022-10-30" } </script> <p>Buying a house is the most significant expense that most Americans experience in their life. Very few people are able to afford to pay in cash, so they opt for mortgages or other kinds of financing. However, they don’t realize that expenses await at every corner of the closing process. Seller’s concessions are the one thing that can help you manage all those closing costs you usually have to pay in cash.</p> <p>It is important to know the market conditions and to understand the pros and cons of seller concessions before you include them in your offer. For starters, let’s explain what seller concessions are.</p> <h2>What are Seller Concessions?</h2> <p>Seller concessions are cost reductions that the seller agrees to pay for the buyer. There are many different costs associated with closing a sale, from taxes and fees to hiring experts to help you make the right decision.</p> <p>Buyers often get overwhelmed with the amount of money they need to prepare on top of the down payment and a mortgage. So, when the market conditions allow, they can ask the seller to help them out in order to speed up the process and make a transaction sooner.</p> <p>Depending on the deal the seller and the buyer make, a seller concession can be expressed in the form of one (or more) particular fees paid, or it can be a percentage of all closing costs. For example, a buyer can ask the seller to pay for an inspector to come and inspect the property. On the other hand, a buyer can say: ‘’Hey, I’ll pay for everything, and when all is set and done, you’ll pay 10%’’.</p> <h2>Closing Costs - What Are They and How Much Do They Cost?</h2> <p>It is a known fact that buying a house is a stressful process. Closing costs are one of those things that everyone dreads about buying a home—and it’s understandable why. They add up quickly, and if you don’t know what you’re doing, you might end up paying too much. But there are ways to minimize your closing costs, and seller concession is one of those ways.</p> <p>The closing cost amount varies based on the type of property being purchased, the size of the down payment, and the number of items included in the purchase price. For example, homebuyers purchasing a single-family residence with a 20% down payment will pay less closing costs than buyers purchasing a multi-family building with no down payment.</p> <h2>Closing Costs That Sellers Can Cover</h2> <p>It is unlikely that the seller will be eager to pay for any closing costs in a saturated market. When there are a lot of potential buyers and a handful of properties, sellers have more control over the terms of the sale. However, seller concessions are more popular with decreasing demand. Here are some closing costs that sellers could be paying.</p> <h3></h3> <p>Discount points are essentially interest paid upfront to reduce the total cost of borrowing. For example, say you had $10,000 towards a down payment and closing costs. If you applied for a 5/25 ARM with 0.5 points, you’d pay $100 in discount points. You can make a deal with the seller to pay for discount points.</p> <p>If there are not a lot of offers, the seller might be motivated to pay for your discount points so as to speed up the selling process. Seller concessions are entirely up to the seller’s goodwill. Consider the fact that discount points are completely optional fees and that it might be safer to ask the seller to cover more necessary expenses.</p> <h3>Title Search</h3> <p>Having the seller pay for a title search could save you a few hundred dollars. Real estate agents will often charge you an additional fee for a title search. You could also work with a lawyer to ensure everything is on the books and recorded correctly.</p> <p>Title search in and of itself is not as expensive, especially if the search turns uneventful. This makes it one of the costs most likely to be covered by seller concessions, as it amounts from $50 to $200.</p> <h3>Appraisal Fees</h3> <p>An appraiser charges between $300 - $450 for each inspection. This includes preparing the report, reviewing it, writing up findings, and providing recommendations. Some appraisers offer additional services such as property valuation, home staging, interior design consultation, etc., depending on what you are looking to accomplish.</p> <p>This could be a fair deal to ask the seller to cover, especially if they haven’t done a pre-sale appraisal. $300 out of the seller’s pocket could save you some money for remodeling later.</p> <h3>Inspection</h3> <p>The inspection cost usually goes out of the buyer’s pocket. However, the cost of fixing the issues that come up during the inspection is on the seller. The two parties can agree on one of the two solutions - the seller might pay for the fixes themselves, or they can decrease the price for the cost of repairs.</p> <h3>Recording Fees</h3> <p>Real estate transactions require recording fees. Depending on the property type, a fee is charged for recording deeds. A deed is required to convey title to real estate. If you are buying or selling a home, it is important to understand what each party must pay for the transaction.</p> <p>However, you might be able to work on a deal with the seller and have them pay for the whole amount. The recording cost is not as expensive, but it can add up to a couple of hundred dollars.</p> <h2>Seller Concessions: Bull vs Bear Market</h2> <p>Because there are several available houses that sellers are eager to sell, <strong>buyers have the advantage in a buyer's market - bear</strong>. Supply is higher than demand, therefore, buyers have an easier time persuading sellers to reduce their asking prices or agree on seller concessions. On the other hand, a seller's market occurs when there are <strong>more buyers than available houses to sell - bull</strong>.</p> <p>Seller concessions are offered in both buyer's and seller's markets, but they are more common in buyer's markets. In a market where there are many sellers, a buyer who requests a seller concession may lose the home they want to another bidder who is willing to pay more.</p> <h2>Sell a Home Without Concessions</h2> <p>If you are currently selling a property in California, you might be thinking about agreeing to some concessions. To avoid paying closing costs for your buyer - contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>.</p> <p>Not only that we offer $10,000 more than others - and guaranteed - but we also make it as easy as possible for you to sell your house without unnecessary fees. We want to help you upscale, so don’t be shy - <a href="https://sleeveuphomes.com/request-offer">request an offer</a> today and see it for yourself!</p>
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            • short_descriptionWhen buying a house, closing costs can surprise you. To minimize closing costs, read this article to learn more about seller concessions.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/should-i-sell-my-house-now" }, "headline": "Should I Sell My House Now or Wait for 2023?", "description": "Are you asking yourself – should I sell my house now or wait? Then continue reading for some housing market tips and real estate predictions for 2023.", "image": "https://sleeveuphomes.com/files/blog/b66bb714-bef4-4200-ae23-b3e95b7bacb9_house-selling.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-10-19", "dateModified": "2022-10-19" } </script> <p><meta charset="utf-8" />With the way mortgage rates are going and the current level of inflation, you’re not alone in simply trying to make ends meet. The question – should I sell my house now? – has likely crossed your mind. It’s a seller’s market after all and the large influx of cash would be good for anyone, be it to buy new property or simply to take care of outstanding debts.</p> <p></p> <p dir="ltr">On the other hand, rent prices are skyrocketing across the US. So, if you are forced to rent, how long will the money last you? Is it better to wait and hope the economy turns around? Maybe you see how home prices are rising and think you could do better in a year or so? But will the housing market crash in 2023? All of these are valid questions and deliberations.</p> <p></p> <p dir="ltr">In short, there is no uniform answer to the question should I sell my house now? It depends on your specific circumstances. However, this article will try to answer the questions posed above and explain everything you should factor in before making your decision.</p> <h2 dir="ltr">What Does Conventional Wisdom Say on Selling Real Estate in 2022?</h2> <p dir="ltr">Before we get to experts’ opinions, let's explore what regular US citizens think on the topic. Fannie Mae conducts monthly surveys to calculate the Home Purchase Sentiment Index. According to the relevant<a href="https://www.fanniemae.com/media/44791/display"> data from September</a>:</p> <ul> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">59% of respondents believe it is currently a good time to sell a house;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">35% of respondents believe that housing prices will go down in the next 12 months.</p> </li> </ul> <p></p> <p dir="ltr">Consequently, if you were to ask Americans – is it a good time to sell a house?, most would respond with – yes. But, the second number is more interesting. 35% of respondents believe that home prices will go down in the next 12 months, as opposed to 32% that believe they will go up.</p> <p></p> <p dir="ltr">This is the first time since the start of the pandemic in 2020 and then in 2011 before that, that more people than not believe prices will decline. This expectation likely influences the opinion that now is a good time to sell a house.</p> <p></p> <p dir="ltr">In summary, <strong>59% of Americans believe 2022 is a good time to sell property, partially driven by the expectation that prices will decline in the next 12 months</strong>.</p> <h2 dir="ltr">What Does Data from the National Association of Realtors Show?</h2> <p dir="ltr">The National Association of Realtors (NAR) aggregates nationwide statistics and calculates monthly median prices for existing-home sales and the number of homes sold, among other data. The latest set of data, from<a href="https://www.nar.realtor/newsroom/existing-home-sales-slipped-0-4-in-august"> August 2022</a>, shows that:</p> <ul> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Existing-home sales decreased by 0.4% from July to August 2022;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">Existing-home sales decreased by 19.9% from 2021;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">The median price increased by 7.7% from August of 2021 to $389,500;</p> </li> <li aria-level="1" dir="ltr"> <p dir="ltr" role="presentation">The median sales price declined from June of 2022 (when it reached $413,800).</p> </li> </ul> <h3 dir="ltr">What Can Be Gleaned from These Numbers?</h3> <p dir="ltr">That fewer and fewer houses are being sold, both on a monthly and yearly level, likely due to low inventory and rising interest rates. Additionally, home prices continue to rise year-over-year (August was the 126th month of consecutive year-over-year sale price increases, which is the longest streak in US history).</p> <p></p> <p dir="ltr">On the other hand, the median sale price declined from $413,800 in June to $389,500 in August, so prices have dipped. However, this is likely because<a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house"> early summer is the peak season for selling real estate</a> and prices tend to drop in the later seasons.</p> <p></p> <p dir="ltr">Consequently, the two-month drop in prices should not be taken as an indicator (at the very least, not a major one) of a price-dropping trend that will continue year-over-year. That being said, <strong>if you intend to sell your house but are unsure if you can wait until 2023’s peak season, now is the right time to sell your house</strong>.</p> <p></p> <p dir="ltr">More than likely, prices will continue to cool as winter approaches because that is a regular seasonal trend.</p> <p dir="ltr">What Are Experts’ Forecasts for 2023?</p> <p dir="ltr">Redfin’s chief economist Daryl Fairweather gave an<a href="https://theescapehome.com/a-crystal-ball-to-make-sense-of-the-real-estate-market-pt-2/"> interview for the Escape Home</a> on September 14, where she was asked to give a prediction for the next 6 months. Here is her answer in full:</p> <p></p> <p dir="ltr"><em>“It really depends on the course of the economy. If inflation is persistent and the Fed has to continue to raise interest rates to fight it even more than they’re planning now, then interest rates will go up and the housing market will suffer. If inflation starts to subside and the Fed can back off when it comes to interest rate increases, then I think things will probably flatten out and we will have home values basically at the same level they were last year going into 2023. If we’re in a recession — if it’s a mild recession I think it will be the same scenario because interest rates will go down which will prompt some people to buy homes, at the same time the recession itself will cool demand so I think it will be kind of a wash. If we have a severe recession then I think the housing market could see prices decline by 5%.”</em></p> <p></p> <p dir="ltr">In short, Redfin’s chief economist believes that prices will likely either stay the same or decline going into 2023.</p> <p></p> <p dir="ltr">Zillow conducts quarterly Home Price Inspection Surveys, where it asks economists and housing experts for real estate market predictions. In the<a href="https://www.zillow.com/research/zhpe-q3-2022-buyers-market-31481/#_ftn1"> latest survey</a>, 107 experts were polled. Their opinions are somewhat similar to Daryl Fairweather’s.</p> <p></p> <p dir="ltr">All 107 respondents expect home price deceleration in 2023 (in other words, that home prices will not continue to rise at the rate they have been rising in the previous few years). Further, 56% of the respondents believe that there will be shifts in the housing market in buyers’ favor in 2023.</p> <p></p> <p dir="ltr">So will the housing market crash in 2023? Neither Redfin’s nor Zillow’s experts have stated that they foresee a market crash in 2023. However, they do predict that <strong>the housing market will not be as favorable for sellers as it was this year</strong>.</p> <h2 dir="ltr">What Are the Reasons You Wish to Sell Real Estate?</h2> <p dir="ltr">We’ve provided you with data on peoples’ expectations and beliefs, the real estate trends of this and previous years, and experts’ opinions. However, that still doesn’t paint the full picture and answer – should I sell my house now? For that, you need to consider your specific situation. Why do you wish to sell your house?</p> <p></p> <p dir="ltr">Are you unable to make your mortgage payments and are afraid you’ll be facing foreclosure? In that case, if you have exhausted your other options, your best choice is likely to sell. If it gets to the point that a bank forecloses on your house, you will probably get less money than you would have otherwise and your credit score will be extremely difficult to repair.</p> <p></p> <p dir="ltr">Are you relocating and need to purchase a new home in the next few months? Then right now is likely the best time to sell. Home prices will continue to decline in late fall and winter, as that is the standard seasonal trend. Thus, if you will be selling property relatively soon, it is best to make it now.</p> <p></p> <p dir="ltr">Are you in no rush to sell, just wish to make the highest profit? Maybe you wish to<a href="https://sleeveuphomes.com/the-home-selling-conundrum-should-i-sell-my-house-as-is-or-fix-it-up"> fix it up before you sell</a>? Then you could wait for 2023. However, you’ve read the market predictions – while experts don’t expect a crash in 2023, they do not seem to be of the opinion that home prices will continue to rise as they have been up until now.</p> <p></p> <p dir="ltr">In essence, factor in your specific circumstances before you make a decision.</p> <h3 dir="ltr">Talk to a Local Real Estate Agent You Trust</h3> <p dir="ltr">Finally, everything in this article has been about national trends and projections. That does not mean your local housing market will necessarily follow the same course. If you have a realtor you trust, ask them for their opinion on the matter so you can make an informed decision.</p> <h2 dir="ltr">Should I Sell My House Now or Wait Until 2023?</h2> <p dir="ltr">We can’t make the decision for you, but we can buy your house for the highest price when you do decide to sell.<a href="https://sleeveuphomes.com/faqs"> SleeveUp Homes</a> will buy your home as-is for top dollar. You don’t need to make any repairs and we guarantee $10,000 more than any other offer you’ve received.</p> <p><br /> Because you are selling directly to us, you will not need to pay the closing costs or realtor commissions. And if you are in a hurry to sell, we can close in as little as 7 days.<a href="https://sleeveuphomes.com/request-offer"> Request a no-obligation cash offer</a> and see how much you can get for your home.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/home-inspection-checklist" }, "headline": "Home Inspection Checklist: What Do Home Inspectors Look For?", "description": "A home inspection will protect you from unpleasant future surprises. Here’s a home inspection checklist so you can know what to look for.", "image": "https://sleeveuphomes.com/files/blog/5618ecdc-dc8b-4e8f-9bec-d7a1773b9811_home-inspector.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-10-27", "dateModified": "2022-10-27" } </script> <p>What you see isn’t exactly what you get when it comes to buying a home. You’ll see freshly painted walls, colorful flowers, gleaming hardwood floors, and other superficial things. However, you won’t see ancient plumbing, foundation cracks, broken appliances, and other defects that can be revealed when you do a home inspection.</p> <p>However, a home inspection can be pretty demanding. So, we’ve created a <strong>home inspection checklist</strong> to help transition you into your new home without worries.</p> <h2>What Is a Home Inspection?</h2> <p>A home inspection refers to an assessment of a newly bought house for any potential problems. A professional inspector usually conducts this process and provides a full status report on the property.</p> <p>The goal of a home inspection is to <strong>discover any issues within the home</strong> before the end of the closing process, offering the buyer and the seller an opportunity to renegotiate or even give up on the transaction if needed.</p> <p>Although it may sound frightening, a home inspection is one of the best precautions for homebuyers. And many times, inspections don’t reveal any unpleasant surprises. However, when they do, the buyer can negotiate with the seller about a potential repair, and any fixes can be checked over in the final walkthrough.</p> <p>Even if you have a good feeling about the home, it’s vital to get a home inspection as it can protect you and your wallet from unpleasant surprises in the future. That’s especially true if you’re <a href="https://sleeveuphomes.com/downsizing-home-checklist">downsizing your home</a>. And if you’re a seller, here are the <a href="https://sleeveuphomes.com/best-way-to-prepare-for-an-inspection">best ways to prepare for inspection</a> to ensure it runs smoothly.</p> <h2>What Are Home Inspection Contingencies?</h2> <p>A <a href="https://sleeveuphomes.com/inspection-contingency">home inspection contingency</a> is a clause you can add to a real estate contract, stating that the purchase deal is contingent upon the result of the inspection. If the results are unsatisfactory in any way, the contingency provides the buyer with the <strong>right to negotiate repairs or completely back out of the transaction</strong>.</p> <p>If you include a home inspection contingency in your contract, you’ll have a timeframe in which the inspection has to occur and any following assessments. Around one to two weeks is a typical period.</p> <p>If the inspection and follow-up evaluation discover any deal-breaker issues, you can give up on the deal with no consequences at all. That’s why inspection contingencies are excellent for protecting yourself against unpleasant surprises.</p> <h2>How to Hire a Home Inspector?</h2> <p>Before hiring an inspector, ask for a sample report. This way you can see what the inspector includes and evaluate their comments. Pay special attention if the report seems vague. Ask the inspector what’s included in and excluded from the inspection. And if you have specific concerns about the property, make sure to address those items in your inspection.</p> <p>Your purchase contract should include an inspection contingency that provides you with a number of days to complete an inspection. Note that if properties in your location are selling fast, you may have only a few days. On the other hand, if the market is slow, you might get a week or even two.</p> <p>Choosing an inspector early will help you schedule the inspection as soon as possible. Keep in mind that excellent inspectors may be in high demand. That’s especially true in the spring.</p> <p>Depending on the property’s size, the cost for an average home inspection is between $350 and $600. Moreover, you need to budget for any additional examinations if the inspector reveals issues or mentions problems that warrant further investigations.</p> <h2>The Ultimate Home Inspection Checklist</h2> <p>Here’s the ultimate home inspection checklist that will help you pay attention to common trouble spots when it comes to evaluating your new home.</p> <h3>Outside the Home</h3> <ul> <li><strong>Exterior</strong>: Make sure to check whether the gutters and downspouts are properly attached and drain away from the home. Also, pay attention to the siding on the home. This should be in good condition.</li> <li><strong>Roof</strong>: When checking the roof, your home inspector should look for any dark spots or moss. Also, he needs to see whether some tiles and shingles are missing. You may also want to ask when the roof was last replaced.</li> <li><strong>Foundation</strong>: When checking the foundation, it’s important to look for any big cracks and pay attention to whether the trees are close to it. Also, notice if any parts of the ground near the foundation seem sunken, squishy, or soggy.</li> <li><strong>Doors and windows</strong>: Do doors and windows on the home open and close easily, or do they seem misaligned? Are there any signs of moisture between the panes or around the frames? These are some questions you may want to ask regarding windows and doors.</li> </ul> <h3>Inside the Home</h3> <ul> <li><strong>Smells</strong>: If you notice any unusual scents, it can indicate the presence of mildew or mold, so pay attention to how the house smells.</li> <li><strong>Basement and attic</strong>: When checking the basement and attic, you’ll want to pay special attention to any signs of moisture or water intrusion. And if they are unfinished, check if the insulation is in good condition.</li> <li><strong>Cooling and heating</strong>: When it comes to cooling and heating, you need to check what systems are being used and whether they are functional. Looking for a serial number will let you know about the system’s age.</li> <li><strong>Plumbing</strong>: Check the air pressure and whether the fixtures work. Also, pay attention to signs of leaks in under-sink cabinets and the age of the water heater.</li> <li><strong>Electrical</strong>: Look at whether all light switches work and the outlets are grounded. Also, check if the home has older electrical panes, newer, or both because outdated wiring can be hazardous.</li> </ul> <h2>What Is Excluded from a Home Inspection?</h2> <p>Although the home inspection is thorough, a few things are excluded, such as internet service, landscaping, and sprinkler systems. Such things are excluded from a home inspection because <strong>inspectors are more focused on reviewing the home itself</strong>, rather than features that can be considered extras. Fortunately, you can check these items during a walkthrough.</p> <p>Depending on the property or inspector, several other areas may be excluded from an inspection, such as flooring hidden by carpet, the fireplace or chimney, roofing covered by snow, and sometimes pests.</p> <p>Your safest bet to ensure these areas are working in order before buying a home is to ask the inspector to move carpet or snow or hire an expert on pest control. Although this may seem overwhelming, it can protect you from future unpleasant surprises.</p> <h2>What to Do once You Complete the Home Inspection Checklist</h2> <p>Home inspection is a critical step to take before buying a new house. But you should also consider these vital actions once the inspection is done.</p> <h3>Add an Inspection Contingency</h3> <p>Protecting yourself by ensuring there’s an inspection contingency in your purchase contract will give you time to complete necessary inspections and get estimates of required repairs. It will also allow you to negotiate with the seller or give up on the transaction if any unsurmountable issue pops up.</p> <p>If fixes are necessary, decide which one is more urgent and negotiate it with your seller. For example, you can ask them to complete the repairs. However, to keep the sale moving and give you control over the work, you need to request a credit due at closing or a reduction in the sale price.</p> <h3>Pay Attention to Seller's Disclosures</h3> <p>Sellers are typically required to disclose any familiar property defects, which can also include information about the neighborhood or neighbors. Often, a real estate agent will give you a copy of the disclosure once you’ve made an offer.</p> <p>There are dramatic variations in what states ask sellers to disclose, and having a disclosure requirement doesn’t mean the seller will actually honor it.</p> <h2>Home Inspection Protects the Buyer</h2> <p>Since home inspections exist to protect the buyer from unseen issues in the property, it’s vital to hire a home inspector before purchasing your new house. This way, you will avoid any unpleasant surprises regarding the home in the future.</p> <p>If you need to sell your home before buying your new one, consider selling it to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>, as we’ll buy it as-is for top dollar. This way, you will have some extra cash to invest in your new home.</p> <p>Moreover, you can bypass home inspections since we’ll buy your home in its current state without the need for any improvements. This will save you both time and money, which can benefit you in the long run. To see how much you can get for the home you want to sell, request a no-obligation <a href="https://sleeveuphomes.com/request-offer">cash offer</a> and then make your decision.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/ultimate-real-estate-vocabulary" }, "headline": "The Ultimate Real Estate Vocabulary: All the Terms You Want to Know", "description": "Is real estate jargon getting the better of you? Enter the ultimate real estate vocabulary – an online glossary with over 60 key real estate terms explained.", "image": "https://sleeveuphomes.com/files/blog/0438cc7e-bcdb-48da-a9c9-d9ab286390b2_real-estate-agent-satisfied.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://www.linkedin.com/in/zachariah-peterson-391895142/" }, "publisher": { "@type": "Organization", "name": "https://sleeveuphomes.com/", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-11-08", "dateModified": "2022-11-08" } </script> <p>Real estate is an industry full of mind-boggling jargon with its galaxy of unique terminology, abbreviations, and acronyms that can pour even more confusion fuel on the fire of an already complex subject. <strong>Learning all the ins and outs of real estate vocabulary can feel like learning another language. Don’t worry – we’ve got you covered.</strong></p> <p>Whether you’re thinking about buying or selling a home or have just started dipping your toes into real estate waters, we’ve gathered an extensive list of all the essential terms under one roof and wrapped them up in a comprehensive, evergreen real estate glossary to help you cut through the most commonly used industry lingo and learn the ropes. </p> <p>Oh, and you might want to <em>bookmark </em>this page for future reference – it will certainly come in handy more than once.</p> <h2>Key Real Estate Terms 101: Real Estate Terminology and Definitions from A-Z</h2> <p><strong>Our all-in-one real estate glossary contains over 60 of the most common real estate terms and expressions</strong> you are most likely to hear when buying or selling property and will definitely <em>need</em> to know if you’re thinking about starting a real estate career, wondering “How do I talk like a real estate agent?” To simplify things, we’ve organized them in alphabetical order, from A-Z, to easily find any specific terms you might be looking for.</p> <p>Unfortunately, simply flaunting big words is not enough, as a big portion of the real estate slang phrases and terminology often ends up misunderstood or misused. We’ll explain each real estate wording puzzle by providing their respective <em>definitions</em> to ensure you get a handle on all the new terms we're about to introduce you to and talk the talk.</p> <p>Ready? Let’s dive right in.</p> <h3>Adjustable-Rate Mortgage (ARM)</h3> <p>An adjustable-rate mortgage, also known as a floating mortgage or variable-rate mortgage, is a loan with a flexible interest rate that can periodically change over time along with any market fluctuations.</p> <h3>After Repaired Value (ARV)</h3> <p>An abbreviation of the real estate term “After Repaired Value”, referring to the value of a property after it has been rehabbed, determined by an appraiser before the repairs take place, based on a list of the proposed repairs. To learn more about financing options for rehabbing a property, see this blog post on <a href="https://sleeveuphomes.com/rehab-loan">Rehab Loans</a>.</p> <h3>Amortization</h3> <p>In real estate, amortization refers to the process of gradually reducing a mortgage loan debt over time by establishing scheduled monthly loan payments. With an amortized loan, payments made around the beginning of the loan primarily go toward interest, while later on, they will go toward the principal loan amount.</p> <h3>Annual percentage rate (APR)</h3> <p>The sum of the annual cost (yearly interest) of a loan to a borrower or investor for a specific year, expressed in percentages. Unlike the interest rate, APR includes fees and additional costs associated with the transaction, such as mortgage insurance, closing costs, discount points, and loan origination fees.</p> <h3>Appraisal</h3> <p>A real estate appraisal is an expert’s estimation of a property’s current value (worth) based on a range of factors, such as the price of similar properties in the area.</p> <h3>Appraised Value</h3> <p>The appraised value of a property represents an expert’s approximation of a home's fair market value. Or, in layman's terms, what a buyer might expect to pay for a property listed for sale on the market.</p> <h3>Appraiser</h3> <p>A person who analyzes the current value of a property based on numerous factors, such as the price of similar properties in the area that were recently sold, to provide an objective assessment of the property’s worth.</p> <h3>Appreciation</h3> <p>The increase in a property's value over time. For example, home appreciation refers to the increase in value of a house or investment property over a certain period of time.</p> <h3>As-is</h3> <p>A real estate term used to describe a property listed for sale in its current state. This means that any issues with the home will not be addressed or resolved by the seller – the buyer gets it exactly as it is, with no responsibility on the seller to repair the property before the sale.</p> <h3>Assessed Value</h3> <p>The value of a property for tax purposes. The assessed value is estimated by an assessor to determine property taxes, which increase along with the assessed value of a property.</p> <h3>Assessment</h3> <p>Assessments are relative measures of value used to establish how a property will be taxed by the local government based on its worth.</p> <h3>Assessor</h3> <p>Like an appraiser, an assessor is an individual that determines the fair value of a property on behalf of the local government for tax purposes. </p> <h3>Blind Offer</h3> <p>An offer made by a buyer without seeing the property in person.</p> <h3>BOM</h3> <p>An acronym that stands for “Back on the Market.” The BOM real estate term is an abbreviation commonly used by real estate agents, indicating that a property that was previosuly in contract to be sold (listed and taken off the market) is now available again for sale.</p> <h3>Borrower</h3> <p>A party (a person or business) in a real estate transaction taking out a loan or mortgage with the intent to pay it back within an agreed time frame.</p> <h3>Bridge Loan</h3> <p>A quick, high-interest loan that buyers can use to make a down payment on a new property they want to buy, while the property they currently own is listed on the market, and awaiting sale.</p> <h3>(Real Estate) Broker</h3> <p>A qualified, licensed real estate agent that represents a seller or buyer in a real estate transaction. Real estate brokers can work independently or under a licensed Broker (brokerage) firm and get paid a commission.</p> <h3>Brokerage</h3> <p>The term brokerage can refer to the business of acting as a broker, a fee or commission charged by a broker, or a company that buys or sells goods or assets for clients.</p> <h3>Buyer’s Agent / Listing Agent</h3> <p>A real estate agent hired by a property buyer to represent them in a real estate transaction.</p> <h3>Capitalization (Cap) Rate</h3> <p>Capitalization Rate, or simply Cap Rate for short, is usually calculated for commercial real estate purposes to get the rate of return expected on a real estate investment property, expressed in percentages.</p> <h3>Closing</h3> <p>In real estate terms, closing refers to the final step of a real estate transaction, when a property is purchased and the rights to it are legally transferred from the seller to the buyer.</p> <h3>Closing Costs</h3> <p>The fees required for finalizing a real estate transaction, such as the purchase of a property.</p> <h3>Commission</h3> <p>The negotiable commission percentage a real estate agent makes at the closing of a transaction, usually ranging somewhere between 4-6% of the property’s sale price.</p> <h3>Comparable Market Analysis (CMA)</h3> <p>An evaluation of recently sold properties (also known as “comparables”) similar to and nearby a property intended to be bought or sold. Buyers, sellers, and real estate agents often perform a CMA before buying or selling a home to determine a price estimate based on current market activity, which can, later on, be used as a guide for pricing the property.</p> <h3>Comparables (Comps, Sales Comps)</h3> <p>The term “comparables,” as the name implies, refers to the process of comparing the prices of recently sold properties nearby a property currently being evaluated for buying or selling purposes with similar characteristics.</p> <h3>Contingency</h3> <p>A loan contingency also referred to as a mortgage contingency, is a clause or addendum in an offer contract that allows a buyer to back out of a deal and keep their deposit if they are unable to secure a mortgage with specified terms during the fixed, agreed on period.</p> <h3>Conventional Mortgage / Conventional Loan</h3> <p>A type of home buyer’s loan not backed by a government agency such as the Federal Housing Administration (FHA) but available through or guaranteed by a private lender, ideal for borrowers with strong credit.</p> <h3>Counter Offer</h3> <p>An offer made in response to another. In real estate terms, the counter offer refers to a seller’s rejection of a buyer’s offer to enter into a contract and providing a new or adjusted offer with different terms from those in the original offer sent by the buyer.</p> <h3>Days on the Market (DOM)</h3> <p>Many people ask: “What does DOM mean in real estate?” The acronym DOM stands for “Days on Market” - the number of days a particular property has been active in the Multiple Listing Service (MLS) market. A similar abbreviation, CDOM, is short for “Cumulative Days on Market” and offers a more in-depth perspective of how long a property has been actively marketed in MLS.</p> <h3>Debt-to-income Ratio (DTI)</h3> <p>The percentage resulting from all monthly debt payments divided by gross monthly income (before taxes) used to compare how much a person owes to how much they earn monthly. Generally, a good debt-to-income ratio is considered around 43% or below.</p> <h3>Deed</h3> <p>A deed is a written and signed legal document that transfers ownership (title) of a piece of real estate or another property asset from the seller to the buyer (new owner) at closing.</p> <h3>Down Payment</h3> <p>The initial amount of money that a buyer pays upfront for a property or another asset in a real estate transaction and other large purchases. There are usually down payment requirements that need to be met and vary depending on the type of mortgage, the lender, and the buyer’s financial circumstances.</p> <h3>Dual Agency</h3> <p>The situation when a single real estate agent represents both the seller and the buyer in a real estate transaction.</p> <h3>Earnest Money Deposit (EMD)</h3> <p>Also known as a “good faith deposit”, an earnest money deposit represents the initial funds that a buyer is asked to put down once a seller accepts the buyer’s offer that showcases that the buyer is serious about making the purchase.</p> <h3>Easement</h3> <p>An individual’s right to use a property, despite not being the owner. Easements are related to a specific, unique purpose and are limited to it.</p> <h3>Equity</h3> <p>The difference between the amount of money owed to the mortgage lender and the amount of money that a property is currently worth on the market. Or, in other words, the amount of money the homeowner would get after selling the property and paying off the mortgage.</p> <h3>Escrow </h3> <p>The term escrow has multiple meanings. In general, the word escrow refers to a legal arrangement in which a neutral third party temporarily holds assets or funds (in an escrow account), until all the conditions of the contract are met and ensures all payments are timely fulfilled. It serves to protect both the buyer and the seller during the buying process.</p> <h3>FHA Mortgage / FHA Loan</h3> <p>A group of government mortgage loans issued by the Federal Housing Administration (FHA).</p> <h3>Fixed-Rate Mortgage</h3> <p>A type of mortgage loan where the interest rate remains the same for the entire duration of the loan, often available as 10, 15, 20 & 30-year loans.</p> <h3>Foreclosure</h3> <p>The legal process of a lender seizing and reclaiming a mortgaged property when the borrower (mortgagor) is unable or fails to meet their mortgage payment obligations.</p> <h3>Holder</h3> <p>A general term for an individual with lawful possession of an asset or property. For example, a mortgage holder is an individual or entity who owns the mortgage loan that was extended to a homeowner, while a title holder is the sole and clear owner of a property.</p> <h3>Homeowner’s Association (HOA)</h3> <p>A non-profit, self-governing organization established to help run, manage, and maintain a neighborhood, building, or community. HOA is financed by homeowners (members of the association), which collectively pay fees to the HOA to carry out its association duties and maintain the housing units or neighborhoods. Properties within an HOA are governed by a collective set of rules and laws enforced by the association.</p> <h3>Homeowner’s Insurance</h3> <p>A type of property insurance that provides coverage for any potential losses and damages to a homeowner’s residence, along with furnishings and any other assets or structures on the property. It also includes liability coverage against accidents that occur inside the home or on the property.</p> <h3>Inspection</h3> <p>A property or home inspection that occurs after a buyer arranges and pays for a licensed inspector to visit the property, examine the property's safety and existing condition, and provide a report including any necessary repairs. The inspection often happens as part of the due diligence period, so buyers can fully assess if they want to buy the home as-is, renegotiate the sale price, request repairs, or cancel the sales contract.</p> <h3>Inspection contingency</h3> <p>Also known as a “due diligence contingency,” the inspection contingency is a clause sometimes offered in a purchase agreement granting the buyer a pre-determined amount of time during escrow to perform any necessary inspections on the property.</p> <h3>Interest (Interest Rate)</h3> <p>In real estate terminology, interest refers to the cost of borrowing funds due per period, expressed as a percentage rate of the overall borrowed, lent, or deposited amount (also known as the principal sum).</p> <h3>Land Lease</h3> <p>A land lease, or ground lease, is an arrangement in which a landowner (referred to as the “lessor” in legal terminology) rents out a piece of land to a tenant – the “lessee,” with or without property attached to it.</p> <h3>Loan</h3> <p>The act of borrowing money from another person or an institution, such as a bank, to buy a property.</p> <h3>Loan-to-value Ratio (LTV)</h3> <p>A metric for determining the maximum amount of a secured loan based on the current market value of a property asset, usually used in commercial real estate. The LTV is calculated by a lender or financial institution before approving a loan for purchasing a commercial property. Loans with higher LTVs are riskier and usually have higher interest rates.</p> <h3>Mortgage Broker</h3> <p>A Mortgage Broker is a company or an individual hired to help a property buyer qualify for a loan and takes care of any other obligations or aspects related to getting the loan for the borrower.</p> <h3>Multiple Listing Service (MLS)</h3> <p>There is an old adage, that the three most important words in real estate are “Location, Location, Location”. Well, Multiple Listing Service, also known as MLS, does it justice as it is a collection of 580 regional databases established by cooperating real estate brokers containing all the property listings in an area. It is used by real estate agents to stay on top of the latest information and insights about properties for sale on their market.</p> <h3>Offer</h3> <p>The amount of money a buyer offers to a seller to purchase their property as well as any other special terms regarding the transaction. Oral offers are not legally enforceable in real estate sales – they must be put in writing through an estate agent. </p> <h3>Principal</h3> <p>In real estate, the principal refers to the responsible party of a real estate transaction with full financial liability. A principal can be any person involved in the contract, such as the seller, buyer, broker, or owner who has hired an agent as a property manager. The term principal can also refer to the amount of money borrowed as a loan, included in the monthly mortgage payments or the initial amount invested.</p> <h3>Private Mortgage Insurance (PMI)</h3> <p>A type of insurance added to the monthly mortgage payment that a borrower might be required to buy as a condition of a conventional mortgage loan if their down payment on a property is less than 20%. PMI is used to protect the lender in case the borrower is unable to pay the mortgage.</p> <h3>Proof of Funds</h3> <p>A letter or document(s) that the buyer shows to the seller during a purchase of a property, proving that the buying party (an individual or an entity) has the ability and funds to successfully cover all the purchase costs included in the transaction such as down payment, escrow, and closing costs.</p> <h3>Real Estate</h3> <p>Real estate is defined as a physical property including land and anything permanently attached to or built on it, including natural resources such as water or minerals, buildings, fixtures, roads, structures, and utility systems. It can be used for residential, commercial, or industrial purposes.</p> <p>You might also be wondering: “What is another word for real estate?” Realty, property, estate, land, lot, plot, and territory are all real estate synonyms, although they all vary slightly by exact meaning.</p> <h3>Real-estate Owned (REO)</h3> <p>A classification of properties owned by a lender due to an unsuccessful sale at a foreclosure auction.</p> <h3>Realtor®</h3> <p>A licensed real estate agent that is an offical, federally registered member of the National Association of Realtors® (NAR). A realtor® must uphold to the NAR’s Code of Ethics and is held accountable when serving the public or clients with a high standard of practice and care.</p> <p>Although the terms “actively licensed real estate agent” and “realtor” are often used interchangeably, don’t be mistaken as every realtor is a real estate agent but not every real estate agent is a realtor, as it’s a trademark.</p> <h3>Refinance</h3> <p>The process of replacing the old mortgage loan with a new lone from the lender, with more favorable terms such as a lower interest rate or lower monthly payments.</p> <h3>Rent-back</h3> <p>Also known as a “leaseback”, rent-back is an arrangement whereby the buyer (new owner) of a property agrees to allow the seller to stay in the property beyond the close of escrow under previously negotiated and established terms.</p> <h3>Seller’s Agent</h3> <p>A licensed real estate agent hired by the seller to help them list their home on the market and successfully sell it, also known as a listing agent.</p> <h3>Seller’s Disclosure</h3> <p>A legal document binding sellers to provide previously undisclosed details about the condition of the property that prospective buyers may find unfavorable, also known as a “property disclosure”.</p> <h3>Short Sale</h3> <p>In real estate, a short sale, also known as a pre-foreclosure sale, refers to sales in which a mortgage lender is willing to accept a mortgage payoff amount less than what is still owed on the mortgage to facilitate the sale of the property.</p> <h3>Title</h3> <p>In real estate terminology, a title is a legal document containing information on the history of ownership of a property, giving an individual the right to or ownership of a certain piece of real estate property after a mutual acceptance is reached on an offer.</p> <h3>Title Insurance</h3> <p>A type of indemnity insurance that protects lenders and buyers against losses due to problems with the title of a property.</p> <h3>Trust</h3> <p>A legal entity employed and empoweredto hold property (legal title to real estate) for the benefit of beneficiaries, and safe-keeping the assets.</p> <h3>Trustee</h3> <p>The person with the right to manage all funds, property, and assets placed inside of a living trust. When you buy a property in trust, you become the truste, rather than the outright owner of the property.</p> <h3>VA Loan</h3> <p>A VA home loan, also known as a Department of Veterans Affairs home loan, is a government-backed mortgage loan available to Veterans, service members, and their surviving spouses made by private lenders, like mortgage companies and banks, and comes with certain benefits such as competitive interest rates.</p> <h3>Warranty</h3> <p>A deed (legal real estate document) that protects the buyer against future claims to the title of the property, and in case the home has defects or items that need expensive servicing or replacement.</p> <h3>Zoning</h3> <p>A set of municipal laws governing how real estate property can or cannot be used in specific areas of jurisdiction. Respectively, properties can be zoned for residential, commercial, or industrial usage or a combination of two or more different uses. </p> <h2>Need Help? Close Top Deals with Real Estate Masters In Your Corner</h2> <p><a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes </a>was founded with the mission to change the lives of homeowners and secure them fair deals for a fresh start – not take advantage of people when they needed a helping hand. Whether you’re a homeowner out of their depth looking to sell their home for top dollar without investing in repairs or agency services, or an agent having trouble finding a buyer for a client, we’ve got your back.</p> <p>Doing business with SleeveUp Homes is the best decision (and deal!) you’ll ever make. Don’t take our word for it – contact us or <a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">request an offer</a> today to see what we can do for you.</p>
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            • short_descriptionIs real estate jargon getting the better of you? Read ultimate real estate vocabulary - an online glossary with over 60 key real estate terms explained.
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            • h1The Ultimate Real Estate Vocabulary: All the Terms You Want to Know
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/real-estate-vocabulary" }, "headline": "Understanding Real Estate Vocabulary: How To Calculate Net Proceeds and Profits", "description": "Do you know how to calculate the profit on a home sale? This is something you should learn before selling your house. So continue reading to find out.", "image": "https://sleeveuphomes.com/files/blog/09203587-f496-4245-b447-bc368e34a0fa_calculating-profit.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://www.linkedin.com/in/zachariah-peterson-391895142/" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-11-25", "dateModified": "2022-11-25" } </script> <p>Are you thinking of selling your house but are having trouble understanding how much you’ll make from the sale? That’s not that surprising, as <a href="https://sleeveuphomes.com/ultimate-real-estate-vocabulary">real estate vocabulary</a> can make it difficult to understand even the simplest terms, let alone how to calculate the profit on a home sale.</p> <p>And that’s what this article is meant to address – we’ll explain the terms that are used in a real estate transaction and teach you how to calculate your net proceeds and ultimate profits from a sale. We’ll also explain all the expenses you’ll have when selling your house, including the taxes.</p> <p>By the end of the article, you’ll know exactly how much money you can make if you decide to sell your property. So let’s get to it.</p> <h2>Differentiating Between Important Terms </h2> <p>Before we get to how you can calculate the amount of money you’ll earn when selling your house, we should define a few terms first, so that there is no confusion down the line.</p> <h3>Gross Proceeds</h3> <p><strong>Gross proceeds are the amount of money you get when selling an asset before sale expenses</strong>. In this case, the sale price of your property. Just to be clear, gross proceeds are not the listing price of your home, but the actual amount that the home sold for. Thus, when you are selling a house, gross proceeds are synonymous with the sale price of your home.</p> <h3>Net Proceeds</h3> <p><strong>Net proceeds are the amount of money you get after all the expenses of a home sale are paid</strong>, excluding potential taxes. So, net proceeds are the funds you are left with after you sold your home. The simplest formula to calculate net proceeds is:</p> <p>gross proceeds - sale expenses = net proceeds</p> <p>However, calculating your expenses in advance is the complicated part because there are many situation-dependent fees you may or may not need to pay. Here are the most common fees associated with a home sale:</p> <ul> <li>Realtor commission – the typical realtor commission is between 4 – 6% of the sale price. This includes the commission for the buyer’s and seller’s agents. As the seller, you will be expected to pay both commissions, unless you can negotiate a different arrangement.</li> <li>Staging costs – staging costs could include painting and cleaning and other activities that are necessary to present your home for sale. You may also need to pay for furniture rental if your house is empty and vacant. You can also hire a professional home stager or do it yourself. Consequently, it is hard to give an estimate for staging costs due to all the moving parts, but they are typically in the $1000 - $2000 range.</li> <li>Essential repairs – in some states, you may be required to fix major defects before you can sell your property, based on what the home inspector instructs. These repairs can include fixing the HVAC system, foundation, and roof. The cost will depend on the state of your home.</li> <li><a href="https://sleeveuphomes.com/how-much-are-closing-costs-in-california" rel="noopener" target="_blank">Closing costs</a> – these are the fees associated with a home sale that also include the preparation and issuing of documents, like title search and insurance fees, settlement, escrow, recording, and HOA fees, and the transfer tax. Closing costs are usually about 1% of the sale price.</li> <li>Mortgage settlement – if you have an outstanding mortgage balance, you will need to cover it from the proceeds of the sale. To pay it, you may need to pay the amount owed to your lender plus a prepayment penalty and a loan payoff fee, if that was stipulated in your mortgage contract.</li> </ul> <h3> Profits</h3> <p><strong>The profits from a home sale is the money you receive when you subtract the original purchase price of your home and the price of any major improvement you’ve made over the years from your net proceeds</strong>. Thus, the formula for profits is:</p> <p>net proceeds - (original purchase price + cost of major improvements) = profits</p> <p>This distinction is important because you get taxed (if it’s applicable in your case, but we’ll discuss that later) <em>based on your profits</em>, not your net proceeds. However, there is a caveat here – you may need to prove that you’ve made improvements and paid the fees associated with selling a home, so it’s best if you’ve kept your receipts.</p> <h2>Calculating Net Proceeds</h2> <p>Let’s give an example of an average home sale and calculate the net proceeds:</p> <ul> <li>You sold your home for $500,000</li> <li>The realtor commission was 5% ($25,000)</li> <li>You did not need to make any immediate repairs</li> <li>You paid off your entire mortgage before the sale</li> <li>You paid $1,500 for staging costs</li> <li>You paid 1% in closing costs ($5,000)</li> <li>Thus, your net proceeds are $500,000 - ($25,000 + $1,500 + $5,000) = $468,500</li> </ul> <p>As you can see, you’re losing a significant amount of money in home-selling expenses, with the largest one being the realtor commission.</p> <h3>What Are Your Profits Then?</h3> <p>Continuing with the previous example, let’s calculate your profits.</p> <ul> <li>Your net proceeds are $468,500</li> <li>You originally paid $300,000 for the property</li> <li>You invested $30,000 in improvements over the years</li> <li>Your profits are $468,500 - ($300,000 + $30,000) = $138,500</li> </ul> <p>This is the amount of money you are eligible to pay the capital gains tax for.</p> <h2>So What About the Capital Gains Tax? </h2> <p>The capital gains tax is the tax you pay on the profits you made from selling your home. It is a complex topic that deserves an article of its own, which you can read more about <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax" rel="noopener" target="_blank">here</a>. In this article, we will only give a short rundown and mention the key points.</p> <p>The amount you pay in capital gains tax is based on two factors:</p> <ol> <li>whether the profits are considered short-term gains or long-term gains;</li> <li>whether you are selling your primary or secondary residence.</li> </ol> <p>Short-term gains are the profits you make when you sell a house that you’ve owned for less than a year. Long-term gains are the profits you make when you sell a house that you’ve owned for more than a year.</p> <p>Depending on the profits from the sale, long-term gains can be taxed at 0%, 15%, or 20%. Short-term gains are taxed as regular income, so they are based on your tax bracket, which can be between 10% and 37%. We should note that capital gains are added to your yearly income, so they might bump you up to a higher tax bracket.</p> <p>Then, according to <a href="https://www.irs.gov/businesses/small-businesses-self-employed/sale-of-residence-real-estate-tax-tips" rel="noopener" target="_blank">IRS rules</a>, your primary residence is the property you’ve 1. owned for two out of the last five years and 2. lived in as your main home for two of the last five years. It’s important to note that you can only have one primary residence, even if two properties would qualify.</p> <p>The difference between selling your primary vs. secondary residence is that you get a tax exemption when you are selling your primary residence. <strong>You can exclude $250,000 of profits from taxes if you are single and $500,000 if you are married and file with jointly your spouse</strong>.</p> <p>Let’s go back to our previous example where the profits from selling your home were $138,500. If this was your primary residence, you wouldn’t pay a cent in taxes. If it were your secondary residence, the amount you paid would be based on whether the profits are short-term or long-term gains.</p> <h2>How Long Do You Need to Wait to Sell a House without Losing Money?</h2> <p>By now, you understand the expenses of selling your house and can calculate house sale profits for your specific situation. But is there a general rule for when you should start thinking of selling your property to make a good profit?</p> <p>For the longest time, the rule of thumb in real estate was the 5-year rule. This meant that a homeowner should live in a house for at least 5 years before selling it in order not to lose money on the investment. However, this rule isn’t really applicable in the current real estate market.</p> <p>It was based on making the home your primary residence in order to minimize the capital gains tax (which still applies, but you don’t need to wait 5 years, as we’ve explained above) and waiting for the house to appreciate so you make a profit.</p> <p>According to <a href="https://www.corelogic.com/" rel="noopener" target="_blank">CoreLogic</a>, the average appreciation rate of property in the US in 2022 is 14.5%. This is <em>significantly </em>higher than in previous decades, when it rarely reached 5% annually. Thus, the 5-year rule no longer applies, as realtors calculated house appreciation and profits based on circumstances that no longer exist.</p> <p>However, there is still one rule you should try to follow - don’t sell your house within a year of owning it. You may not lose money on the sale, but you will be liable to pay the capital gains tax that is calculated the same as regular income tax. This will significantly eat into your profits from the sale.</p> <h2>How Can You Make the Most Money When Selling Your House?</h2> <p>It’s relatively simple in theory: </p> <ol> <li>Avoid the capital gains tax; </li> <li>Avoid paying realtor commissions; </li> <li>Avoid closing costs and repairs. </li> </ol> <p>It’s not that difficult in practice, either. <a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a> will buy your house for top dollar, cover the closing costs, and make any repairs necessary in-house. Plus, we don’t work with realtors, so you won’t be paying any commission.</p> <p>So, we’ve got 2 and 3 covered. All you have to do is take care of no. 1. But don’t rush to make a decision – <a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">request a no-obligation cash offer</a>, see what your gross proceeds are, calculate your net proceeds and profits, and see how much you’ll save by choosing to sell your house to us.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/investment-ideas-after-selling-your-house" }, "headline": "Investment Ideas After Selling Your House", "description": "Once you sell your home, you’ll have to decide what to do with your sale proceeds. Here are some of the investment ideas after selling your house you can use.", "image": "https://sleeveuphomes.com/files/blog/6dc4af59-288a-4cef-9985-4d4844240548_property-investment-and-mortgage.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-12-26", "dateModified": "2022-12-26" } </script> <p>You sold your old home for a significant amount of cash and now you’re wondering what to do with the money you acquired. Should you invest in another home or rental property? What about a new car, a bunch of designer clothes, or travel? Possibilities are endless, and what you should do will largely depend on your financial situation.</p> <p>If you have high amounts of debt to pay, doing so may be the wisest option. However, if you’re slate is clean, you can use your precedes more creatively. That said, here are some of the best<strong> investment ideas after selling your house</strong>.</p> <h2>Be Patient</h2> <p>Depending on your planning skills, a large sum of money can be either a blessing or a curse. Typically, it’s much easier to spend money than to save it. So, it would be wise to be patient and wait a bit before making any financial moves with the proceeds of your home sale. </p> <p>Sitting on large amounts of money doesn’t have to be bad - it can save you from taking unnecessary<strong> risks associated with hasty financial decisions </strong>because of greed. While considering how much you can get from an investment is vital, you should also think about the potential losses.</p> <h2>Reinvesting the Proceeds vs. Saving Money</h2> <p>Before making any financial moves, you should ask yourself whether you really want to reinvest or you’d be better off saving some money for the future. For example, if you need money obtained through the house sale for a down payment for another home, there’s no point in at looking how to invest your proceeds in stocks.</p> <p>That said, your unique financial situation should give you an answer to this question. For example, if you just sold a rental home, you may not need to reinvest in some other house and can consider other potential investment alternatives. </p> <p>On the flip side, if you sold your primary house, you will have to think about reinvesting into another home. Otherwise, you’ll need to come up with a different solution to your living situation.</p> <h2>Questions to Consider Before Reinvesting the Proceeds After Selling a Home</h2> <p>As we mentioned, you will want to be patient and think your options through before making any investments with the proceeds of your home sale. That said, here are several questions to answer to gain clarity on the subject.</p> <h3>Do You Own a Primary Residence?</h3> <p>Before spending the cash you obtained from selling your home, you need to ensure you have a place to live. If you sold your primary house and want to invest the proceeds from the sale, you need to consider whether you will rent or not and how much sense doing so makes. </p> <h3>Is Now a Good Time to Buy a Home?</h3> <p>When looking at how to invest your proceeds, you may want to consider whether you should buy a new home now or patiently wait until you find the ideal property. Another thing to consider is how long you plan to stay in your potential new house. If you want to stay there for several years, it may be a good idea to invest in a new property. Otherwise, you could end up losing money. </p> <h3>Are There Rental Properties You Can Invest In?</h3> <p>In case you sold a rental property, you need to think about whether you could invest in some of the rental properties in your location that would yield a high return. If so, are you ready to once again <strong>commit to property maintenance</strong>? Although having a rental property can provide you with a lucrative income, it still takes work.</p> <h3>What Return on Investment Can You Obtain by Investing Your Proceeds Somewhere Else?</h3> <p>Before you allocate your proceeds into a new primary or rental home, check whether that is the highest ROI you can get. You may discover that returns are higher in the stock market. Or, you may find that paying off debt is a wiser move than investing further.</p> <h3>How Much Risk Are You Willing to Take?</h3> <p>You need to know how much risk you are willing to take and when you will need to access the money your reinvesting because this will help curb your investment strategy. For example, if you don’t plan to use those funds until you retire, you can take more risks. However, if you want to use this money in the near future, you shouldn’t risk too much as you won’t have enough time to recoup losses caused by <strong>fluctuations in the market</strong>.</p> <h2>Set the Money from House Sale Aside for Your Key Expenses</h2> <p>While it’s tempting to concentrate on your next investment, it’s important to first consider the<a href="https://sleeveuphomes.com/mistakes-to-avoid-when-selling-your-home"> mistakes to avoid when selling your home</a> and costs associated with the sale of your house that will impact your net profits, such as:</p> <ul> <li>Fees related to home sale</li> <li>Tax consequences</li> <li>Capital gains tax</li> <li>Relocation expenses or costs of buying or renting a new house</li> </ul> <p>Depending on the type of property and the money you make from it, the house sale may make you liable for capital gains tax. Or, it could drive you into a higher tax bracket. The proceeds from a home sale may also lead you to file estimated tax payments before your annual filing.</p> <p>Once you understand your financial situation and gain more clarity into your future plans, you will have a better idea of what to do with the money made from your house sale.</p> <h3>What to Do with the Money After Selling Your Home?</h3> <p>It can be tricky to choose what to do with the money after you <a href="https://sleeveuphomes.com/how-to-sell-your-own-home">sell your own home.</a> How you decide to use it will ultimately depend on your goals, but here are several ideas that may help you choose how to invest or save your proceeds.</p> <h3>Put the Money into a Savings Account</h3> <p>This low-risk alternative offers you access to money with no penalties or fees. However, if your money stays in a savings account for a longer time, you risk losing its value due to inflation. Although you will be able to access the money, you won’t be making any profit from it.</p> <h3>Pay Off Debts</h3> <p>You can also use the money you made from the home sale to pay off your debts as this will take a lot of weight off your shoulders. Paying down debts is usually beneficial because the expenses related to consumer credits surpass the risk-adjusted returns on investments. Moreover, it <strong>boosts your financial power,</strong> allowing you to take on better mortgage deals.</p> <h3>Fill up Your Emergency Fund</h3> <p>Having an emergency fund is vital in case something unexpected happens like a house repair or job loss. That said, it’s a good idea to have four to six months’ expenses in this fund, and the money earned from your house sale can be an excellent way to fill yours up.</p> <h3>Invest in Your New House</h3> <p>If you want to use the proceeds from your home sale to buy a new house, think about whether you’re planning to upsize or downsize. Also, consider all the<strong> expenses that come with the purchase</strong>.</p> <p>It’s a common mistake to look only at how much the house costs, forgetting about other costs that can impact your financial situation. For instance, if you upsize, you’ll also have higher taxes, insurance, and utility bills compared to your past expenses.</p> <p>While you may sell your house for a high price, you may also need to buy a new house at a high price. And if the market shifts, that house may have a lower value in the coming years. </p> <h3>Invest in a Rental Property</h3> <p>Investing in a rental property can be an excellent way to produce income. This way, you can make monthly profits by renting and selling it in the future for higher profits. However, for this to happen, the housing trend needs to continue.</p> <p>You can make money if you invest in several rental properties by investing in one home and then using the equity from that house to invest in a couple of other houses. Once you have a portfolio of homes and can manage them, your profits will reach the top.</p> <p>However, if the housing market changes, the money you earn from your multiple properties could reduce below what you paid for them and spend on maintenance.</p> <h3>Invest in Mutual Funds</h3> <p>If you invest in mutual funds, the money you give will be used for buying stocks and bonds chosen by a mutual fund company. The advantage of this approach is that everything is done by professionals, making it <strong>safer than regular stock buying </strong>where you likely don’t have enough skills to trade. Nevertheless, mutual funds can take years to generate considerable profits so they may not be a good choice if you need fast returns.</p> <h3>Invest in Experiences and Skills</h3> <p>Why not use the money you earned from the home sale for unforgettable experiences or skills that may help you generate profits in the future? While clothes and electronics may boost your dopamine levels at the moment, they will lose their value over time. However, there are some things that hold their value forever like:</p> <ul> <li><strong>Education:</strong> You can learn a new skill, language, or instrument that can help you advance in your career.</li> <li><strong>Travel:</strong> Memories can last a lifetime, and what better way to create a new memory than to travel to a country you’ve never seen before and enjoy its culture, food, and nature with the people you love?</li> <li><strong>Experiences:</strong> Seeing your favorite band live or going parachuting can make you more fulfilled than a bunch of new clothes.</li> </ul> <h2>Invest Your Money Wisely</h2> <p>After reading this article, you have several investment ideas after selling your house you can use to your advantage. Before making any financial moves, make sure to understand your current financial situation and short-term and long-term goals. This will give you a better understanding of what you should do with money from the sale of your old home.</p> <p>If you haven’t sold your home yet, consider selling it to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We’ll buy your home as-is for top dollar, meaning you won’t have to make any repairs. You'll also skip all the trouble associated with the long home-selling process, such as listing your home on the market, hiring a real estate agent, making costly renovations, finding all the <a href="https://sleeveuphomes.com/full-checklist-of-the-documents-required-to-sell-property">documents required to sell a property</a>, and the list goes on. </p> <p>To see how much you can get for your property, request a<a href="https://sleeveuphomes.com/request-offer"> no-obligation cash offer</a> and make your decision.</p>
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            • short_descriptionOnce you sell your home, you’ll have to decide what to do with your sale proceeds. Here are some of the investment ideas you can use.
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            • titleWhat Does Being Upside-Down in Mortgage Mean?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-does-being-upside-down-in-mortgage-mean" }, "headline": "What Does Being Upside-Down in Mortgage Mean? + How To Sell Underwater Property", "description": "Trying to sell an underwater property? Here's all you need to know about being upside-down in mortgage, how to get out of it and make the sale happen.", "image": "https://sleeveuphomes.com/files/blog/f7de9d31-1b08-44f6-a372-973acf09eb42_upside-down-mortgage.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://www.linkedin.com/in/zachariah-peterson-391895142/" }, "publisher": { "@type": "Organization", "name": "Sleeveup Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-01-11", "dateModified": "2023-01-11" } </script> <p>Being upside-down in your mortgage? In today's real estate market, it's a term that may have become all too familiar. While the upside-down feeling is far from pleasant when thinking about your finances, understanding what it means and how to best navigate this situation can help put you back on track financially.</p> <p>If this is your current reality and you want to grab onto a life preserver of hope, this blog post will help arm you with all the information needed to understand exactly what being upside down means for your situation, how to potentially lighten your financial load by selling an underwater property and turn a potentially daunting experience into one filled with confidence!</p> <p>Sometimes, a little knowledge is all you need to stay afloat! So, <strong>stick around and prepare to splash into insights that might help save the day and get back on the right side up.</strong></p> <h2>Upside Down Mortgage: What Is an Underwater Mortgage?</h2> <p>Being underwater or upside down on mortgage is a phrase thrown around a lot in today’s housing market, but what does it really mean? An upside-down or underwater mortgage is a situation that'll leave many gasping for air. <strong>Simply put, being upside-down in mortgage means that the value of your home has decreased while your mortgage balance remains the same</strong>. Instead of being an asset, your property has become a liability with negative equity.</p> <p>In other words, upside down mortgage occurs when a homeowner owes more on their home loan than what the house is currently worth, meaning their home is worth less today than when they first purchased it. To make matters worse, <a href="https://sleeveuphomes.com/investment-ideas-after-selling-your-house" rel="noopener" target="_blank">selling the home</a> would mean losing money, and the home becomes difficult to sell since potential buyers won't want to take on such a large debt. </p> <p>When upside down in mortgage, you can feel like "drowning" in debt with no life preserver to be seen. Before you start panicking, there are ways out of this tricky situation we will discuss in a minute. Stay tuned.</p> <h3>What Does Being Upside-Down in Mortgage Mean for a Homeowner? Implications of Underwater Mortgage & Why It Happens</h3> <p>When you take out a mortgage, you borrow money from the lender to make monthly payments and eventually pay off the loan balance.<strong> If, at any point during this process, the value of your home decreases and your loan balance remains high, then you are considered upside down on mortgage. </strong></p> <p>It means that selling your home would mean losing money since the sale price wouldn’t cover what you owe on the loan, as the amount owed on the property is more than its estimated market value. This can happen for various reasons, most of which are associated with <a href="https://sleeveuphomes.com/ultimate-real-estate-vocabulary" rel="noopener" target="_blank">real estate</a> market volatility and its fluctuations. </p> <p>For example, the housing market could crash, <a href="https://sleeveuphomes.com/how-high-interest-rates-changing-housing-market" rel="noopener" target="_blank">interest rates could increase</a> significantly, tax assessments might be higher than expected, or nearby foreclosures might affect the home’s value. In some cases, it might be due to personal factors such as taking out too much money from a home equity loan or refinancing too often without considering how long it will take to pay off the principal balance.</p> <p>Either way, being upside down in mortgage can make it difficult to sell your property and get out from under the upside-down loan.</p> <h2>Making the Best Move: What to Do If You Have an Upside Down Mortgage?</h2> <p>What can you do about your upside-down mortgage? What are your options? What is your best bet? If you’ve had the bad luck of ending up upside down in mortgage, these are some of the questions probably racing through and weighing heavily on your mind. The home of your dreams can suddenly become the nightmare that refuses to go away – when you find yourself in an underwater mortgage.</p> <p>When faced with an upside-down mortgage, you may feel like the deck is stacked against you. Don't despair, though; there are always options for getting out of it – you just have to know <em>which one</em> to take.While none of these options may sound particularly appealing, they could be just the tonic to get you and your finances right side up again.</p> <p><strong>Don't just sit there letting your situation bring you down – start researching the money-saving alternatives below.</strong></p> <h3>Refinancing</h3> <p>First, determine if you qualify for assistance from the government; this could include refinancing and special loan modification programs.</p> <h3>Loan Modification</h3> <p>If refinancing is not an option, don't be afraid to ask your lender for help – try negotiating a payment plan or requesting that they temporarily lower the interest rate, as it can lead to easier management of monthly payments. Ask if they can offer you any sort of relief or modification program to help lower your overall payments.</p> <h3>Short Sale</h3> <p>If you find yourself backed into a corner and seeking any way out of an upside-down mortgage, a short sale could be a last resort. Despite its somewhat depressing name, it can be a freeing decision when all other alternatives have been exhausted. Instead of continuing to drown in hefty monthly payments and inevitable foreclosure action, a short sale could offer some leniency in breaking free from a seemingly endless cycle of debt.</p> <p>This strategy could provide the much-needed lifeline to restore better financial footing, although it isn't without its challenges. Not all lenders will provide this option – you need to prove that you can’t afford your monthly payments and have no alternatives. Keep in mind that a short sale will significantly affect your credit history and can take a long time.</p> <h3>Waiting It Out</h3> <p>When it comes to being in an underwater mortgage, sometimes, swimming for the surface is as simple as not taking a plunge. If you want to stick it out, you can take a deep breath, put on your strong-swimming suit, and slowly bob back up to the surface. Your home's value will resurface at its own rate, giving you time to come up with other remedies in the meantime, such as making extra payments to pay down the principal faster and working to build more equity.</p> <p>Sure, waiting and letting home values bounce back can take time, but you can eventually find yourself on top of that pesky upside-down mortgage scenario!</p> <h2>How to Sell a House that Is Underwater In Mortgage? Pro Tips</h2> <p>Generally speaking, selling an underwater property isn’t recommended yet some people have to sell anyway. Being upside-down in mortgage can be stressful for homeowners looking to sell their homes, making it difficult for them to attract potential buyers due to the amount of debt associated with the property. It can be a tricky situation, but fortunately, there are ways to get out from an underwater mortgage and sell an underwater property.</p> <p>By refinancing your loan before listing your property, exploring government programs like HARP and HAMP, or negotiating incentives with potential buyers, you can increase your chances of successfully selling an underwater property despite being upside down on your mortgage. </p> <p>Here are some useful tips on how to sell an upside-down house more easily.</p> <h3>Short Sale</h3> <p>The most common option is the short sale. In this case, the lender agrees to accept less than what is owed on the loan in order for the sale to go through. This is not always easy as lenders may not always agree to such arrangements, so it’s important to work with experienced real estate agents or attorneys who can help guide you through this process.</p> <p>Another option may be asking for a <em>deed-in-lieu</em> which involves transferring ownership of your home back over to the lender prior to a foreclosure, instead of going through with an actual sale, so the lender would forgive the balance that remains on the home loan.</p> <p>However, there are other less bleak ways to try and avoid selling short.</p> <h3>Exchange of Security</h3> <p>Not sure how to make your underwater home sale happen? Consider exchanging the security – or, in plain English, replacing the loan on your first home with the equity in a second property. By using the equity from your second property, you can make up the <em>difference</em> on the first property and potentially sell your troubled home at a reasonable price.</p> <h3>Refinancing Your Upside Down Loan</h3> <p>One option is to refinance your loan before listing your property so that there is <em>less </em>debt associated with it. This could help attract more potential buyers and make the sale easier.</p> <p>Another option is to look into government programs like HARP (Home Affordable Refinance Program) or HAMP (Home Affordable Modification Program), which can provide financial assistance with refinancing your loan or modifying it so that you are able to keep up with payments.</p> <h3>Negotiate and Offer Incentives</h3> <p>Finally, you can negotiate with potential buyers by offering <em>incentives</em> like closing costs or home warranties – anything that could make them more likely to purchase your underwater home.</p> <h2>Make Your Underwater Mortgage Water Under the Bridge</h2> <p>We hope that you now feel more confident in your ability to successfully deal with being upside-down in mortgage. Before embarking on this journey, make sure that you understand all of the options available so that you can make an informed decision about how best to move forward with resolving your upside-down mortgage loan or selling your underwater property.</p> <p><strong>If you decide selling is the way to go, let us make things easier</strong> –<a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">request a cash offer today</a>!  If you’re thinking of getting a <a href="https://sleeveuphomes.com/rehab-loan">rehab loan</a> to make improvements to your property in order to increase the sale value, lay it to rest – <a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp</a> will pay top dollar for your house<em> as-is</em>, without the need to make any improvements and take care of the necessary repairs in-house.</p> <p>With the right partners in your corner, your financial woes might be coming to an end sooner than expected, after all. Don’t hesitate to contact us and see what we can do for your underwater house – <strong>we are just one click away</strong>.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-much-it-costs-to-sell-a-house-and-how-to-minimize-cost" }, "headline": "How Much It Costs to Sell a House and How to Minimize Costs", "description": "Wondering what the cost to sell a house is? Each situation is unique, but we’ve provided a breakdown of the average costs, so you can calculate from there.", "image": "https://sleeveuphomes.com/files/blog/80018cfd-1a51…signing-a-contract-buy-sell-house-dpfe3rj_720.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-07-23", "dateModified": "2021-07-23" } </script> <p class="mb-4">There are many expenses that go into selling a house. Some are relatively minor, while some, like a real estate agent’s commission, can substantially eat away at your profits. In this article, we’ll provide a compartmentalized breakdown of the cost to sell a house if you go down the traditional route and provide some advice on how you can avoid some of the costs.</p> <h2 class="mb-4">A Rough Breakdown of the Cost to Sell a House</h2> <p class="mb-4">Each situation is unique, but more than likely, the largest cost you’ll have is the real estate commission. Depending on the contract you sign, the commission will possibly (but not very plausibly) be as low as 1% of the selling price. The average commission in Southern California is around 5%, so that is something you should prepare for.</p> <p class="mb-4">Then, you need to factor in the cost of repairs and potential improvements. This cost can vary greatly based on the state your house is in. If you were unable to do regular maintenance and now need to do it all at once, you can count on about 5% more of your total price going into repairs and improvements.</p> <p class="mb-4">You will also need to pay for the staging, the closing costs, and other miscellaneous fees. We’ll give a more detailed breakdown of these costs later on in the article, but they’ll likely be in the ballpark of 1-3%. All in all, you can count on somewhere around 10% of the selling price of your home going into the various expenses.</p> <p class="mb-4">And finally, you can’t forget about the capital gains tax. In short, you’re liable to pay the capital gains tax based on the difference between the cost basis of the house and the price you’re selling it for</p> <p class="mb-4">However, as this topic is too complex to cover here, we have written a separate article on the <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax">tax implications of selling a house</a>. In it, we cover the strategies you can employ to minimize this tax or even completely avoid it. Now, let’s cover each individual cost that goes into selling a house.</p> <h2 class="mb-4">The Real Estate Commission</h2> <p class="mb-4">The average real estate commission in Southern California hovers around 5%. It’s split between the buyer’s and the seller’s real estate agents. In the majority of cases, the seller is the one who covers the commission. So, if you sell your home for $200,000, you will end up paying $10,000 to the agents.</p> <p class="mb-4">There are a few ways you can lower or avoid this commission. First, you can negotiate a lower rate. This is not easy to do (realtors are professional negotiators, after all), but it may be possible if the local real estate market is very strong, they expect the house to sell quickly, or the base price of the home is very high.</p> <p class="mb-4">Your other option is to go down the For-Sale-By-Owner route. However, this means that all of the responsibility of selling the home rests squarely on your shoulders. This is a time-consuming process and you may not end up with the price you were looking for.</p> <p class="mb-4">Your third option is to sell your house to a restoration company like <a href="”https://sleeveuphomes.com/”">SleeveUp Homes</a> which is neither a wholesaler nor an investor. Because you are selling directly, there is no middleman involved, and therefore no commission. Cutting out the middlemen allows SleeveUp Homes to offer you a fair price, and you don’t have to do any of the work.</p> <p class="mb-4" style="text-align: center;"><img alt="How Much It Costs to Sell a House" class="img-fluid" src="https://sleeveuphomes.com/img/how-much-it-costs-to-sell-a-house.jpg" /></p> <h3 class="mb-4">Repair and Improvement Costs</h3> <p class="mb-4=">You won’t be able to sell your house without making the necessary repairs first. How much this will cost depends purely on the state your house is in. If everything is near perfect condition, it may cost you as low as a few hundred dollars. On the other hand, it can easily go into the thousands.</p> <p class="mb-4">The other factor you need to consider is if you want to make any improvements to the property. This investment substantially increases the cost to sell a house, but it can be worthwhile. Improvements you make can significantly increase your asking price, netting you more money in the long run.</p> <p class="mb-4">Once again, you have the option to sell directly to a restoration company. They search for potential instead of looking at the current state the house is in, which means that you don’t have to make any repairs and can still get a fair price.</p> <h3 class="mb-4">Marketing Costs</h3> <p class="mb-4">If you decide to sell your home personally, you’ll need to take care of the marketing. Luckily, this shouldn’t cost you more than a few hundred dollars. It will take time and effort on your part, but because of online advertising, you can manage it without significant difficulty or expense.</p> <p class="mb-4">The biggest expense here will likely be hiring a professional photographer to take appealing pictures of your home. If you do that yourself, the marketing cost will be minimal. You will pay for printing out flyers and taking out a few ads, which won’t amount to too much.</p> <h3 class="mb-4">Staging and Closing Costs</h3> <p class="mb-4">It can be very difficult to sell a house if you don’t stage it. Most buyers expect that you will allow them to come and examine the house personally before they commit to anything. Consequently, you want to present your home in the best possible light.</p> <p class="mb-4">This can mean paying for landscaping (curb appeal can’t be ignored) and cleaning. You can also hire a professional to stage your house. On the low end, these services can cost a few hundred dollars each. If you hire people to do major projects and the house doesn’t sell quickly, you are easily looking at paying a thousand dollars or more.</p> <p class="mb-4">Then, you have the closing costs. This is an assortment of various fees that both the buyer and seller need to pay to finalize the transaction. Traditionally, most of them are covered by the buyer, but you still have to pay some closing costs as the seller.</p> <p class="mb-4">They typically include transfer taxes, any leftover mortgage, attorney and recording fees, and potentially other fees. Individually, none of these fees are overly high, but when you add them up, it can amount to between 1-3% of the sale price.</p> <h2 class="mb-4">Concessions</h2> <p class="mb-4">Finally, you will likely need to make some concessions to your buyer. Unless your asking price is lower than average for the fair market price of your property or your home has some very unique selling points, you will have to sweeten the pot.</p> <p class="mb-4">This is effectively negotiating, and it can be anything from agreeing to pay specific closing costs that the seller wouldn’t usually pay for, to lowering your asking price. Whatever you end up with, more than likely you will have to make some monetary concessions to entice the buyer.</p> <h2 class="mb-4">How Much Does it Cost to Sell a House? - the Three Options</h2> <p class="mb-4">In short, you have three practical options:</p> <ol> <li class="mb-4">Selling the traditional way with real estate agents. In such a scenario, you should count on about 10% of the price going into the sales costs.</li> <li class="mb-4">Selling the home personally. This option means that you will have to do much more work, but you can expect to pay around 5% for the various repairs, staging fees, and closing costs.</li> <li class="mb-4">Selling to a restoration company that buys homes directly from you. In this option, the costs are minimized, as you don’t pay for repairs, staging fees, or realtor commissions.</li> </ol> <p class="mb-4">At the end of the day, it’s up to you to choose which strategy suits you best. But never forget to calculate what the cost to sell a house is and compare it to the price you think you could get in each option and do the math, before you make a choice.</p> <p class="mb-4">SleeveUp Homes can help you bypass realtors and minimize the cost to sell a house. We’ll give you a cash offer and create a closing schedule that fits your timeline, especially if you're a distressed homeowner who is <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">behind on mortgage</a> payments. <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">We're not realtors or wholesalers</a>, we buy direct from you and give you the fairest possible price for your property. If you don't want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers so that we can pay top dollar for your house regardless of its condition.</p> <p class="mb-4">If you're ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • short_descriptionWondering what the cost to sell a house is? Each situation is unique, but we’ve provided a breakdown of the average costs, so you can calculate from there.
            • keywordsWondering what the cost to sell a house is? Each situation is unique, but we’ve provided a breakdown of the average costs, so you can calculate from there.
            • intro_image80018cfd-1a51-4ac5-846c-41833a42e306_business-signing-a-contract-buy-sell-house-dpfe3rj_720.jpg
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            • autor_nameSleeveUp Homes
            • titleWhat Are Net Proceeds?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-net-proceeds-when-selling-a-house" }, "headline": "What Are Net Proceeds?", "description": "The amount of money you earn from a sale is based on your net proceeds. Read on to learn what they are, why they are important, and how to calculate them.", "image": "https://sleeveuphomes.com/files/blog/82180b41-9eee-43a1-81d3-c2057673ac9f_net-proceeds.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-07-26", "dateModified": "2021-07-26" } </script> <p class="mb-4">The definition of net proceeds is straightforward – net proceeds is the amount of money you have left after you sell an asset and pay all of the accompanying expenses. The term applies to all types of transactions, from selling small products to selling a house.</p> <p class="mb-4">Knowing how to calculate net proceeds when you are selling a house is paramount. It will determine how much money is left in your pocket after the sale and let you pick out the best deal. Plus, your net proceeds affect the capital gains tax you (potentially) have to pay. We’ll cover all of this in the article.</p> <h2 class="mb-4">How to Calculate Net Proceeds?</h2> <p class="mb-4">Net proceeds are calculated by deducting any expenses of the transaction from the gross proceeds of a sale. So, if you sell an asset for an X number of dollars – those are your gross proceeds.</p> <p class="mb-4">You incur certain expenses – production and marketing costs and other miscellaneous expenses that add up to Y. Your net proceeds are your gross proceeds minus the expenses, so the net proceeds are X minus Y.</p> <h2 class="mb-4">What Are Net Proceeds When Selling a House?</h2> <p class="mb-4">Then, what are net proceeds when selling a house? The same principle applies. First, you will need to calculate the gross proceeds – which is the price you sell the house for. For example, we’ll say that you sold your house for $250,000.</p> <p class="mb-4">Now, you need to calculate the expenses. The average realtor commission in Southern California is around 5%, so in this case, that would be $12,500. The closing costs end up being $10,000 and you have a remaining mortgage of $27,500.</p> <p class="mb-4">When you add it up, you have to pay $50,000 in expenses. You deduct the $50,000 from the gross proceeds, $250,000, and what you end up with are your net proceeds – which is $200,000 in this case. Once again, the formula is: gross proceeds - expenses = net proceeds.</p> <h3 class="mb-4">Net Proceeds and the Capital Gains Tax</h3> <p><img alt="Net Proceeds" class="img-fluid" src="https://sleeveuphomes.com/img/net-proceeds-sleeveup-homes.jpg" /></p> <p>How much you have to pay in capital gains tax has a significant impact on how much money will end up in your pocket. The topic of the capital gains tax you need to pay when selling a property is complex, so we won’t cover it in this article.</p> <p class="mb-4=">You can read more about how it functions, the potential exclusions from and deductions to the tax, and tactics on how to minimize them by reading this <a hrefs="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax">article</a>. Here, we’ll only deal with the basics.</p> <p class="mb-4=">To get back to the topic, you have to pay the capital gains tax on your capital gains. Your capital gains are your net proceeds minus the cost basis of your property. Using the previous example, you sold your house for $250,000, the expenses are $50,000, so your net proceeds are $200,000.</p> <p class="mb-4">In essence, the cost basis is how much you paid when you bought the house plus any major improvements you made. The exception is if you inherited the property – then, the cost basis is the fair market value of the home at the time of the previous owner’s death.</p> <p class="mb-4">Let’s say that you paid $120,000 for the house and added improvements in the value of $10,000. Your cost basis is $130,000. When you deduct the cost basis ($130,000) from your net proceeds ($200,000) you get your capital gains = $70 000. This is the amount of money you have to pay the capital gains tax on.</p> <h3 class="mb-4">Why Are Net Proceeds Important?</h3> <p class="mb-4">In simple terms, because the net proceeds are your profits, before the capital gains tax is applied. <strong>When you are considering multiple offers for a house, you should make your choice based on the potential net proceeds, not on the total price offered</strong>.</p> <p class="mb-4">If you get two offers – one of $250,000, but you have to pay the realtor commission and closing costs and another one of $230,000, but without any commission or closing cost, in almost all cases, you’ll make more money by accepting the second offer. This is why you should always calculate your net proceeds before you conclude a sale.</p> <h3 class="mb-4">Maximizing Your Net Proceeds</h3> <p class="mb-4">A simple way to maximize your net proceeds is to cut down on your expenses. SleeveUp Homes buys and restores houses, eliminating the middlemen, so you don’t have to pay any realtor commissions. <a hrefs="”https://sleeveuphomes.com/request-offer”">Request an offer</a> and see what your net proceeds would be if you were to compare it with the traditional sales route.</p> <p class="mb-4">SleeveUp Homes has been in the real estate business for years, and we can give you a cash offer that maximizes your net proceeds. <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">We’re not realtors or wholesalers</a>, we buy direct from you and give you the fairest possible price for your property. If you don’t want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers so that we can pay top dollar for your house regardless of its condition.</p> <p class="mb-4">If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • short_description The amount of money you earn from a sale is based on your net proceeds. Read on to learn what they are, why they are important, and how to calculate them.
            • keywordsThe amount of money you earn from a sale is based on your net proceeds. Read on to learn what they are, why they are important, and how to calculate them.
            • intro_image82180b41-9eee-43a1-81d3-c2057673ac9f_net-proceeds.jpg
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          • 2(array)
            • id23
            • slugthe-home-appraisal-process-what-is-it-and-how-does-it-work
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            • titleWhat Is a Home Appraisal?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work" }, "headline": "The Home Appraisal Process: What Is It and How Does It Work?", "description": "A home appraisal can be an important step in the process of buying or selling a property. Read on to learn what it is and how it works in practice.", "image": "https://sleeveuphomes.com/files/blog/720a669d-83f4-4d6f-a54e-b460669408c0_home-appraisal.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-03", "dateModified": "2021-08-03" } </script> <p class="mb-4">When you intend to buy or sell a house, you should know the realistic worth of the property. As the name implies, a home appraisal is the process of determining the monetary value of the house in question – in other words, how much you could get if you sold the house or how much you may have to pay if you bought it.</p> <p class="mb-4">However, the entire process is not entirely straightforward. There are multiple steps that need to be taken before the value of the can be determined. And waiting on the appraisal can be a stressful experience, especially if you are unclear about the process. For this reason, we will explain what a home appraisal is and how it functions.</p> <h2 class="mb-4">What Is a Home Appraisal?</h2> <p class="mb-4">Let’s first provide a more detailed answer to the question – “what is a home appraisal?”. A home appraisal is the procedure of determining the fair market value of your property by a certified appraiser.</p> <p class="mb-4">While the term fair market value is broad, it can be defined as the potential value of a property if neither the buyer nor the seller were under any compulsion to buy or sell, and both parties were aware of all the relevant facts.</p> <p class="mb-4">In essence, it is a reasonable estimate based on an analysis of the property and the current market conditions. Of course, this does not mean that you <em>have</em> to sell your house for its estimated fair market value.</p> <p class="mb-4">Negotiations still come into play and the final price can vary significantly, but the fair market value is just what the term indicates – the proposed monetary value of a <a href="https://sleeveuphomes.com/how-to-know-if-you-are-getting-a-fair-offer-for-your-house">fair offer</a> at the current market conditions.</p> <h3 class="mb-4">Is a Home Appraisal Always Necessary?</h3> <p class="mb-4">No, it mostly depends on whether you are buying or selling. If you are selling your house, you <em>could</em> get it appraised to learn what a realistic asking price would be. It may help with the sale, but you are under no obligation to get it done. If you are 100% sure about your asking price, the appraisal may be superfluous.</p> <p class="mb-4">However, if you wish to buy a house, you’ll probably need to get it appraised first, unless you will <em>not</em> be taking out a loan. Most lenders require you to get the property you intend to buy appraised before they issue a loan.</p> <p class="mb-4"><img alt="The Home Appraisal" src="https://sleeveuphomes.com/img/home-appraisal-sleeveup.jpg" style="width: 800px; height: 470px;" /></p> <h2 class="mb-4">The Home Appraisal Process</h2> <p>The appraisal is usually performed by an independent third party. The appraiser will first check the basic condition of your home. They do not go into the finer details, such as inspecting the functionality of your outlets or evaluating the decor of your house.</p> <p class="mb-4=">They are interested in the general physical characteristics – the square footage of your house, the lot size, the number and layout of the rooms, and the age of your home. The appraiser will also inspect the basic health and safety conditions and determine the functionality of systems that are fixtures of the home, such as the HVAC system.</p> <p class="mb-4=">In essence, they are looking at permanent or permanently attached parts of your house. A home appraisal does not focus on things that are not affixed to the property. So, your furniture, curtains, the color of your walls, etc. are not important from this perspective.</p> <p class="mb-4">The appraiser will also examine the neighborhood characteristics, as location plays a big part in determining the value of a house. They will look at the local housing market and compare the prices of recently sold homes in the area to determine the fair market value of your property.</p> <p class="mb-4">To simplify everything, a home appraisal consists of two broad segments: 1) examining the condition of the home itself and 2) analyzing the market conditions of the home’s location. The price of your home will be determined by the appraiser combining and evaluating these two segments.</p> <h3 class="mb-4">The Difference Between a Home Appraisal and Inspection</h3> <p class="mb-4">We should note that a home appraisal is not the same as a home inspection. While an appraiser does not focus on the smaller details, the inspector does. They will check what works and doesn’t and recommend fixes and repairs. The inspector intentionally looks for problems; the appraiser does not.</p> <p class="mb-4">Let’s say your house doesn’t have working plumbing. The appraiser will notice and include it in the appraisal. Conversely, if the house that is being appraised has functional plumbing, that’s good enough for most appraisers.</p> <p class="mb-4">An inspector, on the other hand, will not be satisfied with “functional.” They will check for any leaks and look at how the plumbing is installed. Once they are done with the inspection, they recommend what repairs need to be done.</p> <h3 class="mb-4">How Long Does a Home Appraisal Take?</h3> <p class="mb-4">There is no set time limit to a home appraisal. It can take anywhere from a few days to a few weeks to get it all done. It depends on the availability of the appraiser, the applicable laws, the physical inspection itself (although once the appraiser is actually at your home, it’s over relatively quickly), and the time to compile the report.</p> <h3 class="mb-4">How Much Does a Home Appraisal Cost?</h3> <p class="mb-4">This cost of the appraisal also varies and will depend on its complexity. To get a single-family home appraised, you can expect to pay around $300-400. If you are getting a very large property appraised, you shouldn’t be surprised if the appraisal costs $1,000 or more.</p> <h2 class="mb-4">Can I Sell My House Without Getting It Appraised?</h2> <p class="mb-4">Absolutely. You can contact SleeveUp Homes and <a hrefs="”https://sleeveuphomes.com/request-offer”">request an offer</a> for your house. Because we do all of the repairs and fixes ourselves and don’t work with realtors (thus excluding commissions), we can offer you top dollar for your house, regardless of the state it is in.</p> <p class="mb-4">SleeveUp Homes has been in the real estate business for years, and we can give you insight into the home appraisal process. We provide cash offers to owners of distressed properties, older homes, and owners in danger of foreclosure. <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">We’re not realtors or wholesalers</a>, we buy direct from you and give you the fairest possible price for your property. If you don’t want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers so that we can pay top dollar for your house regardless of its condition.</p> <p class="mb-4">If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • short_description A home appraisal can be an important step in the process of buying or selling a property. Read on to learn what it is and how it works in practice.
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          • 3(array)
            • id47
            • slugbuilding-your-dream-home-how-much-does-it-cost-to-build-a-house
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            • titleHow Much Does It Cost to Build a House?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/building-your-dream-home-how-much-does-it-cost-to-build-a-house" }, "headline": "Building Your Dream Home: How Much Does It Cost to Build a House?", "description": "How much does it cost to build a house? We provide the most precise numbers for the average cost and give a breakdown of each stage of construction.", "image": "https://sleeveuphomes.com/files/blog/0a18a631-b944-412e-9712-0d68a7c169c8_building-a-house.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-10-18", "dateModified": "2021-10-18" } </script> <p class="mb-4">There is something intrinsically satisfying to building your house from the ground up. And it’s not just that you can build it to your preferences. When you build it, you feel like it’s truly yours. But, there are always temporal and financial aspects to consider – how much does it cost to build a house and how long will it take?</p> <p class="mb-4">In this article, we’ll provide you with the average cost to build a house, crunch the numbers for each stage of construction, and explain how we got to them. You can skip to the section ‘The Average Cost to Build a House’ if you are willing to take us at our word and are only interested in the final price.</p> <p class="mb-4">But we would strongly recommend understanding how those numbers were reached because these are all assessments. The body of the article will explain why you are paying what you are paying and it can help you adjust the price for your specific situation. First, let’s start with a few caveats.</p> <h2 class="mb-4">A Few Caveats to Start With</h2> <p class="mb-4">First off, the price to build a house can vary drastically based on the region, the materials, the square footage, the labor costs, and a lot of other factors. This article will provide the cost to build an <strong><em>average single-family home</em></strong>. So, take all of that into consideration when calculating how much it would cost to build your house.</p> <p class="mb-4"><img alt="Building Your Dream Home" class="img-fluid" src="https://sleeveuphomes.com/img/building-your-dream-house.jpg" /></p> <h2 class="mb-4">The Methodology Used to Determine the Cost to Build a House</h2> <p class="mb-4">To give you the most precise numbers and make everything as practical as possible, two primary sources were used – the latest data from the <a href="https://www.census.gov/" rel="nofollow">Census Bureau</a> and the <a href="https://www.nahb.org/" rel="nofollow">National Association of Home Builders</a>.</p> <p class="mb-4">The Census Bureau has the most recent statistics on the average selling price for newly built homes, while the newest NAHB statistics for the average selling price are from 2019, but they have the most detailed breakdown of what goes into the price.</p> <p class="mb-4">So, we will use the average selling price of both and calculate the cost to build a house based on the NAHB breakdown. Because the numbers from these organizations aren’t an exact match, we’ll provide the average <em><strong>range</strong></em>. To simplify, the costs based on Census Bureau data will be colored <span style="color:#fcac00">yellow</span> and NAHB <span style="color:#0056b3">blue</span>.</p> <h2 class="mb-4">The Cost to Build a Homea</h2> <p class="mb-4">Total construction costs make up around <a href="https://www.nahbclassic.org/generic.aspx?sectionID=734&genericContentID=271883&channelID=311" rel="nofollow">61% of the sale price</a>. The rest of the price can be broken down into finished lot costs (18.5%), financing costs (1.7%), overhead and general expenses (4.9%), marketing costs (1.0%), the sales commission (3.7%), and builder profits (9.1%).</p> <p class="mb-4">Presumably, you are building a house to live in and not to sell, so we can discount some of the shares of the sale price. To determine how much it cost to build a house, you add construction costs, lot costs, overhead and general expenses, and builder profits, which rounds up to 94%. (93.6% to be precise).</p> <p class="mb-4">The average sale price of a new house according to the Census Bureau is $ <span style="color:#0056b3">390 900</span>, while according to the NAHB it is $ <span style="color:#0056b3">485 128</span>. To make the math simpler, we’ll round down to $<span style="color:#fcac00">390 000</span> and $ <span style="color:#0056b3">485 000</span>. So, how much does it cost to build a house? On average, between $<span style="color:#fcac00">366 000</span> and $ <span style="color:#0056b3">456 000</span>.</p> <p class="mb-4">We should also note that even if you are building to sell, you can avoid much of the costs associated with the sales process by <a href="https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor">selling on your own</a>. Conversely, your profits could be much lower if you don’t know how to navigate the intricacies of the <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax">capital gains tax</a> related to the sale of a home.</p> <h2 class="mb-4">Each Stage of Construction in Percentages</h2> <p class="mb-4">As the construction costs make up the bulk of house building costs ($<span style="color:#fcac00">237 000</span> – <span style="color:#0056b3">296 000</span>), it’s good to know how much each stage costs in percentages. This can help you plan better and make prudent fiscal decisions when deciding on how you want to build your house.</p> <h3 class="mb-4">Site Work</h3> <p class="mb-4">Site work includes acquiring building permits and the associated fees, impact, water, and sewage fees, then the cost of architecture and engineering, and other miscellaneous costs. This totals to around 6.0% of the construction costs, or $<span style="color:#fcac00">14 000</span> – <span style="color:#0056b3">18 000</span>.</p> <h3 class="mb-4">Foundations</h3> <p class="mb-4">Building foundations adds up to around 12% of the construction costs. It includes excavation, placing the foundations, pouring concrete, building the retaining walls and backfill, with other miscellaneous costs. In total, you will need to pay around $<span style="color:#fcac00">28 000</span> – <span style="color:#0056b3">35 000</span> to finish building the foundations.</p> <h3 class="mb-4">Framing</h3> <p class="mb-4">Framing includes framing the roof, the trusses, and sheeting, and some additional costs. Framing totals to around 17% or $<span style="color:#fcac00">40 000</span> – <span style="color:#0056b3">50 000</span>. At 17%, framing is the second most expensive stage of construction.</p> <h3 class="mb-4">Exterior Finishes</h3> <p class="mb-4">The cost of exterior finishes usually includes roofing, finishes on the walls, and windows and doors. It is approximately 14% or $<span style="color:#fcac00">33 000</span> – <span style="color:#0056b3">41 000</span>. Once again, these are only averages and the costs will vary based on how much work is being done.</p> <h3 class="mb-4">System Rough-Ins</h3> <p class="mb-4">System rough-ins include bringing in plumbing, electrical, and HVAC lines. However, this stage does not include connecting the lines, just bringing them in. It totals to around 15% of the total construction costs, or $<span style="color:#fcac00">35 000</span> – <span style="color:#0056b3">44 000</span>.</p> <h3 class="mb-4">Interior Finishes</h3> <p class="mb-4">The cost of interior finished is the most expensive construction stage and makes up a full quarter of the costs. At 25%, you will pay $<span style="color:#fcac00">59 000</span> – <span style="color:#0056b3">74 000</span>. This stage includes insulation, drywall, interior trims, flooring, painting, installing lighting and cabinets, etc. It is the most comprehensive stage of building a house.</p> <h3 class="mb-4">Finalizing Construction</h3> <p class="mb-4">About 11% more goes into the final steps. This can include building outdoor structures like patios and decks, landscaping, finishing the driveway, cleaning up, and other miscellaneous costs. In total, you will pay around $<span style="color:#fcac00">26 000</span> – <span style="color:#0056b3">33 000</span>. You can probably take care of some of these things personally, so if you are looking to cut costs, this stage should be your first stop.</p> <h2 class="mb-4">How Long Does it Take to Build a House?</h2> <p class="mb-4">On average, it takes about 7 months to build your own home from the ground up, <a href="https://www.census.gov/construction/nrc/pdf/avg_starttocomp.pdf" rel="nofollow">per the Census Bureau</a>. However, a lot of factors can affect the length of time needed, so you should always negotiate with your contractors and try to set clear time-frames. And be ready to be a bit flexible with the schedule, as that’s simply how it works in practice.</p> <h2 class="mb-4">The Average Cost to Build a House</h2> <p><img alt="The Average Cost to Build a House" class="img-fluid" src="https://sleeveuphomes.com/img/the-average-cost-to-build-a-house.jpg" /></p> <p class="mb-4">In summary, the average cost to build a single-family house is $<span style="color:#fcac00">366 900</span> – <span style="color:#0056b3">456 000</span>. But always remember that this is just the average and likely doesn’t apply to your situation. On the other hand, it can be a good foundation that will help you calculate and make plans.</p> <h2 class="mb-4">We Can Help You Get the Money to Build Your Dream Home</h2> <p class="mb-4">We understand that building a house costs a lot and the prices are intimidating. But <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help. We will buy your current house for the best price possible to help you get the money to build your dream home.</p> <p class="mb-4">You shouldn’t only be asking – how much does it cost to build a house? Instead, ask – can I get the money? If you sell to us, you won’t only have enough money but will be left with a good chunk in your wallet after construction is finished. Once you make your decision, contact us to <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a> and see how we can fit into your plans.</p>
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            • titleWhat Are Adjustable-Rate Mortgages?
            • body<p><script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-adjustable-rate-mortgages" }, "headline": "What Are Adjustable-Rate Mortgages? – Explaining the 3-, 5-, 7-, and 10-Year Arm", "description": "Your mortgage could determine your financial future. Learn what the 3-, 5-, 7-, 10-year ARM loans are, how they work, and their pros and cons.", "image": "https://sleeveuphomes.com/files/blog/246dbbef-4fb8…f-939c-0a6f83b6a709_adjustable-mortgage-rates.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-03-30", "dateModified": "2022-03-30" } </script></p> <p></p> <p class="mb-4">It is not easy to choose the right mortgage when you are thinking of buying a house. This single decision could determine your financial future for the decades to come. Thus, you need to think carefully. Is a 30-year fixed-rate mortgage the best? Or is a 10-year ARM preferable for your specific situation?</p> <p class="mb-4">Each situation is unique, so we can’t say what you should do. However, we can explain how adjustable-rate mortgages work and exemplify their pros and cons so that you can make an informed decision. This is precisely what this article will do, so let’s get to it.</p> <h2 class="mb-4">What Are Adjustable Rate Mortgages?</h2> <p class="mb-4">Adjustable-rate mortgages are one of the two primary types of mortgages, the other being fixed-term mortgages. <strong>An ARM is a loan that has a variable interest rate – i.e. an interest rate that changes over the life of the loan based on a specific ARM index</strong>.</p> <p class="mb-4">The initial interest rate of an ARM is fixed for a set amount of time and afterward changes periodically. Other names for ARMs are variable-rate mortgages and floating mortgages. There are many types of ARM loans, so we’ll use one of the most common ones as an example – the 10-year arm.</p> <h2 class="mb-4">What Is a 10-Year ARM Mortgage?</h2> <p class="mb-4"><strong>The 10-year ARM is a loan with a fixed interest rate for 10 years, and after the 10 years expires, the interest rate on the outstanding balance floats</strong>. An ARM loan is most often defined by two numbers, e.g. 10/1 ARM. The first number represents for how many years the interest is fixed, while the second one, called the adjustment frequency, denotes how often the interest rate is adjusted.</p> <p class="mb-4">So, if you took out a 10/1 ARM loan, you would have a fixed interest rate for 10 years and after that, the interest rate is adjusted yearly.</p> <h3 class="mb-4">Common ARMS</h3> <p class="mb-4">Once you understand how to read ARMs, the name itself tells you most of what you need to know. Some of the most common ones are:</p> <ul> <li class="mb-4">3/1 ARM</li> <li class="mb-4">5/1 ARM</li> <li class="mb-4">7/1 ARM</li> <li class="mb-4">10/1 ARM</li> </ul> <h2 class="mb-4">How Much Is Your Interest Rate with an ARM?</h2> <hp class="mb-4">Understanding how your interest rate is calculated is crucial when considering an ARM loan. After the fixed interest period expires, the interest rate on your loan is calculated based on the benchmark interest rate to which your loan is tied (called an ARM index) plus the margin. The ARM index is variable while the margin is fixed. Adding these two together is called the fully indexed rate. So: <p></p> <p class="mb-4"><strong>ARM index + ARM margin = fully indexed rate (how much you pay)</strong></p> <h3 class="mb-4">The ARM Margin</h3> <p class="mb-4">The ARM margin is determined by your lender and stays fixed through the life of the loan. If you have a good credit score, you can probably negotiate a low margin. Conversely, people with a low credit score will often get a high margin, as their loan is considered riskier for the lender. A typical ARM margin is between 2 – 3%.</p> <h3 class="mb-4">What Is the ARM Index?</h3> <p class="mb-4">The ARM index is the variable part of the ARM and the index that is used is determined by your lender. The index rate changes based on market factors. Some of the most common indexes used are the prime rate, London Interbank Offered Rate (LIBOR), Secured Overnight Financing Rate (SOFR; SOFR has started replacing LIBOR since 2020), and T-Bill.</p> <h2 class="mb-4">The Adjustable-Rate Mortgage Cap</h2> <p class="mb-4"><strong>Another key component of ARMs is the cap – the limit to which your interest rate can rise</strong>. Typically, the percentage of the interest rate is capped, but the cap can also apply to the principal and interest in dollars. The cap is represented by three numbers.</p> <p class="mb-4"><img alt="Adjustable Mortgage Rates" class="img-fluid" src="https://sleeveuphomes.com/img/mortgage-rates.jpg" /></p> <p class="mb-4">Let’s say you get an ARM loan with a 2-2-6 cap. The first number is the cap on the interest rate for the first adjustment period after the fixed-rate period expires, the second one is for later increases, while the third number refers to the lifetime cap. It is easier when you see an example:</p> <p class="mb-4">You get a 10/1 ARM with a 3% fixed interest rate and with a 2-2-6 cap. For the first 10 years, you are paying the 3% interest rate. The fixed-rate period expires and the mortgage rates rise by 3%. Because your loan has a 2% cap on the initial adjustment period, your interest rates can only rise by 2%, so now it is 5%.</p> <p class="mb-4">The next year, the same happens, but because the periodic adjustment rate cape is also 2%, your interest rate is now 7%. Finally, mortgage rates rise by 3% again the following year, but because the lifetime cap on your ARM is 6%, your final interest rate is 9%. Thus, after 13 years, you are paying 9% interest on your 10 year ARM and it can never go above that number.</p> <h2 class="mb-4">What Are the Advantages and Disadvantages of ARMs?</h2> <p class="mb-4">When buying a house, people typically prefer a fixed-rate mortgage, because it provides stability and because the interest rates won’t change over time. However, there are specific situations where an adjustable-rate mortgage loan is preferable.</p> <p class="mb-4">ARMs are usually cheaper in the initial loan period than a fixed-rate mortgage. So, the interest rates for a 10 year ARM will be lower for the first ten years than for a 30-year fixed mortgage. This also means you can qualify for a larger loan at the onset. The interest rates after the initial loan period expires may also continue to be low if the general mortgage rates are low, but this is not something you should ever count on.</p> <p class="mb-4">On the other hand, the interest rates, and consequently how much you pay, may rise significantly after the initial loan period. This is something your borrow counts on, which is why they are giving you such low initial rates. It’s your call if you want to bet against the banks expecting that mortgage rates won’t go up, but it’s definitely not recommended.</p> <p class="mb-4">That’s not to say that an ARM loan is never a good choice, you just need to know what you are getting. A 3-, 5-, 7-, or 10-year ARM could be a good choice if you intend to sell your house after the fixed-rate period is over. Similarly, an ARM may be a good option in case you are reasonably sure that you can refinance your mortgage for more favorable rates after the fixed-term period.</p> <p class="mb-4">However, don’t forget that properly navigating an adjustable-rate mortgage is more complex when compared to fixed-rate mortgages. In short, the advantages and disadvantages of ARMs are:</p> <p class="mb-4">Pros</p> <ul> <li class="mb-4">Lower rates in the initial fixed-rate term</li> <li class="mb-4">Easier to qualify for larger mortgages</li> <li class="mb-4">You will have lower interest rates if future mortgage rates go down</li> </ul> <p class="mb-4">Cons</p> <ul> <li class="mb-4">Interest rates will likely rise substantially during the life of the loan</li> <li class="mb-4">Complex to navigate</li> </ul> <h2 class="mb-4">What Are the Requirements for an ARM Loan?</h2> <p class="mb-4">The requirements for ARM loans are similar to other types of loans. You need to consider your credit score, the loan amount, and the down payment. The loan amount is limited by your lender and the area you live in, while your credit score allows you to negotiate better rates.</p> <p class="mb-4">The down payment is also similar to other types of loans – <strong>typically you need to put down 20% of the home’s price to avoid paying for private mortgage insurance</strong>. If PMI is not an issue, ARM loans often require as little as a 5% down payment to qualify.</p> <h2 class="mb-4">Is the Fixed-Rate Period on Your 10-Year Arm Expiring?</h2> <p class="mb-4">If your fixed-rate period is expiring and you are afraid of what the rising interest rates will do to your budget, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your house for top dollar and pay in cash. You don’t need to pay for repairs, hold open houses, or prepare your house in any way – we buy as-is.</p> <p class="mb-4"><a href="https://sleeveuphomes.com/request-offer?">Request a no-obligation cash offer</a> and see how much you can get for your house, no strings attached. We guarantee you can pay off your loan, have enough for the down payment on a new house, and have money left over. On top of that, you can close in 7 days, if speed is of the essence.</p> </hp> <p></p> <p></p> <p></p> <p></p> <p></p> <p></p> <p></p>
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          • 5(array)
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            • slughow-long-does-a-foreclosure-stay-on-your-credit
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            • autor_nameSleeveUp Homes
            • titleHow Long Does a Foreclosure Stay on Your Credit?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-long-does-a-foreclosure-stay-on-your-credit" }, "headline": "Consequences of Foreclosure: How Long Does a Foreclosure Stay on Your Credit?", "description": "How long does a foreclosure stay on your credit report? Learn more about this and the other consequences of foreclosure in a 5-minute read.", "image": "https://sleeveuphomes.com/files/blog/2a7691f0-3229…f6e-981004d65015_foreclosure-sleeveup-homes-3.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-05-04", "dateModified": "2022-05-04" } </script> <p class="mb-4">Building your credit score is a lengthy process that requires organizational skills, responsibility, and sound financial management. Nevertheless, all of this can be insufficient when misfortune hits and you lose control of your finances. Missing a mortgage loan payment could have severe repercussions on your credit score. If this happens to you, you are probably wondering - how long does a foreclosure stay on your credit report?</p> <p class="mb-4"><strong>A foreclosure stays on your credit report for seven years</strong>, after which it is automatically removed. Some special circumstances could prolong the period to 10 years, but it is usually gone the day after the seven-year period expires. That day is precisely seven years after the date of your first delinquency, so the first time you missed your mortgage payment.</p> <p class="mb-4">But foreclosure is a complicated process. On top of the fact that many people feel humiliated and frustrated, the unfamiliarity of the situation is nerve-wracking. How long the foreclosure stays on your credit is a fixed element, but there are things to do before and after the closed foreclosure.</p> <p class="mb-4">There are things to know and act upon to reclaim control over your payment history, all of which will be discussed in this article.</p> <h2 class="mb-4">The Foreclosure Process</h2> <p class="mb-4">When you borrow money to buy a property, you sign a contract with the lender. By putting your signature on it, you agree to the terms and the consequences of non-compliance. <strong>Foreclosure is a legal process that happens after a borrower fails to uphold the terms of the contract; most often it occurs when there have been late payments</strong>.</p> <p class="mb-4">Closed foreclosure means that the lender has taken over the ownership of the mortgaged property. Before a lender recovers the owed default by taking the house, the pre-foreclosure process starts and it can last more than 900 days.</p> <p class="mb-4">Because each state has autonomy over foreclosure regulations, there are variations in the process, but it all starts with at least one or two missed mortgage payments. When you don’t pay your bills on time, you first get a missed payment notice as a reminder.</p> <p class="mb-4">After the next unpaid installment, the lender will send you a demand letter. <strong>These two letters are notices of a sort, but getting them does not mean that you have entered the foreclosure process</strong>. Only after 90 days of missed payments will the lender send you a <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a>, which starts the foreclosure.</p> <p class="mb-4">The reinstatement period occurs after you have received the letter of default and lasts for thirty days. Reinstatement will hurt your credit score but not damage it in the long run. So how long does a foreclosure stay on your credit report if the foreclosure process is not completed?</p> <p class="mb-4">It depends on the height of the score before the foreclosure. People with higher scores get hit more severely, and the reinstatement period is the last chance to save that credit history.</p> <h2 class="mb-4">Types of Foreclosure</h2> <p class="mb-4">As mentioned above, states have autonomy over the foreclosure process, so the regulation is different almost everywhere. What varies the most is the time limits of the pre-forclosure process, as well as the process of <a href="https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure">selling a property</a> - which is an actual act of foreclosure.</p> <p class="mb-4">Two main types of foreclosure are used in the US: one goes through legal channels, and the other one avoids it. <strong>The nonjudicial foreclosure process is called the power of sale, and it is a common practice in 28 states</strong>. It is a speedy process that allows the lender to sell the property or hire a third party to sell the property.</p> <p class="mb-4"><strong>The judicial process takes much more time, so the 22 states that use it have a higher average number of days in the foreclosure process</strong>. This is because the procedures have to go through court and prove that the borrower is delinquent. After the court decides to approve the foreclosure, the judicial process allows the lender to own the property and sell it traditionally or allow a sheriff’s sale.</p> <p class="mb-4">A sheriff’s sale is an auction managed by the local authorities where the mortgaged property is sold to the highest bidder. After the lender collects their owed sum, the rest (if there is any) goes back to the borrower.</p> <h2 class="mb-4">How Long Does a Timeshare Foreclosure Stay on Your Credit?</h2> <p class="mb-4">Timeshares can be foreclosed on, too. When it comes to shared property, or vacation homes, paying a mortgage payment comes with an addition of maintenance fees that are treated with equal importance. How long does a foreclosure stay on your credit score if a timeshare is being foreclosed on? Once again, seven years.</p> <p class="mb-4"><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-effects-sleeveup.jpg" /></p> <p class="mb-4">Timeshare foreclosure could strip you of 100 points and prevent you from getting other mortgages until the record is clean again. Similarly, <strong>the interest rates and insurance premiums are higher for people with any type of foreclosure on the record</strong>. So, the fact that you are sharing the property does not mean that you will not face the same consequences if you default.</p> <h2 class="mb-4">Foreclosure’s Effect on Your Credit Report</h2> <p class="mb-4">Foreclosure leaves consequences on the credit report, and there is no way around it. That is a seven-years-long reminder for lenders that they are dealing with a “risky” borrower. This could impact the borrower’s life negatively in many ways.</p> <p class="mb-4">First, <em>the interest rates get higher and the credit cards’ limits lower</em>. Foreclosure could negatively impact the borrower’s future job search, as <strong>it is legal in some states for an employer to access their employees’ financial history records</strong>.</p> <p class="mb-4">Since it is much harder, if not impossible, for a borrower to take out another mortgage and buy a house, they have to rent. Renting is also challenging because landlords have access to credit history records, too.</p> <p class="mb-4">There is another hidden cost that surprises people after the closed foreclosure. Let’s say you owe $300,000 for a property that got auctioned for $400,000. The IRS expects you to report that $100,000 as income on your taxes. You could circumvent this if you filed for bankruptcy or some other extenuating circumstance.</p> <h2 class="mb-4">How to Build up Credit After Foreclosure</h2> <p class="mb-4">Wondering - how long does a foreclosure stay on your credit report - should not stop you from working on improving it and building it even before the foreclosure gets removed. There are ways that you can proactively work on bettering your bad credit.</p> <p class="mb-4">What will help your credit score the most after the foreclosure is to maintain paying all other bills on time. Pay more than a minimum payment whenever possible and pay it before the due date, to keep that 35% of your score calculation safe.</p> <p class="mb-4">Another 30% of the score calculation goes to the credit utilization rate, and you should keep it as low as possible. Mainly, it is a number that represents how much of the available credit you use. It is okay if you use less than 30% of what is available, but 10% would be perfect.</p> <p class="mb-4">There are means by which you can build your credit score, such as applying for a secured credit card or a credit-builder loan. <strong>Credit builders are financial options for people who have no credit reputation or have a bad credit history, but they could come with high fees or deposits.</strong></p> <h2 class="mb-4">Avoiding Foreclosure</h2> <p class="mb-4">How can you <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">avoid foreclosure</a> if you are behind on mortgage payments? A foreclosure could sometimes be avoided by having open communication with your lender even before you fall too far behind on your mortgage payments.</p> <p class="mb-4">There is a big chance that your lender will hear you out if you lost your job or have some medical issues. And it’s not about your lender being empathetic to your plight (although that could be true for some), but that the foreclosure process is tiring and expensive for them as well.</p> <p class="mb-4">If this is not the case, you could request a forbearance period, during which you are expected to get back on track, save up, and pay back what you had owed before. Some people cannot achieve this, and they usually opt for a loan modification or refinance if it is possible.</p> <p class="mb-4"><img alt="Foreclosure Notice" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-notice (2).jpg" /></p> <p class="mb-4">Those who are not eligible for any avoiding tactic and have to come to terms with losing the property still don’t have to face foreclosure. Conducting a short sale is the way to go, but you need to seek approval from your lender beforehand. Short selling the property will get you less money than what you owe, but the lender will forgive the rest because it is cheaper than going into foreclosure.</p> <h3 class="mb-4">Deed in Lieu of Foreclosure</h3> <p class="mb-4">The deed in lieu of foreclosure is an alternative to foreclosure that hits your record less severely. It is the agreement between you and your lender by which you are giving them the deed to your home, instead of them starting the foreclosure process.</p> <p class="mb-4"><strong>As soon as they collect their deed, the lender releases you from everything you owe</strong>. If you were wondering how long does a deed in lieu of foreclosure stay on your credit - it is four years.</p> <h2 class="mb-4">Sell Your Property Before It Is Too Late</h2> <p class="mb-4">When you realize you are in trouble - that is when you should act. If you know that the situation is not looking good and you have exhausted all other options, think about selling the house for top dollar before you even get to the default notice.</p> <p class="mb-4">No need to go through that stressful process or short selling, when <a href="https://sleeveuphomes.com/">SleeveUp Homes </a>offers the best deals for your property as-is and trully delivers. <a href="https://sleeveuphomes.com/request-offer?">Request a cash offer</a> to see how much money would be left over after you’ve paid off your debts if you sell to SleeveUp Homes.</p>
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            • short_descriptionHow long does a foreclosure stay on your credit report? Learn more about this and the other consequences of foreclosure in a 5-minute read.
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            • titleWhat is a Deed of Trust?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-deed-of-trust" }, "headline": "What is a Deed of Trust?", "description": "Some states use a deed of trust as their primary form of real estate transaction. Read this article to understand what it is and how it differs from a mortgage", "image": "https://sleeveuphomes.com/files/blog/cd1bd7dc-a6ef-46f8-ba95-2371020ef112_couple-documents-.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-06", "dateModified": "2022-06-06" } </script> <p>Most potential homebuyers rely on some type of financing when purchasing a property because only a few people can afford to buy it in cash. Financing comes from a lender who lends the money for the real estate transaction, but they can do it in a few ways. The most common types of house financing are a mortgage loan and a deed of trust.</p> <p><strong>Deeds of trust are legal documents that play an important role in the house buying process and secure a real estate transaction</strong>. This agreement has three parties involved - the lender, the borrower, and the third unbiased subject that protects the assets and acts as a title holder until you pay off the loan.</p> <h2>What Does a Deed of Trust Include?</h2> <p>A deed of trust secures the purchase, but it needs to include some features to be legally binding. It has many parts, but each trust deed has to have an initial loan amount that sets the exact amount of money a lender invests in that property. This is set by extracting the down payment from the house's selling price.</p> <p><strong>In addition to the loan amount, a deed of trust also includes the length of the loan and the loan requirements</strong>. The loan length decides on the time frame during which you would pay off the loan by monthly payments. The loan requirements differ according to each borrower's unique situation, but they specify the conditions that you must obey. For example, you might need to pay mortgage insurance, prepayment penalty, or occupy the property as your primary residence.</p> <p>Of course, each purchasing and lending agreement must have a property description that goes into detail about the property and the rights that you, as a homebuyer, have regarding that property.</p> <p>Furthermore, <strong>each deed of trust will have clauses that protect the lender from losing the money they invested</strong>. One of them would be an acceleration clause which is triggered by a borrower’s delinquency and serves as a foreclosure precaution.</p> <p>Another clause refers to full repayment in case of selling the property, so the lender doesn’t risk the same loan terms for new owners. Above all else, the deed of trust explicitly and in detail explains the relation between the three parties involved in the real estate transaction.</p> <h2>Who Are the Subjects in the Deed of Trust?</h2> <p>As mentioned above, there are three key players in the deed of trust, all with their obligations and rights specified in the document. <strong>It involves a trustor (homebuyer, borrower), a beneficiary (lender), and an impartial trustee</strong>. Although an impartial party, a trustee works to protect the beneficiary's assets in case of borrower defaults or property sale.</p> <p>The borrower is called a trustor because their assets - a legal title of the property - are put into trust. A trustor is the holder of the equitable title, which means that they have the right to occupy the house and earn equity with each payment but don’t legally own it until they have paid off the loan.</p> <p>The lender is the beneficiary of the deed of trust because their investment is being protected. The document guarantees that you will pay back the money they gave you with interest. However, a beneficiary could be someone you signed a land contract with; it doesn’t have to be a lender.</p> <h3>What Is a Promissory Note?</h3> <p>Although the deed of trust requires a promissory note, the two are not interchangeable. A <strong>promissory note is a document that serves as a promise that the borrower will pay the debt</strong>. You officially become a legal homeowner when the debt is paid by receiving the promissory note stamped “paid in full”, and when the trustee forwards you a title.</p> <p>A promissory note can be used in any loaning process; however, it is differently secured. A deed of trust secures the note using an impartial third party, while a mortgage leaves the lender to self-protect against the defaulting borrowers.</p> <h2>Deed of Trusts and Mortgage - Same, but Different</h2> <p><img alt="four hands waiving credit card mortgage bank" class="img-fluid" src="https://sleeveuphomes.com/img/mortgages-loan-finance-real-esta.jpg" /></p> <p>A mortgage loan is another form of real estate transaction security, which involves only two parties and no intermediates. The situation doesn’t change much for the borrower, in both cases, they would have an obligation to pay monthly installments to the lender, build equity in their home, and pay interest for the loan.</p> <p>However, with a mortgage loan, <strong>the situation changes for the lender, as they would be responsible for starting the foreclosure process</strong>, whereas that responsibility lies with the trustee upon signing the deed of trust. Most differences between a deed of trust vs. mortgage loan lie when it comes to foreclosure, but each contract would be unique, so make sure you get familiar with the events in case of a default.</p> <p>The foreclosure would depend not only on the contract that you signed but also on the type of foreclosure that is the common practice in your state. There are judiciary and non-judiciary foreclosures - one goes to the judge and the other lender deals with through public auctions.</p> <p>A judiciary foreclosure might seem fairer, but non-judiciary is a much faster foreclosure process. Foreclosure is about taking the equitable title and striping you out of homeownership, so paying the monthly mortgage payments is of utmost importance.</p> <h3>Deed of Trust Vs. Warranty Deed</h3> <p>Deeds of trust and warranty deeds are two types of agreements that deal with the title of the property. The key difference lies with the protected actor of those two agreements. <strong>While a deed of trust protects the beneficiary or the lender, a warranty deed protects the homebuyer</strong>. It is a document signed by the grantor and the grantee, or a seller and a buyer.</p> <p>A warranty deed is created for the purpose of transferring the title of the property during a home sale from previous owners to the new owners. That document stands to protect you from any liens or future claims against the property you’ve just purchased.</p> <h3>Deed of Trust Vs. Escrow</h3> <p>An escrow holder can be a title company, so many people might confuse a deed of trust with an escrow. However, these two play totally different roles in the home buying process. An escrow is set to protect both parties equally, while a trustee looks out after the interest of the beneficiaries.</p> <p>An escrow is a method of a real estate transaction in which a third party serves as a holder of assets until all obligations are fulfilled. If you were to buy a house and borrow money from the lender, an escrow representative would be making sure that you, the lender, and the seller are all playing fair and that no one is falling short.</p> <h2>Deed of Trust and Home Purchases in California</h2> <p><img alt="deed of trust house selling buying bank California" class="img-fluid" src="https://sleeveuphomes.com/img/house-and-money-on-the-graph.jpg" /></p> <p>California is one of twenty states that practice deeds of trust as a home buying financing tool, in place of a mortgage loan. On that list, you will also find Oregon, Washington, Texas, and North Carolina. These are also the states that use a nonjudicial and expedited foreclosure most commonly. Additionally, a deed of trust is a public record - you can record it with a county clerk and the process is the same in all these states.</p> <h2>Selling a House under the Deed of Trust</h2> <p>There is a special advantage that a deed of trust has over a mortgage. It favors the lender and it refers to the power of sale or the public auction organized by the trustee and authorizes by the beneficiary.</p> <p>The conveyance clause says that a borrower grants and conveys to the trustee the power to sell the property's title. The power of sale clause is not common with mortgages, but some lenders will include it in the Closing Disclosure if the borrower hasn’t quite proved their creditworthiness.</p> <p>If you feel like the walls are closing around you, and don’t want to go through the foreclosure process, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your house for top dollar, as is. Don’t believe us? Check out our website and <a href="https://sleeveuphomes.com/request-offer?">get the cash offer now</a> - see it for yourself.</p>
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            • short_descriptionSome states use a deed of trust as their primary form of real estate transaction. Read this to understand what it is and how it differs from a mortgage.
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            • titleHow to Minimize Capital Gains Tax on Property
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax" }, "headline": "The Tax Implications of Selling a House– How to Minimize Your Capital Gains Tax on Property", "description": "You should understand the tax implications of selling a house before you decide to sell. Read on to learn how to find the best solution for your situation.", "image": "https://sleeveuphomes.com/files/blog/7ab9414e-3579-4f4f-97fb-1f0dfaf43d34_tax-documents-lying-on-the-tabe.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-07-22", "dateModified": "2022-07-22" } </script> <p>Selling a home is by no means an easy process, and that excludes the accompanying bureaucratic hurdles and tax considerations. Before dealing with the capital gains tax on property, you need to market the house, find the right buyer, and negotiate the price.</p> <p>In this article, we’ll explain the tax implications of selling a house and give advice on the tax strategy that can save you the most money.</p> <h2>Short-Term Capital Gains vs. Long-Term Capital Gains</h2> <p>The first factor that will impact your taxes is whether the profits from the sale are classified as short-term or long-term. The profits will be considered short-term if you sell a house that you’ve held for less than a year, while the gains from selling a house that you’ve held for more than a year are considered long-term.</p> <p>This distinction is important because long-term gains are taxed more favorably. <strong>Based on the profits, the tax rate will be either 0%, 15%, or 20%</strong>. Short-term gains are taxed as ordinary income, which means that they depend on your personal income tax rate, which can range from 10% to 37%.</p> <p>Further, as the gains from the sale are added to your yearly income, it’s highly likely that it will push you to a higher tax bracket than you already were in. As far as the tax implications of selling a house go, your best option is to sell only after you’ve held the house for more than a year.</p> <h3>Calculating Taxable Income</h3> <p>Total taxable income is how you determine how much you need to pay and what tax bracket you fall into.<strong> It is the amount on which your household pays income taxes</strong>. There are three steps to calculating your taxable income:</p> <ol> <li>Filing jointly or separately</li> <li>Report every and all types of income</li> <li>Figure out deduction and, ultimately, total taxable income</li> </ol> <p>When reporting your income, it is important to include short-term capital gains - that way, you’re paying capital gains tax on a property together with other incomes. Long-term capital gains are taxed separately from regular income and don’t push you to another tax bracket.</p> <h2>Primary Residence vs. Secondary Residence</h2> <p>The second factor that will impact the taxes you have to pay is whether the home you are selling is considered your primary residence or not. <a href="https://www.irs.gov/businesses/small-businesses-self-employed/sale-of-residence-real-estate-tax-tips">Per IRS rules</a>, your primary residence is the home you’ve:</p> <ul> <li>lived in for two of the last five years</li> <li>owned for two of the last five years.</li> </ul> <p>You don’t have to live in and own the home consecutively, but <strong>both need to have happened in the same 5-year time frame</strong>. Further, you can only have one primary residence. Even if you somewhat equally divide your time between two homes and both would meet the conditions for a primary residence, only one can qualify.</p> <p>The home you spend most of your time in will be your main home and, thus, your primary residence. This classification is important because you can exclude a large sum from the capital gains tax if you sell your primary residence.</p> <h2>Capital Gains Tax on Your Primary Residence</h2> <p>If the value of your house rose from the time you bought it and the time you sold it, you are liable to pay capital gains tax on a property based on the profits, regardless of whether the profits are considered short-term or long-term gains. However, that’s where the primary <em>residence category comes</em> in.</p> <p>If you are single and selling your primary residence, you can exclude $250,000 capital gains taxes. If you are married and you and your spouse file jointly, you can exclude $500,000. So, generally speaking,<strong> if you bought a home for $150,000, made it your primary residence, and sold it for $300,000, the $150,000 you made is your capital gain.</strong></p> <p>When you report the sale and proceeds at the end of the year, you’ll need to fill out the worksheets in <a href="https://www.irs.gov/taxtopics/tc701">IRS Publication 523, Selling Your Home</a>.</p> <p>However, you don’t need to pay any capital gains tax on a property, as the profit did not exceed $250,000 or $500,000. On the other hand, if the gains are larger than $250 000 (or $500,000 if married and filing jointly), you will be taxed 0%, 15%, or 20% based on the profits.</p> <p>There is one additional exception to the capital gains exclusion – you can only qualify once every two years. For example, let’s say you bought your home in 2010 and lived there until 2019, making it your primary residence. In 2019 you inherited a home and started living there full-time.</p> <p>In 2020 you sold your old home, and as it’s still your primary residence, you are exempt from the capital gains tax. By 2021, your new home will officially be considered the primary residence, but you wouldn’t be able to qualify for the exemption until 2022 because 2 years have not passed since the previous sale.</p> <h2>Capital Gains Tax on a Secondary Residence</h2> <p>The tax implications of selling a house that is not your primary residence largely depend on whether the profits are considered short-term or long-term capital gains. In general, the gains are short-term if you’ve owned a property for less than a year before selling it.</p> <p>As discussed previously, long-term capital gains qualify for taxes based on capital gains tax rates - usually lower than regular income taxes. If you’ve held your home for more than a year, the profits from the sale will be considered long-term capital gains.</p> <p>There’s no exemption to the <em>capital gains tax on secondary property</em> like there is with a primary residence, but still, the capital gains tax rate is generally lower than your regular income tax, especially if the gains were to push you into a higher tax bracket.</p> <h2>Deductions for Home Expenses</h2> <p><img alt="The Tax Implications of Selling a House" class="img-fluid" src="https://sleeveuphomes.com/img/The Tax-Implications-of-Selling-a-House.jpg" /></p> <p>You can also use another method to reduce the taxes you pay. As your gains are calculated by deducting the cost basis of your property from the price you sell it for, you can lower your taxes by <em>increasing the cost basis</em>, thereby reducing your gains.</p> <p>The cost basis is the price you paid for the home plus the value of any improvements and additions you made and the fees and expenses associated with the purchase itself. So, if your initial cost basis was $150,000, but you’ve added a pool and renovated the kitchen, totaling to $30,000, and your closing costs were $5,000, your new cost basis is $185,000.</p> <p>You can even add smaller improvements, like installing new windows or a central heating system, to your cost basis. However, you can’t add the cost of repairs that are necessary to make the home livable but don’t add to its value or prolong its life.</p> <p>This would include things like fixing leaks, replacing broken hardware, or filling holes and cracks. In addition, you can’t add the cost of improvements with a life expectancy of less than 1 year when installed to your cost basis.</p> <h3>Capital Gains Exemption for Seniors</h3> <p>Capital gains tax on property has no age-based exemptions as of the late 20th century. Before 1997 the government allowed people over the age of 55 to exempt up to $125,000 from the property sale to better prepare for retirement. Today, capital gains exemption for seniors is inadmissible - but the rule of “up to $250,000” ($500k for singles) still applies, like with any taxpayer.</p> <h3>Retirement Accounts</h3> <p>Capital gains tax on a property can be deducted only under one special circumstance - capital gains exemption for seniors is possible for those taxpayers who have<em> back-end retirement accounts</em>.</p> <p>Retirement accounts are usually front-ended, meaning that you can deduct the money you invested in these accounts only on the year when you invested. However, <strong>if you have a back-end retirement account, you can pay capital gains tax on property as the difference between the money you invested and the money you withdrew</strong>.</p> <h2>How to Avoid Paying Capital Gains Tax on Inherited Property?</h2> <p>The tax implications of selling a house that you inherited are slightly different than if you had bought it personally. The factors we listed – whether you made it your primary residence before selling and whether the profits will count as short-term or long-term gains – still apply.</p> <p>However, what differs is the cost basis that is used to calculate the gains from the sale. For most properties you buy, <strong>the cost basis is the money you initially paid plus any capital investments you made to increase the value of the property, minus the allowable depreciation.</strong></p> <p>Once you deduct this basis from the amount you sell the house for, you have your gains. However, the cost basis is calculated differently for a house you inherit. It is based on the fair market value of the property at the time of the prior owner’s death and not how much it was initially worth.</p> <p>So, if you inherit a house that was bought in the 1980s for $50,000, that is not the cost basis that will be used to calculate the gains if you sell it. This is called a step-up in a basis and is a good thing if you intend to sell the inherited property.</p> <p>If the basis of the house that was bought for $50,000 is stepped up to its fair market value, let’s say $300,000, and you sell it for that amount, you don’t have to pay any capital gains tax on a property. Conversely, if the cast basis was still $50,000 and you sold it for $300,000, you’d have to pay capital gains tax on $250,000.</p> <h3>The Best Way to Sell an Inherited Property</h3> <p>Selling a home soon after you inherit it and before its value goes up can be a good option. Restoration companies like <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> will buy inherited homes for a good price without charging you a realtor’s commission, and you don’t have to invest in repairs or pay capital gains tax. In essence, it can be pure profit.</p> <p>Contact us and <a href="https://sleeveuphomes.com/request-offer">request an offer</a>. That’s the only way to check what we provide - quick and easy home sale, guaranteed $10K more than others, and, most importantly, a reliable buyer.</p> <h2>Capital Gains Tax: Short Rundown</h2> <p>Taxes are mostly unavoidable, but they’re not all built the same. Your best option is if you are selling a house that is your primary residence, as you can exclude $250,000 or $500,000 from your capital gains tax.</p> <p>If you are not selling a primary residence, you should check whether the profits will qualify as short-term or long-term gains – the tax rates for short-term gains are usually higher. Finally, the same rules apply to a house that you purchased or inherited, with the exception of how the cost basis is calculated.</p>
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            • short_descriptionYou should understand the tax implications of selling a house before you decide to sell. Read on to learn how to find the best solution for your situation.
            • keywordsHow to Minimize Capital Gains Tax on Property
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/non-judicial-and-judicial-foreclosure" }, "headline": "Foreclosure Types: Non-Judicial and Judicial Foreclosure", "description": "Depending on where you live, your lender can begin a non-judicial or a judicial foreclosure process. Find out more about them in this article.", "image": "https://sleeveuphomes.com/files/blog/f2bb94b8-3699-4150-9926-06ca34943023_house-with-gavel-and-law-books-real-estate-law.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-08-01", "dateModified": "2022-08-01" } </script> <p>A judicial foreclosure is always faster and cheaper than a nonjudicial one. However, it is much more complicated and requires a lot of paper work.</p> <p>A nonjudicial foreclosure is typically quicker and easier than a judicial one, but it does require some paperwork.</p> <p>Most lenders are able to choose whether to go through a judicial or nonjudicial process. Some states allow both types of foreclosures, while others limit lenders to just one type.</p> <p>To compare the two types, we first need to get aquainted with both of them. That is precisely what we will do in this article.</p> <h2>More About Judicial Foreclosure</h2> <p>A judicial foreclosure occurs when a lender files a lawsuit against the borrower and asks a judge to issue a judgment ordering the sale of property to satisfy the debt. This process usually takes place after the borrower fails to make payments on the mortgage.</p> <p>If the borrower does not respond to the lawsuit, the lender wins the case and gets permission to sell the house to pay off the outstanding amount.</p> <p>Nonjudicial foreclosures take place outside of court. They often happen when borrowers fail to make payments and the bank decides to file a lawsuit to force the sale of the home</p> <p>Judicial foreclosures are much different because they involve a legal proceeding where the lender must prove that the borrower owes money and that he/she did not properly repay the loan. In addition, the lender must show that the borrower failed to comply with the terms of the contract.</p> <h2>What Are the Steps of Judicial Foreclosure</h2> <p>Once the lender obtains a judgment, it must file a lis pendens notice - a document that alerts potential buyers about the pending action.</p> <p>If the borrower does not respond within 20 days, the lender can request a writ of execution, which allows the sheriff to seize the property. At this point, the lender takes control of the property and sells it at auction.</p> <p>If you are facing a foreclosure situation, it is important to know what steps to take next. In some cases, homeowners can avoid foreclosure by paying off their debts. However, many lenders do not accept partial payment plans.</p> <p>Your best option is to contact a lawyer who specializes in foreclosing properties. An experienced attorney can help you determine whether you qualify for a short sale or deed in lieu of foreclosure. These options allow you to keep your home while saving money.</p> <h3>Judicial Foreclosure Triggers</h3> <p>A judicial foreclosure is typically initiated when a borrower defaults on his mortgage loan. If you miss one or multiple payments, you are considered in default and the lender can file a lawsuit against you.</p> <p>This process starts with a letter informing you that you are now in default. You will receive a copy of the complaint, along with a summons, which requires you to show up in court within 30 days.</p> <p>Once there, the judge will decide whether or not to grant the lender’s request for a judgment against you. If the judge does agree, it will set a date for the sale of your property. At this point, the bank will send out notices to anyone who might claim ownership of the home.</p> <p>These notices include information about the upcoming auction and how to redeem the property. The bank will hold the auction and sell the house to the highest bidder. After the sale, the proceeds go towards paying off the remaining balance due on the loan.</p> <h2>Non-Judicial Foreclosure</h2> <p>A nonjudicial foreclosure is different than a judicial foreclosure. In a nonjudicial foreclosure, there is no court involved. Instead, the lender files paperwork directly with the county recorder’s office.</p> <p>This allows lenders to speed up the process and save money. However, it does mean that homeowners do not have legal representation during the proceedings.</p> <p>The process of nonjudicial foreclose varies more widely from state to state. Some states require the lender to file a <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a> and provide 30 days for the borrower to cure the problem.</p> <p>Other states allow borrowers to skip those steps and go straight into a nonjudicial foreclosure. Still others require a court hearing before proceeding with the foreclosure.</p> <p>In some cases, the lender may choose to use a power of sale rather than a deed of trust. Under a power of sale, the lender simply sells the property to itself. If the owner fails to pay the mortgage, the lender takes possession of the home.</p> <p>There are several ways to stop a foreclosure. One way is to ask for a loan modification. Another option is to file an appeal. You can also ask the lender to postpone the foreclosure while you work out a payment plan. Finally, you can hire a lawyer to help fight the foreclosure.</p> <h2>Average Duration of a Foreclosure</h2> <p>Foreclosures are complicated processes that often involve multiple parties. A lender files a notice of default with the county recorder’s office, and the borrower has 30 days to cure the problem.</p> <p>If the borrower doesn’t pay the mortgage, the lender sends out notices to the borrowers’ creditors, including credit card companies and utility providers. After the borrower misses three payments, the lender starts the process of selling the house.</p> <p>This includes filing a lawsuit against the homeowner and taking it to court. If the judge rules in favor of the lender, the property is auctioned off. The proceeds go toward paying off the debt.</p> <p>The average length of a foreclosure depends on where you live. In California, foreclosures typically last about 45 days. In Texas, it takes about 60 days. The longest recorded period took place in New York City, where the average foreclosure lasts nearly four years.</p> <h2>Foreclosure Consequences</h2> <p>Foreclosures are one of the most stressful things that can happen to anyone. They can cause financial problems for months or even years.</p> <p>Foreclosure can significantly decrease your credit score and stay on it for several years, making it practically impossible to obtain a new loan.</p> <h2>Avoiding Foreclosure</h2> <p>Forbearance programs are available though the federal government, but it’s important to understand how they work. You must qualify for one of these programs, and lenders often require additional documentation about your financial situation.</p> <p>If you do qualify for forbearance, your lender may lower your interest rate or extend the length of your loan. Lowering your payments could potentially save you thousands of dollars.</p> <p>A deeded-in-lieu of foreclosure allows homeowners to give away their property without having to go through the process of foreclosure.</p> <p>This option will help you prevent foreclosure if you cannot afford the current payment amounts. Depending on where you live, there are several different types of forbearance programs available.</p> <h2>Selling Your House Before It Gets Complicated</h2> <p>When you have dried out all other resources and are predicting to have a tough financial situation for a foreseeable future - selling a house could be the best way to avoid foreclosure.</p> <p><a href="http://sleeveuphomes.com">SleeveUp Homes</a> provides the best and the fastest service. We will buy your house for a top-dollar, with $10,000 more on the table than what others would offer.</p> <p>You don't have to go through a regular selling process, with repairs and showings adding to your stress. Contact us and<a href="https://sleeveuphomes.com/request-offer"> request an offer</a> today.</p>
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            • short_descriptionDepending on where you live, your lender can begin a non-judicial or a judicial foreclosure process. Find out more about them in this article.
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            • titleWhat Is an Acceleration Clause?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/acceleration-clause" }, "headline": "Acceleration Clause: The Triggers, Examples, and Mortgage Reinstallment", "description": "Acceleration clause may give lenders legal power to obtain ownership over your property if you don't meet certain conditions. Find out more in this article.", "image": "https://sleeveuphomes.com/files/blog/54fde790-f560-43d6-a89b-20be21050684_signing-documents.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-08-01", "dateModified": "2022-08-01" } </script> <p>What exactly is an acceleration clause, and where does it come from? What should you look out for when drafting these clauses into contracts?</p> <p>An acceleration clause (sometimes called an escape clause) is inserted at the end of a contract to provide protection against unforeseen events.</p> <p>In other words, this type of clause permits the lender to request a full repayment of the debt, in case the borrower does something against the loan contract. The acceleration clause actually specifies exact conditions that could trigger the lender to ask for accelerated payment.</p> <p>An acceleration clause may also include early termination fees, penalties, or liquidated damages. It protects the lender in case a borrower defaults on a loan or their credit score drops significantly.</p> <p>Let's go though everything you need to know about the acceleration clauses.</p> <h2>What Is an Acceleration Clause?</h2> <p>Acceleration clause gives the lender the power to immediately foreclose on your property if you fail to make payments. This clause is usually included in mortgages because it gives the bank the ability to recoup some of its losses, if you default on your loan.</p> <p>An acceleration clause does not mean that the bank wants to take over your home. Rather, it simply gives the bank the option to do so if necessary.</p> <p>When a homeowner breaches the contract, it becomes a liability for the lender. Additionally, banks might use that breach to foreclose a property and make a sale in a better market.</p> <p>When a borrower pays the requested amount, they get a legal title of the property and are no more in debt to the lender.</p> <h3>Due On-Sale Clause</h3> <p>Similarly, a due on-sale clause lets the lender force you to pay off the entire balance of your mortgage if you sell your home without informing the lender beforehand.</p> <p>If you don't inform the lender about your sale, they can still sue you for breach of contract. However, the lender cannot claim damages unless you actually sell your home, so there are ways around this.</p> <p>For example, you could give notice that you're selling the home, but tell the buyer not to close escrow until the end of the month.</p> <p>Then, once the buyer closes escrow, you notify the lender that the deal fell through. Your lender cannot use an acceleration or due on-sale clause against you if you move out of your home and transfer ownership to another person. In fact, most states prohibit banks from doing so.</p> <h2>Triggers for Accelerated Payments</h2> <p>Too many unpaid mortgage installments will most likely trigger acceleration, but sometimes even one monthly payment can do it. Lenders can include a minimum your credit score can reach before they request accelerated payment.</p> <p>Some states require lenders to give homeowners a certain amount of time before accelerating a loan. In Arizona, for instance, borrowers must receive 30 days' written notice.</p> <p>If you decide to sue the bank, you'll want to file your case within 90 days of receiving <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a>. In many cases, courts will look at whether the borrower had enough time to catch up on missed payments.</p> <p>For example, if the borrower misses one payment and sends a letter saying he wants to stop working with the lender, the court might find that the borrower didn't have enough time to catch up.</p> <p>In this article, we'll help you get familiar with various acceleration triggers to look out from.</p> <h3>Not Paying Homeowners Insurance</h3> <p>If you are buying a home, you probably already know that you need to purchase homeowner’s insurance. But what happens if you want to cancel it?</p> <p>If insurance installments are listed as a contingency for accelerated payments, the lender can start the process of requesting balloon payment as soon as you cancel it.</p> <p>This is because canceling the insurance might signal to the lender that you are selling the property. When you no longer own the home, you no longer need to carry homeowner’s insurance.</p> <h3>Not Paying Property Taxes</h3> <p>Your home will be seized if it fails to meet the state’s property taxes. This is because the state has the authority to sell the land itself and use the money to fund public projects.</p> <p>Escrow accounts are often included as part of a mortgage agreement. These accounts hold funds that are used to make regular payments to lenders. When a payment isn’t received, the lender usually sends the account holder a letter letting him know about the missing payment.</p> <p>Failure to respond could result in foreclosure proceedings being initiated against you. A missed payment could lead to a lien being placed on your property. This puts the bank in charge of making sure that the property owner pays his bills.</p> <p>You might think that paying the bill would prevent the lien from being put on your property, but it doesn’t work that way. Once a lien is filed, it stays on record indefinitely unless you successfully challenge it.</p> <h3>Filing for Bankruptcy</h3> <p>A bankruptcy filing typically causes lenders to accelerate mortgages. This means that payments are due immediately, even though it's possible to negotiate a repayment plan.</p> <p>If you miss one payment, the lender could turn off the power, cut off water and gas, or take possession of your property. Your credit score could suffer, too.</p> <p>Lenders usually want to avoid foreclosing on borrowers because it costs money and takes time. They're likely to offer you some sort of loan modification or other concession. But if you don't make those payments, the lender might decide to foreclose anyway.</p> <h3>Title Ownership Changes</h3> <p>The law states that a lender must provide written notice of default within three days of discovering that the borrower transferred the property without the lender’s consent.</p> <p>If the lender fails to do so, it cannot enforce the terms of the promissory note against the subsequent owner.</p> <p>However, if the borrower sells the property to another person, the lender must notify the buyer about the unpaid balance. This is because the original borrower still owes the money even if he no longer owns the property.</p> <p>If you are considering selling your home, make sure to check out our article on how to sell your house fast.</p> <h2>Is It Possible to Undo Acceleration: Mortgage Reinstatement</h2> <p>A mortgage reinstatement allows borrowers who owe money on a home loan to continue making payments without having to sell the property. This process is called mortgage reinstatement because it brings the borrower back into compliance with their original terms.</p> <p>While the accelerated clause obligates the borrower to pay off the loan in its entirety, mortgage reinstatement allows them to pay off the amount they missed paying and brings them back to regular monthly payments.</p> <p>There are two main ways to obtain a mortgage reinstatement: 1. Loan modification and 2. Alternative repayment plan. Both options allow borrowers to keep living in their homes while avoiding foreclosure. However, there are different costs associated with each option.</p> <h2>In Need of Selling a House?</h2> <p>If, upon checking your mortgage contract, you conclude that it has an acceleration clause, and you are in an unenviable financial situation - it might be best to notify your lender and sell a property before you get foreclosed.</p> <p>What is inconvenient about urgent sales is the fact that you usually don't get top dollar for your home.</p> <p><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> actually creates a safe environment, even for short sales. We will buy your house as-is, in no time, and for $10 grand more than what others offer.</p> <p>But don't take our word for it, <a href="https://sleeveuphomes.com/request-offer">request an offer</a> and see it for yourself. Contact SleeveUp Homes if you are selling a house in California.</p>
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            • short_descriptionAcceleration clause may give lenders legal power to obtain ownership over your property if you don't meet certain conditions. Find out more in our article.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/assessed-value" }, "headline": "What Is the Purpose of Assessed Value?", "description": "Assessed value is a major factor in determining your property taxes. Learn about calculating it and the difference between assessed and appraised values in our article.", "image": "https://sleeveuphomes.com/files/blog/3e01d485-8578-4691-bd95-523c7d6e8c72_property-taxes.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-08-10", "dateModified": "2022-08-10" } </script> <p>Upon buying a house, there are <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax">many homeowner’s responsibilities that await you</a>. One of the most important things that you will need to pay alongside your mortgage is property tax. You might wonder what will determine how much property taxes you’re going to pay. The short answer is - the assessed value determines it.</p> <p>Here, we will go in-depth about the assessed value and property taxes. This article will help you understand four important things:</p> <ul> <li>What determines your property taxes?</li> <li>What is an assessed value?</li> <li>How are property taxes calculated?</li> <li>What is the difference between market value and the assessed value of the property?</li> </ul> <p>An assessed value is a figure used to determine how much property taxes should pay. Property owners are required to file tax returns every year based on the assessed values of their homes and businesses. These figures are determined by local governments and are updated annually.</p> <p>Assessments are performed by trained professionals called assessors. They use information about the land, buildings, improvements, and personal property owned by a taxpayer to calculate the total value of the property.</p> <p>A property owner can appeal an assessment within one year of receiving notice of the amount owed. If the appeal is successful, the original assessment is replaced with another number.</p> <h2>Who Decides on the Assessed Value?</h2> <p>The assessed value of a home is what it costs to build the same structure today. There are different ways to find out the assessed value of a home. One way is to look up the assessed value online. Another way is to call the local tax office and ask how much the home is worth.</p> <p>A tax assessor is a government official who serves on a county level. Assessors are either appointed or elected, depending on the state. They work on establishing the value of any type of taxed item, but here we are focusing on their role in property taxes.</p> <p>Property tax can vary depending on the county and state, but all tax assessors work similarly when determining your annual payment against the property. They multiply the fair market value (how much you paid for the home) and the assessment ratio. Then they multiply that number by the local millage rate, which is around 1%-2%.</p> <h2>Assessed Value Vs. Market Value</h2> <p>If you're selling your home, knowing its market value is important because it helps you decide whether to list it for sale at a price that's too high or low. If you want to buy a home, it's useful information because it tells you how much money you could spend on a home without breaking the bank.</p> <p>The assessed value of the property might not be as important for you when you’re buying a house because it does not affect your offer or the asking price. However, many factors affect the actual market value of a home. For example, the age of the building, the size of the lot, the quality of construction materials, and the neighborhood all play into what a home is worth today.</p> <p>We mentioned the assessor, a local government official that determines your annual property tax. Note that <strong>an assessor is not the same as a professional appraiser</strong>.</p> <p>The assessed value is the amount of tax you owe on a home. This number is based on the county where the house is located and what type of property it is. For example, an owner-occupied single-family residence is taxed differently than a commercial building. An assessed value is usually different than the fair market value because many factors go into determining the latter.</p> <p>An appraiser will look at the current condition of your home and compare it to similar properties in the area. They'll consider things like the size of the rooms, the layout, the style, and the overall condition of the home. Based on those comparisons and the current market conditions, they'll come up with an estimate of the home's market value.</p> <h3>Fair Market Value</h3> <p>The appraised value is the amount of money a lender will lend you based on the current market value of the property. You can use this figure to determine whether you can afford to make monthly payments on a mortgage loan.</p> <p>Fair market value is slightly different from the appraised value, in a sense that it is a price accomplished in reality. It is the price that the seller and the buyer agreed on.</p> <p>In some cases, the assessed value of your home might differ from the actual selling price. This happens because the assessors use different methods to estimate the value of homes. For example, they might rely on recent comparable sales rather than looking at the overall trend of prices over time. Or they might include improvements you've made to your home, like adding a deck or installing solar panels, even though those changes aren't reflected in the sale price.</p> <h2>How Are Property Taxes Calculated?</h2> <p>The effective property tax is calculated based on the following formula:</p> <p><strong>Effective Tax Rate Fair Market Value x Assessment Ratio x Millage Rate</strong></p> <p>Fair Market Value – The amount you paid for the home, plus any improvements. This number is usually determined by the county assessor’s office.</p> <p>Assessment Ratio – A percentage used to determine the actual value of the home. Typically, it’s around 80%.</p> <p>Millage Rate – The local tax rate. This number varies depending on where you live.</p> <p>If you're buying a home, you'll want to make sure the assessed value isn't too high or low. A large discrepancy between the assessed value and the selling price could mean a big difference in your final property tax bill.</p> <p>If you're considering selling your current home, you'll want the assessed value to match the asking price. Otherwise, you risk getting less than you deserve. Although the taxes differ in each county, <strong>Californians can rely on multiplying their property’s value by 1.25% as a tax estimate.</strong></p> <h2>Can My Property Get Re-assessed?</h2> <p><strong>An assessor can reassess your property taxes once every one to five years</strong>, depending on the location of your property. They will determine the worth by either comparing it with similar properties in your area or calculating how much you can earn from it if you decide to rent it. Another effective way to assess the property value is to calculate how much money it would take to build it today.</p> <h2>Moving to a Place With Lower Property Taxes?</h2> <p>There is no way to avoid property taxes. Especially if you took a mortgage to finance the purchase of your property - property taxes are a part of your homeowner’s escrow account, and you are paying it monthly. The only thing you can do is choose a location of your property, so you can pay as little as possible.</p> <p>If you want to sell your house in Riverside, the county with one of the highest property taxes in California, and move elsewhere - contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your home and offer top dollar for it.</p> <p>You don’t need to go through all the hassle of open houses, agent fees, and preparations. We will buy your house as-is, so no need for repairs and paint jobs. If you like what you’ve learned here, <a href="https://sleeveuphomes.com/request-offer">request an offer</a> and ensure the best price for your property.</p>
            • images{"1":"4ce6cd0c-0ec5-4034-9088-5295084a30f5_mortgage-home-loan-flat-lay.jpg"}
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/negative-amortization-loans" }, "headline": "How Do Negative Amortization Loans Work?", "description": "Negative amortization may benefit some people. But for others it can cause financial difficulties. To avoid trouble, learn how it works before going for it.", "image": "https://sleeveuphomes.com/files/blog/a588169a-f785-46be-ab61-15055cef8676_young-woman-is-signing-a-loan.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-08-25", "dateModified": "2022-08-25" } </script> <p>You probably don’t think about amortization every day, but how you manage your mortgage can significantly affect everything from your day-to-day finances to your life in 10, 20, or 30 years.</p> <p>If you spend wisely, you have greater chances of financial security and freedom. On the other hand, irresponsibility could lead to you losing your home. That said, avoiding the troubles demands understanding different loans and their advantages and disadvantages. So, what is a <strong>negative amortization loan</strong>, and how can it affect your finances? Keep reading to discover the answer to this question so you can make a wise choice.</p> <h2>Understanding Amortization</h2> <p>Amortization is the process of <strong>paying off a loan in equal payments over time</strong>, where part of each payment goes toward the loan’s principal, and the other part goes toward interest. Paying interest is typically prioritized in mortgage loans, meaning you’ll pay more toward interest than principal at the start of the loan. And as you pay down the loan, you’ll put more toward the principal.</p> <p>Throughout the loan, the amount you pay toward the loan principal will gradually overtake the amount you pay toward interest. This means that toward the end of paying off the loan, you’ll pay very little interest and mostly principal.</p> <p>The most common loans that use amortization are mortgages and car loans. So, with a 30-year mortgage, you will spend the first several years paying down the interest. In the remaining years, you will focus on paying down the loan principal. This is part of the reason why paying off a mortgage quickly can save you significant amounts of money in interest payments</p> <h2>How Negative Amortization Works</h2> <p>When you pay less than the interest charges in any month, there’s <strong>unpaid interest</strong>. As a result, the unpaid amount is added to your loan balance. And if you don’t pay enough to cover interest costs, your payments aren’t sufficient to pay down your loan balance. This results in bigger debt on the loan each month. While you don’t receive any money from the lender, your loan balance increases as you’re adding interest charges every month.</p> <p>The primary reason to pay less is that it’s easier on your cash flow. However, eventually, you will have to pay off the loan. And you can do this in several ways:</p> <ul> <li>Through regular amortizing payments, which will be higher than they would have been with the original loan arrangements since your loan balance grows if you don’t pay interest.</li> <li>By refinancing</li> <li>By making a balloon payment</li> </ul> <h3>Unable to Pay</h3> <p>Sometimes, a person may not have enough money to make large monthly payments. For instance, if you’re unemployed, you may not be able to pay off your student loans. With federal student loans, you may be able to apply for deferment. This will allow you to stop making payments temporarily.</p> <p>However, the interest will still apply to the loan balance, and you’ll be responsible for it unless you have subsidized loans. If you want to avoid negative amortization, often, you’ll have the option to pay the interest while skipping the larger payment.</p> <h3>Investors</h3> <p>Sometimes, investors want to avoid large monthly payments, especially for short-term projects such as fix-and-slip. Although this is a <strong>risky way to invest</strong>, some investors manage to do it successfully. However, for this strategy to pay off, you’ll need to sell the property with enough profit to pay off the interest.</p> <h3>“Stretching” to Purchase</h3> <p>Some buyers will use negative amortization to buy a property that’s out of their price range. The presumption is that they will have more income in the future, and they would rather buy a more expensive property now than buy a cheaper one and move again later. However, this is a risky strategy because you can’t predict the future.</p> <h2>Loans that Feature Negative Amortization</h2> <p>Some of the most common loans that feature negative amortization are the following two types of mortgages:</p> <h3>Adjustable-Rate Mortgages</h3> <p>These loans are where the interest varies throughout the loan. With this type of loan, you can choose to <strong>make a payment lower than the fully amortized payment</strong>. The interest rate is usually locked in for an initial period of three, five, or seven years. After that, it adjusts periodically - typically every six to 12 months. Note that the initial rate is usually lower than the current average interest rate for a fixed-rate loan.</p> <p>With the adjustable-rate mortgage, the borrower can decide how much of the interest portion they wish to pay each month. And any unpaid interest is added to the loan balance.</p> <h3>Graduated Payment Mortgages</h3> <p>This loan is a type of fixed-rate mortgage where the payments grow gradually over time from an initially low base rate to a higher final interest rate. The payments usually increase between 7% and 12% yearly until they reach the full monthly payment amount.</p> <p>Note that not every state allows negative amortization mortgage options. That’s especially true since the subprime mortgage meltdown of 2008.</p> <h2>When Might a Negative Amortization Be Beneficial?</h2> <p>While increasing or unpredictable interest rates and mortgage payments may sound unattractive at first, they can be an excellent financial choice in some cases.</p> <p>For example, if you have short-term expenses to cover and, as a result, don’t have enough money during the next several years, you could benefit from negative amortization. In this case, your principal payments will be lower initially, <strong>buying you time to cover other expenses</strong>. However, you should have a plan to refinance the loan before the high principal balance comes due.</p> <p>A negative amortization loan isn’t used to pay off the house. Rather, it’s used to use equity to allow you to stay in the property at a lower monthly payment for a short time.</p> <p>Another situation where a negative amortization can benefit you is if you’re an investor who’s flipping a home, and you know <strong>you won’t stay in the property for an extended period of time</strong>. Instead of tying your cash reserves to an asset you won’t be paying off fully, you can keep the liquidity to invest in advancements or other investments, which can result in higher sales prices.</p> <p>Finally, a negative amortization can make sense if you earn a lot of money but not in a steady manner. In this case, a negative amortization loan can be used as a method of cash flow management rather than a support of affordability which can result in a house you can’t afford.</p> <p>That said, if you’re a high-net-worth borrower with <strong>sufficient income and assets and a large down payment</strong>, you can benefit from a negative amortization loan. If you see the bulk of your income at one time of year or irregular intervals, you can use the loan to preserve cash flow in the months without earning. Then, you can make a significant payment against the principal in the months when your income is rolling in.</p> <h2>The Drawbacks of Negative Amortization</h2> <p>The main reason many people avoid negative amortization loans is that they will <strong>pay more on the property overall</strong>. The option to postpone paying down the mortgage could lead to a situation where you’re underwater on the loan.</p> <p>This can happen because of unexpected circumstances affecting your cash flow and overall liquidity. Also, it can occur if the average interest rate outpaces your cost of living. And this can lead to the threat of <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">foreclosure on a property</a>.</p> <p>Some people are too optimistic about their future earning potential, so they buy more than they can afford in the future. That’s why you should pay off all the interest on your loans as soon as you can to avoid paying interest on interest.</p> <p>In a market where home prices are skyrocketing, buyers should avoid using negative amortization loans because a reduction in house prices can offset even a healthy down payment.</p> <h2>Sell Your Home Without Hassle</h2> <p>Although negative amortization loans can benefit some people (especially investors who are flipping a home), they can also have extremely adverse effects on your wallet in the long run.</p> <p>If you want to avoid the risks associated with negative amortization, why not sell your home to us? <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your home as-is for top dollar, even if it’s threatened by <a href="https://sleeveuphomes.com/non-judicial-and-judicial-foreclosure">foreclosure</a>. If you like what you hear, request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and see how much you can profit.</p>
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            • short_descriptionNegative amortization may benefit some people, but for others it can cause financial difficulties. To avoid trouble learn how it works before going for it.
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            • titleProof of Funds Letter: Why Is It Important?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/proof-of-funds-letter" }, "headline": "Proof of Funds Letter: Why Is It Important?", "description": "A proof of funds letter is a document in a real estate transaction that assures the seller that buyer has the financial ability to complete the selling procedure.", "image": "https://sleeveuphomes.com/files/blog/37b9fced-30f4-4918-b700-21697b1a711d_businesswoman-reading-a-document.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-09", "dateModified": "2022-09-09" } </script> <p><strong>Proof of funds letter</strong> is one of the most relevant documents in a real estate transaction. Generally, all buyers should provide proof of funds. Proof of funds confirms whether a person or organization has enough funds to meet the purchase price. This agreement assures the seller that the buyer will be able to complete the purchase.</p> <p>As the seller, you should require a proof of funds letter from the potential buyer before you engage in the transaction.</p> <p>In this article, we will discuss proof of funds so you can fully understand the importance of proof of funds letter and what to expect from it as a seller.</p> <h2>How Does a Proof of Funds Letter Work?f</h2> <p>Providing proof of funds is a usual requirement in a home-selling process. Unlike <u><a href="https://sleeveuphomes.com/what-does-contingent-mean-in-real-estate-industry">contingencies</a></u> that protect the buyer, <strong>proof of funds letter informs the seller that the buyer has the financial ability to fund their offer.</strong> It's crucial for a seller to establish whether a potential buyer has the money to back their proposal before accepting it. If not, it may result in being <a href="https://sleeveuphomes.com/under-contract-in-real-estate">under contract</a> with a client who won't be able to finish the deal because of a lack of money.</p> <p>When a seller receives an offer, the buyer must provide a proof of funds letter and include any supporting documents, such as bank statements.</p> <p>In other words, buyers need this documentation to prove to the seller that they have enough money to pay for the purchase costs, the down payment, and closing costs. That said, they should require a proof of funds letter from their bank even before making an offer. The bank should be able to process the letter in a few days. When proof of funds is received, the process of selling can continue.</p> <p>It is important to note that the proof of funds letter does not always have to specify how much funds the buyer has. It can either show the full balance in their account or confirm that the account holds enough to cover the price of the house without defining how much more there is in the account.</p> <p>A proof of funds letter encourages a seller to accept the buyer's offer since they are confident that the buyer will be able to close on the home-buying process. Thus, documentation creates <strong>trust between the buyer and seller</strong> as they are together in this transaction, and it is in everyone's best interest.</p> <h2>What Qualifies as Proof of Funds?</h2> <p>A proof of funds letter can be obtained from the institution where one's funds are held, typically a bank. However, it can also be received from another type of asset, like an open credit line or money market account, where money can be accessed easily. A recent financial statement from a checking or savings account where the money is held can also serve as proof of funds in many cases, so it's useful to check to see if that alone will suffice.</p> <p>Mutual funds and stocks do not qualify as proof of funds since the money cannot be easily withdrawn, and the amount can vary from day to day, depending on market circumstances. So, in case you want to use some of this money for a down payment, plan to transfer it as soon as possible into an account that will serve as proof of funds.</p> <h2>Proof of Funds for a Cash Offer</h2> <p>The proof of funds documentation is particularly crucial when making a cash offer on a property. Based on the transaction, different methods are used to produce this proof.</p> <p>In some situations, a buyer may be able to submit a certified financial statement or a copy of the balance of a savings account. In other cases, he could get a letter from his bank or another financial institution. Security or custody statements are further alternatives.</p> <h2>What Information Should Be Included in a Proof of Funds Letter?</h2> <p>A proof of funds letter should have several essential details, like the ones listed below:</p> <ul> <li>Name and address of the bank</li> <li>Officially issued bank statement</li> <li>The total amount of money in their checking or savings account as well as the balance of their bank account</li> <li>Signature of a notary or authorized bank employee</li> <li>The date of funds being in the account</li> </ul> <p>In addition, the contact details of the buyer should be included if the seller has any additional questions.</p> <h2>What Errors Are Frequently Made When Writing a Letter of Proof of Funds?</h2> <p>It is crucial to include only <strong>funds that are immediately accessible</strong> when writing a proof of funds letter. So, liquid assets such as deposit accounts like checking and savings accounts are acceptable. However, assets such as certificates of deposit or mutual funds in retirement accounts will not count as available funds.</p> <p>Also, remember that a pre-approval letter is not proof of funds. A mortgage pre-approval is a lender's commitment to providing a buyer with a home loan. Proof of funds letter is a separate document that shows where you keep the money you need for a transaction.</p> <h2>Sell Your Home Confidently</h2> <p>Proof of funds letter is a crucial component of the house selling process. It should help the seller feel safe and confident when it comes to closing the deal with a buyer.</p> <p>If you don't want any surprises like prolonged transactions, or any complications with the process, you should demand the proof of funds letter before closing the deal.</p> <p>Although proof of funds does offer many benefits regarding real estate transactions, it won't accelerate the home selling process much. That's where we come in. If you want to sell your home fast and for top dollar, get in touch with <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> and request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a>, and see how much you can get for your property. We'll buy your house as is, so you can rest assured no hidden encumbrances related to home sales await you down the road.</p>
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            • short_descriptionDiscover why proof of funds letters are important in real estate sales. Understand how they function and why sellers require them.
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            • titleHow High-Interest Rates Are Changing the Housing Market
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-high-interest-rates-changing-housing-market" }, "headline": "How High-Interest Rates Are Changing the Housing Market", "description": "There’s no doubt that mortgage rates affect the housing market. With rising interest rates, you may wonder how the market changes. Here’s the answer.", "image": "https://sleeveuphomes.com/files/blog/6e758a20-fe8c-40af-8970-d7f2b9d9458d_mortgage-application-loan-agreem.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-10-23", "dateModified": "2023-09-20" } </script> <p>There’s no doubt that <strong>mortgage rates affect the housing market</strong>. And current high-interest rates should bring it back to balance after years of high demand and limited supply. Although the Fed’s critical short-term rate doesn’t directly impact mortgage rates, the cost to borrow to purchase a house has roughly doubled due to the high inflation.</p> <p>Naturally, the higher rates have lowered demand for houses as buyers are now paying much more to get a loan on the same-priced house. Home prices are falling monthly, although they’re still significantly higher than last year.</p> <p>The slowdown in home prices should balance these prices with rents and other housing market fundamentals. But in the long run, supply and demand need to be better aligned for housing prices to rise at a sound pace so people can afford to buy homes.</p> <p>The goal is to align demand with housing inventory as potential sellers hesitate to move since they’ll lose a favorable mortgage rate from the past years. From a business perspective, this should put the housing market back to a better balance.</p> <p>This article explores how high-interest rates are changing the housing market, so read on if you want to learn more.</p> <h2>Why Are Interest Rates Vital to the Housing Market?</h2> <p>Interest rates are vital to the housing market because they determine how much people will have to pay to borrow to buy a home and affect the value of the real estate.<strong> Lower rates tend to increase demand for homes and raise prices</strong>. On the other hand, high rates typically do the opposite.</p> <h2>What Influences How Interest Rates on Mortgages Are Set?</h2> <p><img alt="Interest rate and calculator" class="img-fluid" src="https://sleeveuphomes.com/img/mortgage-home-loan-flat-lay-2022.jpg" /></p> <p>Many factors affect how much mortgages will cost. Lenders typically first consider the general cost of borrowing in the economy, which is based on the government monetary policy and the state of the economy. Personal elements like credit history, the type and size of the loan, and income also determine how much you’ll need to pay to get a mortgage to buy a home.</p> <h2>Fixed-Rate vs. Adjustable-Rate Mortgage (ARM)</h2> <p>Typically, an adjustable-rate mortgage makes more sense when rates are high and expected to fall. However, if predictable payments are essential to you and rates are stable or rising, a fixed-rate mortgage may be your best bet.</p> <h2>How Are Interest Rates Determined?</h2> <p>The interest rate refers to the amount charged on top of the principal by a lender to a borrower for the use of assets and is determined by several factors, including the state of the economy. A country’s central bank sets the interest rate, and each bank uses this rate to determine the range of annual percentage rates.</p> <p>When inflation is high, central banks tend to increase interest rates because higher interest rates increase the cost of debt. This reduces borrowing and decelerates consumer demand.</p> <h2>The Mortgage Production Line</h2> <p>The mortgage industry has three basic elements - the mortgage originator, the aggregator, and the investor.</p> <h3>The Mortgage Originator</h3> <p>The mortgage originator refers to the lender, and lenders come in several forms, such as banks and credit unions. They <strong>introduce, market, and sell loans</strong> to consumers. Also, they compete with each other based on the fees, interest rates, and services they offer. Their profit margins are determined by the interest rates and fees they charge.</p> <p>Most lenders don’t retain the loan asset. Instead, they usually sell the loan into the secondary mortgage market. Their profit margins and the price at which they can sell the loan into the secondary mortgage market determine the interest rates they charge consumers.</p> <h3>The aggregator</h3> <p>The aggregator purchases newly originated loans for other institutions and are part of the secondary mortgage market. Most of them are also mortgage originators. Aggregators pool similar mortgages together to form <strong>mortgage-backed securities (MBS)</strong>. This process is known as securitization.</p> <p>An MBS is a bond backed by an underlying pool of mortgages and is sold to investors. The price at which they can be sold determines the prices aggregators will pay for newly originated loans from other lenders and the rates they offer to consumers.</p> <h3>The Investor</h3> <p>There are many investors in MBS, including banks, mutual funds, pension funds, foreign governments, hedge funds, insurance companies, and government-sponsored enterprises Fannie Mae and Freddie Mac.</p> <p>As they work on maximizing return, they often run relative value analyses between MBS and other fixed-income investments. As with all financial securities, the price they will pay for these securities is determined by the investor demand for MBS.</p> <h2>Investors' Influence on Mortgage Rates</h2> <p>Largely, investors determine mortgage rates as the mortgage production line ends in the form of MBS bought by an investor.</p> <p>The market clearing prices investor will pay for MBS are determined by the free market, and these prices wind their way back through the mortgage industry to determine the rates consumers will be offered when buying a home.</p> <h2>The Housing Market Is Constantly Changing</h2> <p><img alt="home loan mortgage home insurance" class="img-fluid" src="https://sleeveuphomes.com/img/home-loan-mortgage-home-insurance.jpg" /></p> <p>At the beginning of the year, it was difficult for buyers to get home. Now, getting a house is still difficult but for another reason. The homebuying market was highly competitive when mortgage rates were near record lows in January, with potential buyers offering well above the asking price and waiving inspections and appraisal contingencies to win. Now, with rates above 6%, the challenges have shifted to being able to afford a house, to begin with.</p> <p>The housing market tends to be <strong>driven by demand</strong>, where consumers are looking at whether they can afford mortgages. As housing prices rise, they want the loans to be more affordable. However, in an environment where the Fed increases mortgage rates, loans are becoming more unaffordable. That’s why the demand is dropping, house sales reducing, and rents becoming more expensive.</p> <p>The rate increase will cause more challenges for the market and increase the chance of a recession in the economy. Although this will decelerate inflation, it will also slow down the housing market because more homeowners will be disincentivized to refinance. Also, prospective homebuyers will find it unaffordable to buy. And among market commentators, the question of whether the economy is headed toward a recession is becoming more of a when than an if speculation.</p> <p>While this shift is suppressing demand, it hasn’t destroyed it. Partially, this is because of demographics. Millennials are just entering their prime homebuying years. Therefore, when this economic uncertainty has settled, there will still be purchase demand in the market. That said, although we’re experiencing a slowdown in the housing market, the demographic tailwind will likely support purchase demand in the long run.</p> <h2>Reduced Demand Means Less Competition</h2> <p>It’s more difficult to afford a home with higher interest rates, but the <strong>reduced demand translates to less competition</strong>, giving buyers the chance to get a house for less than the list price. Moreover, sellers may contribute toward closing costs or pay loan points to reduce high rates.</p> <p>Because the housing market is rebalancing, mortgages are significantly higher than they were a year ago. However, home prices are also decelerating. This means you may enter a market where there are no bidding wars, as you won’t be competing against six other people.</p> <h2>Selling a Home?</h2> <p>If you’re selling a home in today's housing market, you will likely need to set the price lower than your house’s actual value. This is due to high-interest rates that decelerate purchase demand. So, it’s up to sellers to incentivize buyers to purchase their properties.</p> <p>Unfortunately, current economic circumstances are unfavorable to anyone who wants to sell their home as they won’t profit as much as they could. But fret not, as there’s a way to avoid listing low home sale prices.</p> <p><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house as-is for top dollar - you don’t have to worry about making any repairs or about high-interest rates causing you to reduce your price. Contact us for more information or request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer </a>to see what we’re talking about.</p>
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            • short_description There’s no doubt that mortgage rates affect the housing market. With rising interest rates, you may wonder how the market changes. Here’s the answer.
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            • titleLos Angeles County Property Tax Rate
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-is-the-los-angeles-county-property-tax-rate-determined" }, "headline": "How Is the Los Angeles County Property Tax Rate Determined?", "description": "Los Angeles property tax rate can change, but there are some rules. Learn about assessment methods and tax exemptions.", "image": "https://sleeveuphomes.com/files/blog/54b6a46f-b99e-43c2-a229-c15d9c0392c1_coins-on-the-table.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-04-06", "dateModified": "2023-04-06" } </script> <p>California, in general, is considered a state with high taxes. So, it may surprise you that the property tax rates in California, and consequently the Los Angeles property tax rates, are actually<strong> </strong><em>lower</em> than the national average. However, this refers to the tax rate, not necessarily the actual amount of money you end up paying. And it has to do with <strong>how the taxes are calculated</strong>.</p> <p>Nestled as the sprawling heart of California, Los Angeles County reigns as the largest county, bustling with vibrant communities and endless possibilities. Whether you're a seasoned property owner or dream of owning land within its bounds, grasping the ins and outs of the Los Angeles property tax rate is crucial for navigating the realm of real estate finance.</p> <p>Continue reading to learn all about Los Angeles property tax rates and calculations – what they are and how to calculate yours.</p> <h2>How Is the Property Tax Rate Determined in California?</h2> <p>In the state of California, financial obligations related to residential property taxes are determined based on specific rules and regulations. Proposition 13 is a law that was approved by California voters in 1978 and plays a significant role. It has two key features:</p> <ul> <li><strong>General Property Tax Limit: </strong>General property taxes (excluding those for special purposes) are limited to 1% of a property’s market value.</li> <li><strong>Assessed Value Increase Cap:</strong> Increases in assessed value are restricted to 2% per year. This means that even if the market value of your property rises significantly, your assessed value won’t increase more than 2% annually.</li> </ul> <p>Below is a table with information about effective tax rates and average annual property tax payments for some counties in California for 2024. You can always check the <a href="https://www.propertytax.lacounty.gov/" target="_blank">LA County tax website</a> to see your property's actual property tax rate for the current year.</p> <table align="center" border="2" cellpadding="1" cellspacing="1" style="background-color:#ffe599;border:2px solid #1c4587;height:1px;width:600px;"> <thead> <tr align="center"> <td style="border: 2px solid #1c4587;">California County</td> <td style="border: 2px solid #1c4587;">Effective Property Tax Rate</td> <td style="border: 2px solid #1c4587;">Median Annual Property Tax Payment</td> </tr> <tr align="center"> <td colspan="2" style="border: 2px solid #1c4587;"></td> <td style="border: 2px solid #1c4587;">(Based on Average Assessed Home Value of $300,000)</td> </tr> </thead> <tbody> <tr align="center"> <td style="border: 2px solid #1c4587;">Sacramento County</td> <td style="border: 2px solid #1c4587;">0.82%</td> <td style="border: 2px solid #1c4587;">$2,460</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Diego County</td> <td style="border: 2px solid #1c4587;">0.75%</td> <td style="border: 2px solid #1c4587;">$2,250</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Bernardino County</td> <td style="border: 2px solid #1c4587;">0.78%</td> <td style="border: 2px solid #1c4587;">$2,340</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">Fresno County</td> <td style="border: 2px solid #1c4587;">0.82%</td> <td style="border: 2px solid #1c4587;">$2,460</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Francisco County</td> <td style="border: 2px solid #1c4587;">0.67%</td> <td style="border: 2px solid #1c4587;">$2,010</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Joaquin County</td> <td style="border: 2px solid #1c4587;">0.83%</td> <td style="border: 2px solid #1c4587;">$2,490</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Mateo County</td> <td style="border: 2px solid #1c4587;">0.63%</td> <td style="border: 2px solid #1c4587;">$1,890</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">Santa Clara County</td> <td style="border: 2px solid #1c4587;">0.74%</td> <td style="border: 2px solid #1c4587;">$2,220</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">Riverside County</td> <td style="border: 2px solid #1c4587;">0.94%</td> <td style="border: 2px solid #1c4587;">$2,820</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">Orange County</td> <td style="border: 2px solid #1c4587;">0.72%</td> <td style="border: 2px solid #1c4587;">$2,160</td> </tr> </tbody> </table> <p></p> <h3>What About Commercial Properties?</h3> <p>In California, commercial properties are also primarily taxed at a foundational rate of 1% of their <a href="https://sleeveuphomes.com/assessed-value" target="_blank">assessed value</a>, based on Proposition 13, dictating the percentage of property taxes. However, there has been a recent proposal called Proposition 15. If passed, it would amend the California State Constitution to require industrial and commercial property owners (except agricultural) to be taxed based on real estate market value, eliminating the benefit of protection under Prop 13. </p> <p>This concept is known as the “Split Tax Roll”. Under Prop 15, commercial properties would be reassessed based on their then-market value, and the 2% maximum annual property tax increase protection under Proposition 13 would no longer apply. Commercial leases allow landlords to “pass through” any additional tax increases to tenants during the lease term. </p> <p>Therefore, if Prop 15 passes, future tax increases would directly affect commercial tenants, especially those in triple net leases, where tenants pay their share of the building's operating expenses.</p> <p><img alt="sleeve up property tax" class="img-fluid" src="https://sleeveuphomes.com/img/sleeveup-property-tax.jpg" /></p> <h3>Mello-Roos Taxes for Community Development</h3> <p>Mello-Roos is a California special tax district that plays a crucial role in financing new or additional public services and facilities within specific boundaries. These special districts are officially known as Community Facility Districts (CFDs). </p> <p>Mello-Roos districts sell bonds to raise funds for essential infrastructure projects such as roads, schools, parks, police services, and other amenities desired by the community. When voters within a CFD authorize the sale of bonds, the district gains the ability to levy additional tax rates on its residents used to pay off the bond principal, interest, and administrative fees.</p> <p>Mello-Roos was introduced as a workaround to Proposition 13, which restricted local governments from increasing property taxes based on property value. Unlike traditional property taxes, Mello-Roos assessments are <strong>not based on property value</strong> but are uniformly applied across all properties within the district. As a result, Proposition 13 restrictions do not apply.</p> <p>Unfortunately, Mello-Roos taxes are not tax-deductible on California income tax returns. California tax law does not exempt non-ad valorem taxation, meaning that taxes or assessments not based on home value are not eligible for deductions.</p> <h2>How Is the Los Angeles Property Tax Rate Calculated? Financial Planning 101</h2> <p>Pursuant to<a href="https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=CONS&article=XIII+A" target="_blank"> Proposition 13</a>, an amendment to the California Constitution enacted in 1978, you pay in general property taxes<strong> no more than 1%</strong> <strong>of the assessed value</strong> of your home at the time of purchase (the base year value) with added annual increases to the assessed value (the factored base year value), but the added value is capped at 2% yearly. This is your single largest annual property tax bill.</p> <p>When you purchase personal property, whether it's a family home, a vacation home, or a rental home, the assessed value is initially set equal to the purchase price. Each year, the assessed value increases based on the rate of inflation, which is determined by changes in the California Consumer Price Index. Due to the 2% cap on increases, long-term homeowners or those in areas with rapid price growth may find their assessed value lower than the <a href="https://sleeveuphomes.com/how-high-interest-rates-changing-housing-market" target="_blank">market value</a>.</p> <h2>How Much Is the Property Tax on a $ 300,000 house in California?</h2> <p>The property tax on a $300,000 house in California depends on the county where the property is located. As of April 2024, Los Angeles County property tax rate is at an average of 0.72%. So, an average homeowner with an assessed property value of $ 300,000 will pay <strong>$2,160 annually in property taxes</strong>.</p> <p>As of April 2024, the average home price in LA County is $871,794, which means that LA homeowners will pay an average of $6,277 in annual property taxes in the current market.</p> <p></p> <table align="center" border="2" cellpadding="1" cellspacing="1" style="background-color:#ffe599;border:2px solid #1c4587;height:1px;width:600px;"> <tbody> <tr align="center"> <td col="" style="border: 2px solid #1c4587; scope=">Home price</td> <td col="" style="border: 2px solid #1c4587; scope=">$ 300 000</td> <td col="" style="border: 2px solid #1c4587; scope=">$ 871, 79</td> </tr> </tbody> <tbody> <tr> <td style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">Los Angeles County Property<br /> Tax Rate (avg.)</td> <td colspan="2" style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">0.72%</td> </tr> <tr> <td style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">Annual Property Tax (avg.)</td> <td style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">$ 2, 160</td> <td 2px="" border:="" solid="" style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">$ 6, 277</td> </tr> </tbody> </table> <h3></h3> <h3></h3> <h3>How Is Taxable Property Assessed in Los Angeles County?</h3> <p>The County Assessor determines the value of your property at the time of purchase – the <em>base year value</em>, which is usually the purchase price unless the price significantly differs from its market value. From there, the assessed value of your home increases annually according to the inflation rate, as measured by the<a href="https://www.dir.ca.gov/OPRL/capriceindex.htm" target="_blank"> California Consumer Price Index</a>, but is capped at 2%.</p> <p>This means that the fair market value of your home is usually higher than the assessed price because the 2% cap increase doesn’t follow the true increases in market value. However, a new assessment will be performed if there is a change in ownership or significant improvements are made to the property.</p> <h3>How Did Proposition 13 Help Los Angeles Homeowners with Property Taxation?</h3> <p>If you decide to<a href="https://sleeveuphomes.com/los-angeles-county" target="_blank"> sell your home in Los Angeles County</a> that you’ve held for, let’s say, ten years and buy a less expensive home in another county, your property tax could actually be higher. This is because the new value assessment will be more in line with the actual market value, so 1% of the value of your new home could be higher, as <strong>there was no 2% cap.</strong></p> <p>On the other hand, your<strong> </strong>Los Angeles property tax rate is not related to or dependent on your neighbors’. So, if a house comparable to yours is sold in your neighborhood for $100,000 more than your house's assessed value, that new neighbor will pay higher taxes, but yours will stay the same. This may seem obvious now, but it was not so before Proposition 13 was passed.</p> <p>For one, the average property tax in California was 3%, but that was the lesser problem. The bigger issue was that there was no cap on the annual increases. So, as the value of property appreciated and a new house was sold in your neighborhood for a significantly larger sum than what you paid, you could expect a new assessment that would also increase your LA County property tax payments.</p> <p>The situation got so bad in the 1970s that people were forced to sell their homes or lose them as a result of the tax increases. This was one of the main driving forces behind Proposition 13, and now, luckily, the Los Angeles County property tax rate increase is capped at 2%.</p> <h2>Additional Los Angeles County Property Tax Rates</h2> <p>Aside from the 1% property tax, you pay <em>other levies</em>. While these levies are not strictly defined as property taxes under the law, you still pay them on your property tax bill. These levies are voter-approved and usually apply to homes in special and school districts. The levies are dependent on the district your home is located in and the local regulations.</p> <p>The<strong> school district tax is the largest of these additional levies </strong>and typically ranges between 0.16% and 0.2%. Then, you have levies that you pay to your municipality (e.g., the city of Los Angeles imposes a levy in the range of 0.02% – 0.03%). You may pay additional taxes or levies based on where you live, but these are the main ones.</p> <h3>Can You Lower Your Los Angeles Property Tax Rate?</h3> <p>No, you cannot lower the Los Angeles County property tax rate. However, you can<strong> </strong><em>challenge</em> the assessed value of your home. If you manage to lower the assessed value of your home, the tax rate will still remain at 1%, but you will be paying less according to how much you have managed to lower the assessed value of your home with new property assessments.</p> <h2>Tax Exemptions</h2> <p>There are certain exemptions to property taxes for Californians, including the Los Angeles property tax rate, with the most notable being:</p> <ul> <li>Homeowner’s Exemption</li> <li>Veteran’s Exemption</li> <li>Senior Citizens Property Tax Assistance</li> </ul> <p>If you meet the requirements, tax exemptions can greatly decrease the amount you owe in taxes, that is your tax liability.</p> <h3>1. Homeowner’s Exemption</h3> <p>You can claim a $7000 exemption from the taxable value of your home. To qualify, the property needs to be your primary residence and you must make a filing with the county assessor. This reduces the assessed value by $7,000, saving at least $70 per year.</p> <p>Overall, California’s average effective property tax rate is 0.71%, which compares favorably to the national average of 0.99%. Proposition 13 helps keep property taxes manageable for residents, contributing to the state’s appeal for homeowners.</p> <h3>2. Veteran’s Exemption</h3> <p>Veterans currently serving or honorably discharged may be exempt from up to $4,000. An unmarried surviving spouse or the parents of the deceased veteran may also claim this exemption. Disabled veterans may be eligible for exemptions over $4,000.</p> <p>The Disabled Veterans' Exemption is available to disabled veterans with a service-connected disability of 100% or more. The exemption amount varies depending on the veteran's level of disability and can be up to $250,000.</p> <h3>3. Senior Citizens Property Tax Assistance</h3> <p>Persons over the age of 62, as well as persons with vision impairments and disabilities, are eligible to receive cash reimbursement for property taxes. While persons who qualify are not exempt from paying taxes, they are awarded assistance based on household income in lieu of tax exemptions.</p> <h3>Inheriting a Home and Keeping the Same Tax Basis</h3> <p>It is important to note that if a property was passed from a parent to their child or grandparent to their grandchild, the inheritor might apply to keep the same tax basis in certain situations. In practice, this means that the inheritor will not need to pay taxes based on the real property's new, more than likely significantly higher, fair market value. </p> <p>Keeping the same basis for the Los Angeles property tax rate is possible due to Proposition 19 (previously Propositions 58 and 193). Check out our <a href="https://sleeveuphomes.com/full-guide-to-Inheritance-tax-In-california" target="_blank">guide to inheritance tax in California</a> for more details.</p> <h2>Tax Deadlines in LA County</h2> <p>Your Los Angeles County property tax bill has two payment stubs and, thus, can be paid in two installments. You will usually get the bill in October.</p> <ul> <li><strong>The first installment is due November 1</strong> and is considered delinquent if not paid by December 10.</li> <li><strong>The second installment is due February 1</strong> and is considered delinquent if not paid by April 10.</li> </ul> <p>The penalty for failure to meet these deadlines for property tax bills is 10%. So, ensure you keep up with your financial responsibilities. Make sure you always attach the payment stub regardless of the type of payment and write your Assessor's Identification Number along with the Year/Sequence Number on your check.</p> <h3>Where Can You Pay Taxes?</h3> <p>The Internal Revenue Service (IRS) collects federal taxes in the US, while state tax collectors collect state-level taxes. Additionally, county or municipal tax collectors may collect taxes at the local level.</p> <p>In California,<strong> homeowners can pay their property taxes at their county tax collector's office</strong>. Each county has its own tax collector's office, which is responsible for collecting property taxes, issuing tax bills, and enforcing tax collection laws.</p> <p>Additionally, Los Angeles County offers online card payment options for property taxes, allowing homeowners to pay their taxes <a href="https://ttc.lacounty.gov/" target="_blank">electronically</a> from the convenience of their home or office using their credit cards, debit cards, or electronic checks.</p> <h2>Are the Los Angeles Property Tax Rates Too High For You?</h2> <p>If the property taxes you pay on your property are causing you financial distress, you can consider selling your home to finance a more affordable one.<a href="https://sleeveuphomes.com/" target="_blank"> SleeveUp Homes</a> buys houses in LA County for top dollar.</p> <p>We are not wholesalers, flippers, or realtors, so we will always make you a fair offer. You won’t pay any commission or have any closing costs. And as we do all repairs ourselves, you can sell as-is and not worry about remodeling and renovations.</p> <p>Contact us to<a href="https://sleeveuphomes.com/request-offer" target="_blank"> request a cash offer</a>, and we will send a team to assess your home as soon as possible.</p>
            • images{"1":"09b7535f-e970-48dc-962c-fa05fa00e509_coins-on-the-table.jpg"}
            • short_descriptionThe Los Angeles property tax rate can vary, but there are some rules. Learn about assessment methods and tax exemptions.
            • keywordslos angeles property tax rate
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            • title Full Guide to Inheritance Tax In California
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/guide-to-inheritance-tax" }, "headline": "Your All-In-One Guide to California’s Inheritance Tax", "description": "Taxes involved in inheriting property from a loved one can leave you overwhelmed. Learn all you need to know about inheritance tax in California here! ", "image": "https://sleeveuphomes.com/files/blog/d6543a4b-bb7c-4030-aecd-171c13b49644_taxes-in-america.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-15", "dateModified": "2024-04-5" } </script> <p>Taxes can be daunting. There are many different types of taxes in the United States and rules that go along with each one, making this subject very difficult to wrap your head around. Receiving an inheritance can, thus, also come with a lot of questions, one of the most common ones being whether it will result in inheritance tax – an aspect of inheritance we don't look forward to as much. </p> <p>You may be subject to an inheritance tax if you inherit money or property after a loved one passes away. Even though California is notorious for being one of the highest-taxed states in the nation regarding income taxes, not <em>all </em>states are subject to inheritance tax, with California being one of them. Remember that this does not necessarily mean that collecting your inheritance will be completely tax-free.</p> <p>Keep reading for clarification on inheritance tax in California, and learn everything you need to know about<strong> how the inheritance tax and estate tax work in the state of California</strong> for peace of mind. </p> <h2>What Is Inheritance Tax?</h2> <p>An inheritance tax is <strong>a tax imposed by some states on the recipients of inherited assets. </strong>It’s a levy on assets inherited from a deceased person. The inheritance tax is not really common in the U.S., and the federal government doesn't have an inheritance tax. Only six U.S. states currently have an inheritance tax in place.</p> <p>Whether or not it <em>applies</em> depends on the state in which the deceased lived or owned property, the <a href="https://sleeveuphomes.com/assessed-value" target="_blank">value of the inheritance</a>, and the beneficiary's relationship to the decedent. For example, there are exceptions for spouses – spouses are automatically exempt from inheritance taxes. At the same time, more distant heirs, such as siblings, nieces, nephews, and friends, typically pay inheritance tax, with the tax rate escalating as the degree of kinship decreases.</p> <h3>What Is an Estate Tax?</h3> <p>An estate tax is <strong>a financial levy on an estate that exceeds the minimum threshold set by law </strong>based on the current value of its assets. State and federal taxes and laws vary, but generally, only estates valued at or above specific amounts are subject to taxes on estates.  What is the most you can inherit without paying taxes? Or, in other words, what is the federal estate tax threshold? It only applies to assets over $13.61 million as of 2024. </p> <p>Estate taxes are calculated based on the estate's fair market value (FMV) rather than what the deceased originally paid for its assets. The tax is levied by the state where the deceased person was living at the time of their death. Recipients of an estate's assets may be subject to inheritance tax if it’s also above certain limits. However, assets transferred to spouses are exempt from estate tax. Federal estate tax rates range from 18% to 40%, depending on the value of the estate. </p> <h3>What's the Difference Between Estate Taxes and Inheritance Taxes?</h3> <p>While inheritance tax and estate tax are both taxes on inheritance and referred to as a “death tax,” and often used interchangeably, they are, in fact, two distinct taxes. The main difference between inheritance and estate taxes is <strong>the person responsible for paying the tax.</strong> Unlike inheritance tax rules, estate taxes are charged against the estate regardless of who inherits the deceased's assets, that is, the recipients of inheritance.</p> <p>An inheritance tax is a levy on assets inherited from a deceased person. Unlike the estate tax, which is levied on the value of an estate after the death of the owner, an inheritance tax is levied on the value of the rightful inheritance received by the beneficiary, and it is the beneficiary who pays it. In other words, an estate tax is assessed on the estate before its assets are distributed, while an inheritance tax may be imposed on the bequest's beneficiaries.</p> <h2>Is Inheritance Taxable In California? Overview of Inheritance Law in California</h2> <p>What is the inheritance law in California? Is there an inheritance tax in California? In 2024, only <em>six</em> states collect inheritance tax – Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. Maryland has the dubious distinction of being the only state to collect both inheritance and estate tax rates.</p> <h3>Do I Have to Pay Taxes on a Property I Inherited in California?</h3> <p>California residents don’t need to worry about a state inheritance tax because it no longer exists. Luckily for all California residents and <a href="https://sleeveuphomes.com/i-inherited-a-house-what-can-i-do-with-the-inherited-property" target="_blank">inherited property</a> owners,<strong> inheritance has not been subject to tax in California since 2005.</strong> So, if you live in California, you are inheritance tax-free as California does not have a state-level inheritance tax. However, there are a few exceptions to this rule, such as:</p> <ul> <li><strong>The Federal Estate Tax</strong> – The federal estate tax law applies for individual estates exceeding $13.61 million dollars per person in 2024.</li> <li><strong>Retirement Accounts</strong> – If you inherit a retirement account, you will be subject to income tax as you withdraw the assets from the account. Your withdrawals from the retirement account will be considered income, so you will need to pay income tax.</li> <li><strong>Capital Gains Tax</strong> – If you choose to sell the property you inherited in California, you do pay capital gains tax on the increased value or, in other words, any gains that the asset made since you inherited it.</li> </ul> <h3>Does California Tax Foreign Inheritance?</h3> <p>You’re probably also wondering if the inheritance tax of another state applies to your non-existent inheritance tax in California. So, let's explain what happens if you inherit foreign assets or property from a non-California resident.<strong> </strong>Even if you live in California or another state that does not have an inheritance tax, if the person you are set to inherit from were living in a state that does at the time of death, then you <em>would owe a</em>n inheritance tax to that state.</p> <p>For example, if you live in California and inherited major assets or estate after the death of your cousin who lived in Kentucky at the time of death, you would owe the state of Kentucky inheritance tax (if it's above the threshold) because it’s one of the few states that still collect it. In contrast, if you would inherit from someone who passed away in California, you would be able to get the inheritance tax-free.</p> <p><img alt=" wooden model of the house, coins and the inscription tax" class="img-fluid" src="https://sleeveuphomes.com/img/real-estate-taxes.jpg" /></p> <h2>Federal Gift Tax Law In California</h2> <p>You’re probably relieved to learn that there are no federal or California inheritance taxes. However, California residents are still subject to federal gift taxes, as they apply across the entire United States. How much money can you inherit without paying taxes in California?</p> <p>Each California resident may gift a certain amount of property in a given tax year, tax-free. In 2024, the federal gift tax allows individuals to leave <strong>up to $18,000 in cash or assets</strong> to heirs or other individuals during their lifetime (or $36,000 for couples) without triggering a gift tax. There are some ways for families to gift more than the IRS rule allows, such as using irrevocable trusts, marital deductions, and intrafamily loans. </p> <p>Going beyond this limit may require you to file additional paperwork, but you won’t owe an actual tax until you exceed your lifetime gift and estate tax exemption. The IRS tracks your lifetime gifts and estate tax exemption. Once your total lifetime gifts exceed the threshold, you’ll be required to pay an actual gift tax. So, get into gift planning on time. </p> <h3>Does California Require an Inheritance Tax Waiver Form?</h3> <p>Since there's no inheritance tax in California, it does <em>not </em>require an inheritance tax waiver form. However, some states require the estate executor to submit an inheritance tax waiver when transferring stock ownership to an estate.</p> <h2>Estate Tax In California</h2> <p>California does not impose an estate tax, but the federal government does. So, even though you won’t owe estate tax to the state of California, there is still the federal estate tax to consider. After someone passes away in the state of California, <strong>the only tax imposed on their assets will be a federal estate tax.</strong></p> <p>If you had property in another state that imposes a state-level estate tax, your estate could be required to pay both federal and state-level estate taxes. However, this applies only to estates worth over 13.61 million in 2024. If a California resident passes away with an estate valued less than the exemption amount, their estate will <em>not</em> be subject to federal estate taxes.</p> <p>Married spouses can avoid paying a federal estate tax of up to $24.06 million after both have deceased if the proper legal processes are performed. Each spouse is entitled to their own federal estate tax exemption, although the rules for state-level estate taxes can vary.</p> <h2>Got Any More Questions?</h2> <p>We've got you covered with a quick FAQ.</p> <h3>Do You Pay Taxes on a Trust Inheritance?</h3> <p>If you’re a trust beneficiary, you must be wondering whether you need to pay taxes on a trust inheritance. The short answer? It depends on the <em>source </em>of the funds. Whether beneficiaries pay tax on monies received from a trust depends on how the distribution is classified.</p> <p>If the money comes from the trust’s principal, you won’t be paying any taxes, as principal trusts are not taxable to the beneficiary. However, you will owe income tax if the funds come from the trust's income (interest/earnings). The legal requirements of trusts can vary, so it’s best to consult with the trustee or legal and tax counsel for guidance.</p> <h3>Does a Surviving Spouse Automatically Inherit Everything in California?</h3> <p>In California, a surviving spouse has primary rights to any part of the estate after death not legally disposed of by the will of the deceased spouse. This includes the decedent’s half of the couple’s community property. However, the surviving spouse may not inherit everything if the decedent has surviving children, as they're also rightful heirs. Some assets are not subject to California’s intestate succession and probate laws.</p> <p>For example, certain assets automatically pass to the surviving spouse after death, such as real property held in joint ownership between spouses, assets with a payable-on-death or transfer-upon-death designation, and revocable trusts where both spouses are trustees (the surviving spouse maintains control of trust assets).</p> <p>If you’ve lost a spouse who didn’t have a will or if you’re concerned about your rightful inheritance, consider seeking legal advice in these difficult times - an estate attorney or at least a financial advisor.</p> <h3>Do I Need to Claim Inheritance in California?</h3> <p>In California, you do not need to claim inheritance, since the state does not impose an inheritance tax, which means that money or property received from an inheritance is not subject to state-level taxation. However, if the estate is large, it’s essential to be aware of federal estate tax laws, as states valued above certain thresholds may be subject to federal estate taxes.</p> <h3>How Can You Minimize Inheritance Taxes in California?</h3> <p>Inheritance taxes can be minimized or even avoided in some cases, for example, by leaving assets via trusts or insurance policies, making charitable donations, or gifting sums during one's lifetime. Whether you live in an inheritance tax-free state like California or not, you can always avoid property taxes by ensuring you keep below the inheritance tax or estate tax thresholds with proper estate planning.</p> <h3>How Do I Avoid Capital Gains Tax on Inherited Property in California?</h3> <p>You can avoid paying capital gains taxes on an inherited property simply by <a href="https://sleeveuphomes.com/how-much-it-costs-to-sell-a-house-and-how-to-minimize-cost" target="_blank">selling the entire estate</a> as soon as you inherit it, thus not leaving any room for the property to further appreciate in value. Another option is to turn the property into a rental or use it as a primary residence for at least two years.</p> <p>Of course, you can always opt to disclaim the inheritance entirely. However, keep in mind that the decision to disclaim is <em>final</em> and irreversible. Consider hiring a real estate planning attorney to help guide you in this process.</p> <h2>Thinking About Selling The Real Estate You Inherited in California?</h2> <p>The good news for all Californians out there is that inheritance is generally tax-free in the state of California. However, although there's no inheritance tax in California, that isn't to say you shouldn't pay attention to other taxes that may be involved when you inherit property or other assets, as there may be potential pitfalls to avoid.</p> <p><strong>Taxes can be complicated, but selling your home doesn’t have to be</strong>. At<a href="https://sleeveuphomes.com/" target="_blank"> SleeveUp Homes</a>, we aim to provide homeowners with a simple process and the best possible offer for their property. And yes, we purchase inherited property, too. No repairs or cleanups needed, no fees or commissions, no time pressure. Sell your home as-is today for cash.</p> <p>Contact us today to get a<a href="https://sleeveuphomes.com/request-offer" target="_blank"> free cash offer</a> for your property!</p>
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            • titleA Guide to California Wine Regions
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/a-guide-to-california-wine-regions" }, "headline": "A Guide to California Wine Regions", "description": "California is famous for its wine, but the story goes much deeper. California wine regions are unique and distinct. This article is a guide to each region.", "image": "https://sleeveuphomes.com/files/blog/3326cbea-b61e…996-b8b0-19e47b4118cc_california-wine-regions.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-10-04", "dateModified": "2021-10-04" } </script> <p class="mb-4">California wine is highly regarded and sought after worldwide, both for its exquisite quality and the multitude of varietals. California, by itself, produces approximately 80% of US wine and is the fourth largest wine producer in the world. And the high quality and diversity of wine largely stems from the California wine regions where they are produced.</p> <h2 class="mb-4">A Short History of California Wine</h2> <p class="mb-4">California’s first vineyards were planted in 1779 by Franciscan missionaries in Mission San Juan Capistrano (current-day <a href="https://sleeveuphomes.com/orange-county">Orange County</a>). The red Mission grape variety was dominant in California for the next century. Wine-making continued to improve and at the beginning of the 20th century, the US commercial wine industry was going strong.</p> <p class="mb-4">But then the Prohibition happened. While some home winemakers were still producing wines, the industry was devastated. Before the Prohibition, California had 713 wineries in operation. It took until 1986 for the same number to be in operation again. But disaster struck again.</p> <p class="mb-4">In the 1990s, around 50 000 acres of wine grapes were destroyed because of phylloxera – a louse that feeds on vine roots and leaves. It took years for the industry to recover. On a positive note, all of this led to a lot of experimentation with varietals and a better understanding of terroir, making California wine what it is today.</p> <h2 class="mb-4">How Many Wine Regions Does California Have?</h2> <p class="mb-4">California has 4 broad wine regions – the North Coast, Central Valley, Central Coast, and South Coast regions. But the story doesn’t end there. California is home to 142 American Viticultural Areas (AVAs), as defined by <a href="https://www.ecfr.gov/current/title-27/chapter-I/subchapter-A/part-4/subpart-C/section-4.25" rel="nofollow">federal regulation</a>. An AVA is a delimited grape-growing region with a specific climate and geographic features – like soil and elevation.</p> <p class="mb-4">These features affect the grapes and differentiate the region from the surrounding regions. Pursuant to the above-mention regulations, each region needs to meet certain criteria to be considered an AVA. Thus, you could argue that there are 142 California wine regions as of 2021, and you wouldn’t be wrong.</p> <p class="mb-4">The AVAs also affect the way a wine can be labeled. For a label to carry the name of an AVA, 85% of the grapes must be grown in the corresponding AVA. For county names, 75% must be grown in the county. Finally, for a wine to be labeled with California, a county name, or a specific AVA, 100% of the grapes must be grown in California.</p> <h2 class="mb-4">North Coast</h2> <p class="mb-4">The North Coast is the largest producer of wine in California. It is home to over half of all California wineries and is the region that put California wine on the map. It encompasses the following counties: Lake, Solano, Sonoma, Marin, Mendocino, and, of course, Napa.</p> <p class="mb-4">The region is best known for its Cabernet Sauvignon, Pinot Noir, and Chardonnay. But with varied geographical features – from the cool and forested lands of Mendocino County to the mountains and valleys of Napa – the North Coast produces wines of all varietals.</p> <p class="mb-4">There are 54 AVAs located within the North Coast region. That should be enough to tell you how many different wines you can find here. Because Napa Valley is probably the most famous wine region in the US, it’s interesting to note that only 4% of California wine is produced here.</p> <h3 class="mb-4">The Most Famous California Wine</h3> <p><img alt="California Wine Regions " class="img-fluid" src="https://sleeveuphomes.com/img/wine-regions-ca.jpg" /></p> <p class="mb-4">If we’re talking about famous wineries from California, we would be amiss not to mention Chateau Montelena and Stag’s Leap. These wineries produced the wines that put California wine on a pedestal and shook up the sommelier world. And the story behind it is even more interesting.</p> <p class="mb-4">In 1976, British wine expert and merchant Steven Spurrier and Patricia Gallagher, director of the Académie du Vin, organized the Paris Wine Tasting, which will informally go down in memory as the Judgement of Paris. Two blind tastings were to be performed by a panel of 11 judges, including Spurrier and Gallagher – one for Chardonnays and one for red wines.</p> <p class="mb-4">Each judge was to grade the wines on a 20-point scale, but only the points of the 9 French judges were counted (thus excluding Spurrier and Gallagher from the final tally). At that time, France was generally considered the top producer of fine wines. Spurrier himself was a connoisseur of French wine and only sold French wines.</p> <p class="mb-4">You can see where the story is going – 1973 Chateau Montelena Chardonnay got first place in the category of white wines and 1973 Stag’s Leap Cabernet Sauvignon took first place in the category of red wines.</p> <p class="mb-4">Thus, California wine was recognized as the best and most prestigious in both categories by a panel of <em>French</em> experts. As far as the world of fine wine goes, this event was cataclysmic. The loss was so devastating that after the event Spurrier was banned from France’s wine-tasting tour for a year, likely for the damage the competition had done to the image of French wine.</p> <p class="mb-4">If you want to relive a fraction of the days when California wines beat prestigious French wines for the first time in history, the <a href="https://www.si.edu/object/1973-chateau-montelena-chardonnay%3Anmah_1297105" rel="nofollow">1973 vintage of Chateau Montelena</a> is held at the Smithsonian National Museum of American History.</p> <h2 class="mb-4">Central Valley</h2> <p class="mb-4">Central Valley is not a separate AVA, but this is the wine region that can be considered the workhorse of California. Central Valley grows approximately 70% of California’s grapes. Sacramento, Fresno, Madera, Yolo, and San Joaquin counties are encompassed by Central Valley.</p> <p class="mb-4">If a wine is a label only as California wine, there’s a good chance the grapes were grown here. One of the more famous AVAs in Central Valley is Lodi. It produces grapes for Zinfandel wines. Vines produce less fruit as they age, allowing the remaining fruits to have a higher concentration of flavor.</p> <p class="mb-4">Because some vines in Lodi were planted as far back as the late 19th century, Zinfandel grapes and wines are considered premium quality. Central Valley also includes the Sierra Foothills AVA, which is home to over 100 wineries.</p> <p class="mb-4">The Sierra Foothills AVA spreads over 2 600 000 acres, making it one of the largest viticultural areas in all of California. Zinfandel is the most common grape variety grown here, but Cabernet Sauvignon and Syrah don’t fall too far behind.</p> <h3 class="mb-4">Central Coast</h3> <p class="mb-4">The Central Coast region is the second-most prestigious when it comes to California wine, right after the North Coast. It stretches from LA to SF and can roughly be divided into the Northern and Southern Central coast.</p> <p class="mb-4">Some famous AVAs from the Northern Central Coast are the Santa Cruz Mountains, Livermore Valley, and Monterey County. Approximately 80% of California’s Chardonnay can be genetically traced to the Northern Central Coast, particularly Livermore Valley.</p> <p class="mb-4">The Southern Central Coast includes AVAs such as San Luis Obispo and Santa Barbara Counties, and Paso Robles. This region is also home to some of California’s oldest vineyards, as it is recorded that vines were planted in Paso Robles as far back as the late 18th century. The entire Central Coast region is probably best known for Pinot Noir.</p> <h3 class="mb-4">South Coast</h3> <p class="mb-4">The South Coast is the least well-known of the California wine regions. But that doesn’t mean no California wine is produced here. Temecula in <a href="https://sleeveuphomes.com/riverside-county">Riverside County</a> is the most famous AVA in this region. And the situation is rapidly changing. Just a decade ago, you would find almost no wineries if you visited this area. Right now, Temecula is home to around 35 wineries.</p> <p class="mb-4"><a href="https://sleeveuphomes.com/san-diego-county">San Diego County</a> and Malibu are also never AVA addition to the California wine scene. As the South Coast covers an extensive geographical area, the terroir is varied. Many smaller producers have started planting vineyards, so it stands to reason that the South Coast will rise to prominence in the near future.</p> <p class="mb-4"><img alt="Vineyards in California" class="img-fluid" src="https://sleeveuphomes.com/img/vineyard-california.jpg" /></p> <h2 class="mb-4">Looking to Move to a CA Wine Region?</h2> <p class="mb-4">You’ll likely need to sell your current house to finance the move. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys houses across Southern California. We don’t work with realtors so you won’t be paying any commission and we’ll buy your house as-is, so you don’t have to invest anything.</p> <p class="mb-4">If you want to have your pick of California wine regions, you’ll need to get the best price possible when selling your home. With the best prices and no costs, we can help make your dream a reality. Contact us to <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a> and you can be making plans to move to a different wine region within a week.</p>
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            • short_descriptionCalifornia is famous for its wine, but the story goes much deeper. California wine regions are unique and distinct. This article is a guide to each region.
            • keywordsCalifornia is famous for its wine, but the story goes much deeper. California wine regions are unique and distinct. This article is a guide to each region.
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            • slugmediterranean-summersbest-beach-towns-to-live-in-california
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            • titleBest Beach Towns to Live In California
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/mediterranean-summersbest-beach-towns-to-live-in-california" }, "headline": "Mediterranean Summers: Best Beach Towns to Live In California", "description": "Dreaming of spending every day on a sandy beach watching the tide roll away? Here are the best beach towns to live in that can make your dreams a reality.", "image": "https://sleeveuphomes.com/files/blog/ee50a03a-50f3-4e27-a370-ef9d48fcdcd8_mediterranean-summers.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-10-07", "dateModified": "2021-10-07" } </script> <p class="mb-4">A sea breeze to cool you during summer and a temperate climate to keep you warm during winter. Lively people, pristine beaches, surfing, and a welcoming culture. What more could a person ask for? California has some of the best beach towns to live in out of the entire US. And we do mean live in, not just visit.</p> <p class="mb-4">People pay good money to spend just a few weeks per year in a beach town. But why not enjoy such luxuries year-round by avoiding classic tourist destinations? Here is a list of the 10 best beach towns to live in California, in no specific order.</p> <h2 class="mb-4">Newport Beach, Orange County</h2> <p><img alt="Best Beach Towns to Live In California" class="img-fluid" src="https://sleeveuphomes.com/img/newport-beach.jpg" /></p> <p class="mb-4">Located in <a href="https://sleeveuphomes.com/orange-county">Orange County</a>, Newport Beach is home to around 85 000 residents. Newport Beach is not only a beach town, but also partially covers the San Joaquin Hills. To the west, it is bordered by the Santa Ana River, and that makes Newport Beach a beach town by a river nestled in hills.</p> <p class="mb-4">The diverse geographical features are the perfect grounds for a whole host of outdoor activities, from surfing to birdwatching. But it doesn’t end there – 8 artificial islands with residential properties are located in Newport Harbour.</p> <p class="mb-4">Newport Harbour is one of the largest recreational harbors on the West Coast, so you can enjoy everything from kayaking to fishing. However, all of the benefits of Newport Beach come with a price tag – housing prices are well above the median in California.</p> <h2 class="mb-4">Santa Monica, Los Angeles County</h2> <p><img alt="Santa Monica Pier at Sunset" class="img-fluid" src="https://sleeveuphomes.com/img/santa-monica.jpg" /></p> <p class="mb-4">Santa Monica is largely a resort town, but that doesn’t mean it is not one of the best beach towns to live in full-time. It is placed in the eponymous Santa Monica Bay and is home to around 90 000 people. As it is located in <a href="https://sleeveuphomes.com/los-angeles-county">Los Angeles County</a>, Santa Monica is bordered by 5 different Los Angeles neighborhoods.</p> <p class="mb-4">The people of Santa Monica are very eco-conscious and it was one of the first places in the US to take active steps to preserve the environment. As far back as 1994, a comprehensive sustainability plan was adopted. And the people of Santa Monica not only followed through, but went beyond. By 2019, 100% of the city’s energy came from renewable sources.</p> <p class="mb-4">As far as employment opportunities go, Santa Monica is big on creative industries. The US headquarters of Universal Music Group is based in Santa Monica, alongside Lionsgate Films, game development studios like Activision Blizzard, Riot Games, and PUBG Corporation, among others. It is the center of Silicon Beach – a rising competitor to Silicon Valley.</p> <h2 class="mb-4">Encinitas, San Diego County</h2> <p class="mb-4">Encinitas has a lot of things going for it, one of which is the climate. The temperatures generally range between 40 and 85 °F, rarely going outside of that scope, making for a mild Mediterranean feel. It is also home to a lot of educational institutions, including 3 colleges.</p> <p class="mb-4">It might be due to the relaxing climate or the local culture, but a very important factor that makes Encinitas one of the best beach towns to live in is – safety. It is one of the <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">safest places in California</a> when it comes to crime statistics. You will be as safe and secure in your person and belongings if you live in Encinitas as you will be anywhere else in California.</p> <p class="mb-4">A notable local landmark/art installation is the Surfing Madonna. It is a mosaic installed overnight in 2011, depicting the Virgin of Guadalupe on a surfboard. Because it was installed without permission, it was quickly taken down. However, due to the response by the locals, it was reinstalled across the street from its original location and is now, once again, on full display.</p> <h2 class="mb-4">Carlsbad, San Diego County</h2> <p class="mb-4">Carlsbad is a neighboring beach town to Encinitas. Consequently, it shares the same climate – mild summers and temperate winters. However, while both neighbors are located in <a href="http://county" rel="nofollow">San Diego County</a>, Encinitas has more of a beach town feel and Carlsbad is a true coastal city, with around 120 000 people calling it home.</p> <p class="mb-4">If you are into anything golf-related, Carlsbad could be the choice for you. Besides the numerous recreational golf courses, it is also one of the leading cities when it comes to the golf manufacturing industry. So much so that it has the nickname Titanium Valley – in reference to the industry.</p> <p class="mb-4">Carlsbad also houses Legoland California, making it a popular tourist destination for both Californians and people from across the US. An interesting fact is that one of its sister cities is Karlovy Vary – a spa town and one of the most popular tourist destinations in the Czech Republic.</p> <h2 class="mb-4">Laguna Beach, Orange County</h2> <p><img alt="Laguna Beach Orange County" class="img-fluid" src="https://sleeveuphomes.com/img/laguna-beach.jpg" /></p> <p class="mb-4">To make a switch from the more populous places, let’s talk about Laguna Beach – a quaint little town with a population below 25 000. What is special about Laguna Beach you may ask? The beautiful beaches and the laid-back culture. Painters and photographers have been settling here since the early 1900s to find inspiration in the picturesque landscape.</p> <p class="mb-4">The favorite pastime of residents can likely be considered surfing, as can be expected from a beach town. The Brooks Street Surfing Classic is a surfing competition that started in 1955, making it one of the longest-running surfing competitions in the US.</p> <p class="mb-4">Asides from that, hiking, biking, and running in the more than 20 000 acres of protected land is what you can look forward to if you were to live in Laguna Beach. And even though it’s small, Laguna Beach is home to an institution of higher learning – the Laguna College of Art & Design.</p> <h2 class="mb-4">Rancho Palos Verdes, Los Angeles County</h2> <p class="mb-4">Rancho Palos Verdes is one of the best towns to live in for 2 reasons – safety and beauty. According to most crime studies, it is even safer than Encinitas and the diverse geographical features can rival that of Laguna Beach.</p> <p class="mb-4">If you were to move here, seeing peafowl strolling by on the beaches will become a regular occurrence. While there are ecological downsides to such a large population of peafowl living in the area, seeing a peacock strut its tail feathers up a bluff is truly a sight to behold.</p> <p class="mb-4">The public schools are consistently highly rated, most residents own their homes, and there is no lack of attractions – from cafés and restaurants to nightclubs. But, the price of real estate and the cost of living is fairly above average for California, which would be the main downside of living in Rancho Palos Verdes.</p> <h2 class="mb-4">Carmel-by-the-Sea, Monterey County</h2> <p class="mb-4">A list of the best beach towns to live in must include Carmel-by-the-Sea. With a tiny population of around 4 000, Carmel-by-the-Sea is more of a tourist destination than anything else. So, people moving here is quite uncommon, but it is still one of the most prestigious places to call home.</p> <p class="mb-4">It was founded in 1902 and was settled by mostly artists. According to a 1910 article from the San Francisco Call, the majority of Carmel’s residents were creatives, devoted to the ‘aesthetic arts’. The artistic vibe can still definitely be felt in Carmel, but now it is also home to many luxury resorts and hotels.</p> <p class="mb-4">A whole host of notable artists, scholars, and political thinkers called Carmel-by-the-Sea home at some point - from Clint Eastwood to Robert A. Heinlein. On the downside, it is one of the most expensive places in California, but when it comes to the best coastal towns to live in if you have the financial means, Carmel must be mentioned.</p> <h2 class="mb-4">Santa Barbara, Santa Barbara County</h2> <p><img alt="santa barbara harbor" class="img-fluid" src="https://sleeveuphomes.com/img/santa-barbara-harbor.jpg" /></p> <p class="mb-4">Nestled between the Santa Ynez Mountains and the Pacific Ocean, Santa Barbara is the capital of the eponymous county. It has been promoted as the American Riviera, but it is not only a tourist and resort destination.</p> <p class="mb-4">Santa Barbara is home to around 90 000 people and has a diverse economy. Besides the service sector, the tech and aerospace industries are well-represented. Yet, most residents are employed by Santa Barbara County.</p> <p class="mb-4">It should be noted that residents have access to four institutions of higher learning, which makes Santa Barbara one of the most education-focused towns on this list. All that being said, Santa Barbara is probably best known for its multitude of sandy beaches, as is only right when talking about the best beach towns to live in.</p> <h2 class="mb-4">Venice, Los Angeles County</h2> <p><img alt="Venice Beach " class="img-fluid" src="https://sleeveuphomes.com/img/venice-beach.jpg" /></p> <p class="mb-4">Venice was founded in 1905 as a resort town under the name the Venice of America. While most things have significantly changed since then, two remain the same – it has miles of canals running through it, just like the Venice of Italy, and it is still a popular resort destination.</p> <p class="mb-4">While it is best known for the Venice Boardwalk, which features numberless performers, shops, and street art installations, Venice is not only a tourist town. It is home to around 40 000 people that make Venice the cultural hub that it is.</p> <p class="mb-4">What makes Venice truly stand out from the crown is the architecture. Modeled on Venice, Italy, a lot of the buildings are built in the Italian Renaissance style. As a part of Los Angeles proper, Venice provides many of the opportunities of living in an urban environment, while still retaining the laid-back atmosphere of a beach town.</p> <h2 class="mb-4">Half Moon Bay, San Mateo County</h2> <p><img alt="Half Moon Bay, San Mateo County" class="img-fluid" src="https://sleeveuphomes.com/img/half-moon-bay.jpg" /></p> <p class="mb-4">We will finish our list off with another small beach town – Half Moon Bay. Situated in the bay of the same name, Half Moon Bay is the quintessential small beach town. With a population of less than 15 000 and an economy focused primarily on tourism, agriculture, and fishing, it is the perfect place for those looking to get away from a fast-paced lifestyle.</p> <p class="mb-4">And Half Moon Bay couldn’t be one of the best beach towns to live in if surfing wasn’t popular with the locals. Mavericks is a well-known big wave surf area, where surfers can try to ride waves as tall as 60 feet. It also hosted the Titans of Mavericks surfing competition, but it was discontinued in 2016.</p> <p class="mb-4">Because a large part of its economy is based on tourism, Half Moon Bay suffered severely during the 2008 Financial Crisis. The situation has been steadily improving, although the pandemic has once again thrown a wrench into the plans. That being said, Half Moon Bay is still a perfect little beach town for those that have the luxury to call it home.</p> <h2 class="mb-4">Need to Finance Your Move?</h2> <p class="mb-4">If any of the listed beach towns has caught your eye, you should start making plans. And the first thing you should do is search for the best buyer for your old home so that you can finance your move. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys homes in Southern California for the highest prices.</p> <p class="mb-4">We are not wholesalers or flippers, so you can expect to get a better offer than if you were to look elsewhere. And because we are direct buyers, you won’t be paying any realtor commission, which can easily leave you with over $20 000 in your wallet. Contact us to <a href="https://sleeveuphomes.com/request-offer?">get a cash offer </a>and take the first step to making your dreams a reality.</p>
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            • short_descriptionDreaming of spending every day on a sandy beach watching the tide roll away? Here are the best beach towns to live in that can make your dreams a reality.
            • keywordsDreaming of spending every day on a sandy beach watching the tide roll away? Here are the best beach towns to live in that can make your dreams a reality.
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            • slugus-migration-trends-where-are-people-moving-to
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            • autor_nameSleeveUp Homes
            • titleWhere Are People Moving To?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/us-migration-trends-where-are-people-moving-to" }, "headline": "US Migration Trends – Where Are People Moving To?", "description": "Where are people moving to? We take a look at domestic migration patterns, popular locations, and the way the situation has changed in the last few years.", "image": "https://sleeveuphomes.com/files/blog/70b7daf8-8ef0-45ca-955e-c546ef4175fa_moving-trends.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-10-14", "dateModified": "2021-10-14" } </script> <p class="mb-4">The COVID-19 pandemic has caused fundamental changes to the way people live their lives. In some ways, the biggest shift has been in the number of people looking to move to continue living, at least in part, normally. But where are people moving to and what are the main reasons?</p> <p class="mb-4">As the situation has been ongoing for a few years now, noticeable trends have started emerging. Certain states are clear winners when it comes to desirable locations to move to, while some locations are seeing minor de-population.</p> <p class="mb-4">But, before we get to specific locations, we should deal with some of the main reasons people are choosing to move. And first and foremost, let’s deal with the obvious – around a fifth of Americans moved or know someone who has <a href="https://www.pewresearch.org/fact-tank/2020/07/06/about-a-fifth-of-u-s-adults-moved-due-to-covid-19-or-know-someone-who-did/" rel="nofollow">moved due to the pandemic</a>. COVID-19 is the primary impetus behind the current situation, but it goes much deeper.</p> <h2 class="mb-4">How Influential Is Remote Work on Moving Trends?</h2> <p class="mb-4">In prior years, some people may have wished to move, but couldn’t due to job opportunities. The rise in remote work, in large part spurred by the pandemic, has enabled people to relocate. They no longer had to live in expensive cities with large labor markets. The simple possibility of moving and continuing to work has been one of the driving factors behind the recent migrations.</p> <p class="mb-4">The situation has changed recently, as polls show that <a href="https://news.gallup.com/poll/321800/covid-remote-work-update.aspx" rel="nofollow">workers are returning</a> to their workplaces in large numbers. However, the circumstances are still drastically different than the ones before the pandemic, so remote work is continuing to empower Americans to move according to their wishes.</p> <h2 class="mb-4">Americans Are Increasingly Looking for Affordable Living</h2> <p class="mb-4">Affordable cities and towns – those with low housing and living costs – are the primary destinations. With <a href="https://sgp.fas.org/crs/misc/R46554.pdf" rel="nofollow">high unemployment</a> and an unstable economy, it comes as no big surprise that people are moving to places that would reduce their living expenses. But it’s not just Americans with precarious finances that are moving.</p> <p class="mb-4">Remote work has allowed people who are in a relatively stable financial situation to move away from large metro areas with high living expenses. It is hard to estimate how many people are moving because they must and how many because they can, but affordability plays a large role in both cases.</p> <h3 class="mb-4">New York and San Francisco Were Hit Hard</h3> <p class="mb-4">New York City and the San Francisco Bay Area are good representatives of the big metro areas that people are leaving in droves. The growth of these areas began to stall even pre-pandemic, but the newest migration patterns show that outbound migration has increased significantly.</p> <h2 class="mb-4">Rural/Less Crowded Areas Are Becoming Increasingly Popular</h2> <p class="mb-4">As people are moving away from high-cost, crowded metro areas like those found in California and Illinois, they are looking to settle in places with less population density. States like Idaho and Arizona are common destinations. People are moving to avoid direct contact with strangers.</p> <p class="mb-4">They want to live in, and be able to afford, spacious living quarters. Homes with porches, large back yards, and simply more room are becoming increasingly popular. That doesn’t mean everyone is willing to <a href="https://sleeveuphomes.com/los-angeles-county">sell their home in Los Angeles County</a> to move to a rural area, but enough people are doing it that the trend is perceivable.</p> <h3 class="mb-4">But It’s Not Truly an Exodus from Big Metro Areas</h3> <p class="mb-4">While people have been moving away from cities, they have largely stayed in the general metro areas. The migrations have mostly been away from city hubs to suburbs, satellite cities, and surrounding locations. The main takeaway is that people are moving outwards, but not necessarily across large distances.</p> <h2 class="mb-4">The States Where People Are Moving To</h2> <p class="mb-4">Ultimately, people are either moving away from large business hubs but staying in the area or moving to states that have less population density, are more affordable, and often provide COVID-related benefits. The southern states are seeing a net influx of inbound migration – which is a trend that has been going on even pre-pandemic and has only been exacerbated.</p> <h3 class="mb-4">Arizona</h3> <p><img alt="arizona sleeveup" class="img-fluid" src="https://sleeveuphomes.com/img/arizona-sleeveup.jpg" /></p> <p class="mb-4">Arizona has consistently been at the top of the charts for inbound migration in 2020 and 2021. In particular, there has been a particular stream of people moving to Phoenix since 2020. With a warm climate and more outdoor activities than in most Northern States, it is no big surprise that Arizona is topping the charts.</p> <h3 class="mb-4">Idaho</h3> <p><img alt="idaho" class="img-fluid" src="https://sleeveuphomes.com/img/idaho.jpg" /></p> <p class="mb-4">Similar to Arizona, Idaho is seeing a net influx of inbound migration. In the current circumstances, people moving to Idaho is expected. Idaho is one of the least densely populated states in the US and housing is more affordable than in most of the country, which makes it a natural choice for people looking for affordable living.</p> <h3 class="mb-4">North and South Carolina</h3> <p><img alt="north carolina" class="img-fluid" src="https://sleeveuphomes.com/img/north-carolina.jpg" /></p> <p class="mb-4">Historically, South Carolina has been one of the top states people are moving to and the same has continued during the pandemic. North Carolina has also been a popular choice for people looking to move but has only reached the top of most charts in the last 5 years.</p> <h2 class="mb-4">Thinking of Moving?</h2> <p class="mb-4">If you are also looking to move to a state with a lower cost of living and less population density, <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help you out. We buy houses in Southern California as-is and will buy your property for the highest price possible. And because we are direct buyers, you won’t be paying any commissions or closing fees.</p> <p class="mb-4">But we know that moving is a big decision, so there’s no need to rush it. Contact us to <a href="https://sleeveuphomes.com/request-offer">get a no-obligation cash offer</a> and see how we fit into your plans. When you do decide to sell your home and move, we can help you close and be on your way in as little as 7 days.</p>
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            • short_descriptionWhere are people moving to? We take a look at domestic migration patterns, popular locations, and the way the situation has changed in the last few years.
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            • slugthe-best-places-to-retire-in-the-us-find-a-state-and-city-perfect-for-you
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            • titleBest Places to Retire in US
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/the-best-places-to-retire-in-the-us-find-a-state-and-city-perfect-for-you" }, "headline": "The Best Places to Retire in the US – Find a State and City Perfect for You", "description": "Looking for the best city to spend your retirement in? Here is an article on the best places to retire in the US to help you narrow down your choice.", "image": "https://sleeveuphomes.com/files/blog/540210d1-642d-4959-a6e1-8a06daca22f9_best-places-to-retire.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-10-14", "dateModified": "2021-10-14" } </script> <p class="mb-4">While retirement planning is highly subjective and dependant on individual circumstances, there are certain factors most soon-to-be retirees consider high priorities. You may prefer warmer or colder weather, but you definitely want to be comfortable financially, feel safe, and be able to find a community. Thus, there is no one best place to retire to in the US, but there is one for you.</p> <p class="mb-4">Because of the different criteria that could affect your choice, we’ve made a diverse list of desirable retirement locations with 5 states and a representative city or town from each state. Criteria such as weather, safety, cultural events, and access to healthcare are considered. But we’ve also attempted only to list places that are affordable.</p> <p class="mb-4">As it stands right now, the <a href="https://www.nar.realtor/research-and-statistics" rel="nofollow">median home price in the US</a> is around $356 000. The locations on our list will mostly have median home prices below or around the national average. Ultimately, it’s a balancing act – even if you find a place you love, you need to be able to afford to move there, which is why we provide multiple options.</p> <h2 class="mb-4">Georgia</h2> <p><img alt="georgia" class="img-fluid" src="https://sleeveuphomes.com/img/georgia.jpg" /></p> <p class="mb-4">One of the main reasons you should consider retiring in Georgia is the low cost of living and affordable housing. Property taxes are relatively low compared to the rest of the country and there are no estate or inheritance taxes in Georgia. You also get tax exemptions for retirement income.</p> <p class="mb-4">The average price of a home in Georgia is around $256 000, which is below the national average. So, if you were to <a href="https://sleeveuphomes.com/san-bernardino">sell a home in San Bernardino County</a>, where the average price is around $469 000, you could both finance a new home in Georgia and have a good chunk of money left over.</p> <p class="mb-4">Another reason to retire in Georgia is the climate. The average yearly temperature is around 64 degrees and there is little chance of natural hazards. That is, unless you are living on the coast, where there is an increased risk of hurricanes.</p> <p class="mb-4">Georgia does have one downside for retirees – the percentage of over 65s living here is below the national average. Thus, if you are looking to live in communities with people in a similar age range, it may take some work. Additionally, Georgia ranks low when it comes to arts and entertainment establishments per capita, so that is another potential downside.</p> <h3 class="mb-4">Augusta</h3> <p class="mb-4">Augusta is a good representative of Georgia and is one of the best cities to retire in. The housing prices are below average for GA, so there is a lot of incentive for retirees to move here and safeguard their retirement nest egg.</p> <p class="mb-4">This lovely river city is home to around 200 000 people and is home to 7 large parks and recreational areas, perfect for people looking for calm and comfort. If the city itself doesn’t provide enough entertainment, you can always take a day trip to Atlanta or South Carolina, as the city lies just across the state border.</p> <h2 class="mb-4">Tennessee</h2> <p><img alt="tenessee" class="img-fluid" src="https://sleeveuphomes.com/img/tenessee.jpg" /></p> <p class="mb-4">If financial concerns are your primary motivator when deciding on the best place to retire to, you should definitely consider Tennessee. The cost of living and the price of housing, with an average house costing around $241 000, can make for very comfortable living.</p> <p class="mb-4">You also won’t be paying any state income or estate tax if you move to Tennessee. Combined with the favorable weather, TN should be on the list of everyone’s retirement locations. However, moving to Tennessee does have a downside – the serious crime rates in the major cities are above average.</p> <h3 class="mb-4">Knoxville</h3> <p class="mb-4">Knoxville is a college town, but that doesn’t mean it’s not suitable for retirement. First, let’s get the main negative factor out of the way – Knoxville does fall into the category of cities with an above-average serious crime rate. But let’s get to the positive.</p> <p class="mb-4">Healthcare is easily accessible in Knoxville and Knox County ranks 13th out of the 95 counties of Tennessee. Yet, the main draw of Knoxville is the culture. It has a rich and vibrant arts community and many festivals are held throughout the year.</p> <p class="mb-4">If you want to spend your retirement listening to bluegrass or country, Knoxville could be the choice for you. You will also have access to the Knoxville Opera or Symphony Orchestra, in case your preferences lie there. In essence, Knoxville is one of the best retirement cities if you are looking for a little less calm and a bit more activity.</p> <h2 class="mb-4">Massachusetts</h2> <p><img alt="massachusetts" class="img-fluid" src="https://sleeveuphomes.com/img/massachusetts.jpg" /></p> <p class="mb-4">Massachusetts is not affordable, it’s as simple as that. MA is one of the best places to retire to in the US only if you have the financial means. The average home price is around $530 000, which is even comparable to a lot of places in California. If you were to <a href="https://sleeveuphomes.com/riverside-county">sell a house in Riverside County CA</a> and buy one in MA, you’d about break even.</p> <p class="mb-4">However, Massachusetts is on the list for a reason. You would have good access to health care, economic stability is high, and overall environmental conditions are good. The climate is colder than the rest of the states on the list, but that could be a selling point for those who prefer cold weather.</p> <h3 class="mb-4">Pittsfield</h3> <p class="mb-4">Pittsfield is one of the best places to retire to because it combines the positives of MA – good access to health care, air quality, and economic stability – and lessens the negatives. The price for an average home in Pittsfield is around $233 000, which is less than half for MA.</p> <p class="mb-4">There is also little risk of natural hazards and it has a strong cultural scene. It even received the <a href="https://massculturalcouncil.org/culture-now/commonwealth-awards/#:~:text=Presented%20every%20two%20years%2C%20the,life%20in%20communities%20across%20Massachusetts." rel="nofollow">Commonwealth Award</a> (MA’s award for the arts, humanities, and sciences) in 2009. All in all, if you prefer colder weather, good health care, and are partial to the arts, while still living in a place that’s relatively affordable, Pittsfield could be the choice for you.</p> <h2 class="mb-4">California</h2> <p><img alt="california" class="img-fluid" src="https://sleeveuphomes.com/img/california.jpg" /></p> <p class="mb-4">Similar to Massachusetts, living in California is not cheap. House prices are above the national average, as is the cost of daily living. But California has a lot of other things going for it. Of course, we should first mention the climate – one of the main incentives to move to CA is the year-round warm weather. Then, we get to the diverse geography.</p> <p class="mb-4">You could choose to retire near one of California’s many beaches. Or go further inland and hike in hills and mountain paths. One thing that California offers that no other state in the US does is the wine culture. Imagine spending your retirement exploring the multitude of <a href="https://sleeveuphomes.com/a-guide-to-california-wine-regions">California’s wine regions</a>. It doesn’t get much better than that, does it?</p> <h3 class="mb-4">Encinitas</h3> <p class="mb-4">Encinitas represents the best aspects of California. It is a beach town of about 60 000 people located in San Diego County. The climate is of a mild, Mediterranean type, which makes for nice summers and warm winters. You can visit the beaches year-round and participate in or watch the many local surfing competitions.</p> <p class="mb-4">But what makes Encinitas stand out as one of the best places to retire to is safety. It is one of the <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">safest places you can live in California</a>. However, all of this comes with a price tag – the price of an average home is far above the national average. You should consider moving here only if financial concerns are secondary.</p> <h2 class="mb-4">Florida</h2> <p><img alt="florida" class="img-fluid" src="https://sleeveuphomes.com/img/florida.jpg" /></p> <p class="mb-4">Florida has long been considered the go-to for retirees. Thus, it can’t be left out of a list of the best places to retire to in the US. But if you plan on moving to Florida, you’ve got to love hot weather. The Sunshine State has the second-highest temperatures out of the entire US, right after Hawaii.</p> <p class="mb-4">A big draw of Florida is that a large percentage of the population is over 65. So you should have no issue finding friends and establishing a community with people of a similar age. That being said, Florida has high instances of natural hazards occurring, primarily hurricanes and tornadoes, which is always a concern.</p> <h3 class="mb-4">Sarasota</h3> <p class="mb-4">Sarasota is best known for its white sandy beaches and many resorts. Tourism is a large contributor to the economy of Sarasota, so this could be the first stop for your next vacation. If you grow to love it, you can start making plans to retire here. And if you do, you definitely won’t grow bored in retirement.</p> <p class="mb-4">Sarasota is a cultural hub so you will always have something to look forward to. Additionally, like many cities in Florida, there is a vibrant retiree community in Sarasota, so it would be quite easy to integrate. However, once again, everything comes with a price tag – the average house price is around $365 000, which is a bit above the national median.</p> <h2 class="mb-4">Don’t Know How to Finance the Move to One of the Best Retirement Places?</h2> <p class="mb-4">Once you decide on a place you like, the first thing you should do is figure out if you can afford it. Contacting <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can be your first step – we buy houses in California and because we pay top dollar, it can help finance your move.</p> <p class="mb-4">And we do mean to help you. We intentionally cut out the middlemen so that you are left with more money in your wallet. If you sell to us, you won’t be paying any realtor commissions, have to cover the closing cost, or even repair anything before you sell – leave everything to us. Still not sure? <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see that we stand behind our words.</p>
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            • short_descriptionLooking for the best city to spend your retirement in? Here is an article on the best places to retire in the US to help you narrow down your choice.
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            • titleBest Cities in San Diego County
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/the-best-cities-in-san-diego-county" }, "headline": "The 10 Best Cities in San Diego County in 2021", "description": " Looking for the best places in Southern California? We have compiled a list of the 10 best cities in San Diego County that can help you along in your search.", "image": "https://sleeveuphomes.com/files/blog/9bb53697-adc7-412e-bb99-6618840d342d_san-diego-california.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-10-27", "dateModified": "2021-10-27" } </script> <p class="mb-4">San Diego County is more than just the city of San Diego itself. Many San Diego suburbs and satellite cities are well worth checking out if you are thinking of moving, but are looking to avoid big crowds. We’ve provided a list of the 10 best cities in San Diego County, taking into account affordability, crime rates, household income, and other relevant statistics.</p> <p class="mb-4">Because what the best city is for you is subjective, our list is only in alphabetical order. All of the towns and cities on the list are worth checking out, and we decided not to single out only one or two. And, because you first need to know if you can afford to move to any of these places, we’ve provided the average price of homes and the sale price change in the last period.</p> <h2 class="mb-4">Carlsbad</h2> <p class="mb-4">Home Price ~ $1,225,000</p> <p class="mb-4">Price Increase ~ 30%</p> <p class="mb-4">Carlsbad is one of the <a href="https://sleeveuphomes.com/mediterranean-summersbest-beach-towns-to-live-in-california">best beach towns</a> in San Diego County, but, maybe counterintuitively, it’s primarily known for the golf industry. It is the center of the golf industry in California, earning the nickname Titanium Valley. Companies like Odyssey Golf, TaylorMade Golf Company, Cobra Golf, etc. are located in Carlsbad and are some of the largest employers.</p> <p class="mb-4">Legoland California is also based in Carlsbad. Keeping all of this in mind, it won’t come as a shock that Carlsbad is a very popular tourist destination, in part because of its beaches, numerous golf courses, and, of course, Legoland.</p> <p class="mb-4">But Carlsbad is not simply a popular tourist destination. Its public schools are some of the best in the county and it is often considered one of the best cities to raise a family. However, all of the positives also make buying a house in Carlsbad pricey – the median home price is well above the US, and even California, average.</p> <h2 class="mb-4">Del Mar</h2> <p class="mb-4">Home Price ~ $3,065,000</p> <p class="mb-4">Price Increase ~ 21%</p> <p class="mb-4">Del Mar is an affluent suburb of San Diego and it shows across all statics. Just taking a glance at the home prices, you can notice that Del Mar is not a place most people can afford to move to. Even if you were to <a href="https://sleeveuphomes.com/orange-county">sell a house in Orange County</a>, where homes net some of the highest prices in California, you’d still be two thirds off from buying a home in Del Mar.</p> <p class="mb-4">In the same vein, there are no major employers in Del Mar and fewer than 4,500 people live here. In short, you don’t move here to become rich, you move here if you already are rich. But everything in Del Mar is so expensive for a reason. It is one of the best San Diego suburbs to live and raise a family in.</p> <p class="mb-4">Crime rates are low, unemployment is low, and schooling is excellent (although the schools are becoming a bit overcrowded). This suburb stretches along the coast and partially further inland. If you can afford to move here, you will always have the option to take your family on prolonged beach outings and other adventures.</p> <h2 class="mb-4">El Cajon</h2> <p class="mb-4">Price</p> <p class="mb-4">Price Increase ~ 27%</p> <p class="mb-4">El Cajon is a city east of San Diego, with a population of over 100,000. Unlike the previous two entries on the list, El Cajon has more of an industrial feel. It is rather densely populated and a lot of the population rents, as opposed to owning their homes. Yet, El Cajon is a family-friendly city with good access to education.</p> <p class="mb-4">It’s interesting to note that 3 of the top 5 employers in El Cajon are educational institutions – the Cajon Valley Union School District, Grossmont-Cuyamaca Community College District, and Grossmont Union High School Districts. But what makes El Cajon truly stand out is the diversity – about a third of the population was born outside of the US.</p> <h2 class="mb-4">Encinitas</h2> <p class="mb-4">Home Price ~ $1,583,000</p> <p class="mb-4">Price Increase ~ 26%</p> <p class="mb-4">Encinitas is a popular suburb of San Diego, in no small part because it is one the safest towns in the San Diego area and because of its excellent school system. As a beach town, you could think that beach-related activities would be popular in Encinitas. And while they are popular, horseback riding may actually be the most popular leisure activity.</p> <p class="mb-4">It could be because it’s one of the <a href="https://sleeveuphomes.com/the-best-places-to-retire-in-the-us-find-a-state-and-city-perfect-for-you">most desirable places to retire</a> in the US, so a large part of the population has time for leisure activities and the money to finance them, but you shouldn’t be surprised to see a lot of people on horseback in the surrounding areas.</p> <p class="mb-4">But, as is often the case, the benefits of living in Encinitas come with a price tag – homes are expensive and the cost of living is high. In fact, only two locations on this list have higher average real estate prices and they are both affluent suburbs with low populations.</p> <h2 class="mb-4">Escondido</h2> <p class="mb-4">Home Price ~ $731,000</p> <p class="mb-4">Price Increase ~ 27%</p> <p class="mb-4"><a href="https://sleeveuphomes.com/escondido">Escondido</a> is one of the oldest towns in San Diego County and with a population of over 140 000, it is one of the most populous cities on this list. Escondido has good public schools and good access to healthcare, with the only trauma center in northern San Diego County being located right in Escondido.</p> <p class="mb-4">On the same note, the Palomar Medical Center, within which the trauma center can be found, is the top employer in the city. The runners-up are the Escondido Union School District and the city of Escondido itself. As far as crime safety goes, Escondido is right in the middle when compared with the 12 other largest cities in San Diego County.</p> <p class="mb-4">However, since 2010, there have been significant reductions in both violent and property crime. But what could make Escondido stand out to you is a focus on the arts – approximately 11% of the population works in fields related to the arts, the California Center for the Arts is located here, and the <a href="http://escondidoarts.org/" rel="nofollow">Escondido Arts Partnership</a> continually promotes the art scene.</p> <h2 class="mb-4">La Mesa</h2> <p class="mb-4">Home Price ~ $793,000</p> <p class="mb-4">Home Price ~ $793,000Price Increase ~ 29%</p> <p class="mb-4">La Mesa is a city of around 60 000 people, just 9 miles east of San Diego. It is one of the more affordable locations on this list, especially compared with the high-quality institutions you have access to when you live here.</p> <p class="mb-4">The civic motto of La Mesa is ‘The Jewel of the Hills’, but, unfortunately, it hasn’t been living up to the motto in recent years. The city suffered through civil unrest in 2020 and 2021 and while the situation has stabilized, <a href="https://www.cbs8.com/article/news/local/new-la-mesa-police-chief-plans-changes-after-riots-controversy/509-1ea55624-2f35-4702-a105-c90f60eeeee9" rel="nofollow">reforms are in the works</a> that will, hopefully, help prevent such negative occurrences in the future.</p> <p class="mb-4">On a more positive note, La Mesa is one of the rare places in San Diego County where German cultural influence can be felt. In particular, the largest annual festival is Oktoberfest. For three days and nights per year, over 200 000 visitors can enjoy and emulate the sights and sounds of Germany, right in the heart of California.</p> <h2 class="mb-4">Oceanside</h2> <p><img alt="Woman Surfer With Surfboard Going to Surf" class="img-fluid" src="https://sleeveuphomes.com/img/oceanside.jpg" /></p> <p class="mb-4">Home Price ~ $742,000</p> <p class="mb-4">Price Increase ~ 27%</p> <p class="mb-4">Unlike what the name might suggest, <a href="https://sleeveuphomes.com/oceanside">Oceanside</a> is not a quaint little beach town in the middle of nowhere. With a population of around 170 000 people, it is the third-largest city in San Diego County and forms the tri-city area with Carlsbad and Vista.</p> <p class="mb-4">However, compared to neighboring Carlsbad, the median home price in Oceanside is much lower, as is the cost of living. With access to similar services and comparable quality of life to other places on this list, Oceanside is the definition of ‘bang for your buck’. Plus, the largest surf competition for women – the Supergirl Pro Jam – is held in Oceanside.</p> <h2 class="mb-4">Poway</h2> <p class="mb-4">Home Price ~ $996,000</p> <p class="mb-4">Price Increase ~ 28%</p> <p class="mb-4">Poway is a smaller town with a population of around 50 000. It is an unincorporated community and became a city in 1980, making it one of the youngest cities on this list. The main drawbacks of Poway are that it is not a beach town and that it is quickly becoming an affluent suburb.</p> <p class="mb-4">While the second point is a positive if you already live in Poway, it also means that it may be rather expensive to move here in the near future. But, there’s a good reason why people are flocking to Poway – it has excellent schools, unemployment is low, and it is one of the <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">safest towns in California</a>.</p> <h2 class="mb-4">San Marcos</h2> <p class="mb-4">Home Price ~ $803,000</p> <p class="mb-4">Price Increase ~ 27%</p> <p class="mb-4">San Marcos is an inland city located in northern San Diego County. It is bordered by Escondido, Encinitas, Carlsbad, and Vista – three of which can also be found on this list. It’s only logical to conclude that this area has some of the best cities in San Diego County and you can’t make a wrong choice if you decide to move here.</p> <p class="mb-4">The city itself is home to around 85 000 people and has a suburban feel. No specific industry stands out as the dominant driver of the San Marcos economy, and people are employed in a wide range of industries – from logistics and retail to education. But the largest employer in the city is the San Marcos Unified School District.</p> <h2 class="mb-4">Solana Beach</h2> <p class="mb-4">Home Price ~ $1,862,000</p> <p class="mb-4">Price Increase ~ 22%</p> <p class="mb-4">Solana Beach comes in last on our list, but definitely not least. It is a small suburb of around 13 000 – 14 000 people and constantly makes it to the top of all lists, year after year. Unemployment and poverty rates are low, most people own their homes, and the schools are top-notch. Solana Beach is littered with art galleries, antique shops, and boutiques. It is the quintessential affluent suburb./p></p> <p class="mb-4">But that’s also its main downside. As far as San Diego real estate prices go, only Del Mar is more expensive. If you want don’t mind a bit of painting with a broad brush – Solana Beach is the more affordable version of Del Mar (which doesn’t make it truly affordable). And yet, Solana Beach is still one of the best cities in San Diego County./p></p> <h2 class="mb-4">How Easy Is It to Buy a House in San Diego County?</h2> <p><img alt="san diego county" class="img-fluid" src="https://sleeveuphomes.com/img/san-diego-county-sleeveup.jpg" /></p> <p class="mb-4">Like in the rest of California, the San Diego real estate market is hot. It is not difficult for sellers to find buyers for a San Diego home and houses don’t sit on the market for too long. Prices have been steadily increasing and continue to do so. And while that’s true for most of San Diego County, it goes double for the 10 places on our list./p></p> <h3 class="mb-4">How Does San Diego Compare to Other Southern California Counties?</h3> <p class="mb-4">It’s right there at the top. The average price of a home is higher in Orange County but lower in San Bernardino, Ventura, and Riverside. The prices are most similar to Los Angeles County – if you were to <a href="https://sleeveuphomes.com/san-diego-county">sell a home in San Diego County</a>, you could buy a comparable one in LA.</p> <h3 class="mb-4">Considering Moving to San Diego?</h3> <p class="mb-4"><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help. We understand the prices are intimidating, especially if you want to move to one of the 10 best cities in San Diego County. You will have to find a buyer for your old home that is willing to offer you top dollar to finance the move. And that is what we do.</p> <p class="mb-4">Because we are not wholesalers or flippers, we will give you a better offer than the others you’ve received. Plus, if you sell to us, you won’t be paying any agent commission, which will leave about 5% of the profits in your pocket. But don’t take us at our word – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> and see for yourself that we are serious when we say that we pay more.</p>
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            • short_descriptionLooking for the best places in Southern California? We made a list of the 10 best cities in San Diego County that can help you along in your search.
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            • slugwhat-are-the-best-weather-cities-in-the-usa
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            • autor_nameSleeveUp Homes
            • titleBest Weather Cities in USA
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-the-best-weather-cities-in-the-usa" }, "headline": "What Are the Best Weather Cities in the USA?", "description": "Sometimes it’s too cold and sometimes too hot? Why not look for the golden middle? Here are the best weather cities in the USA that are just right.", "image": "https://sleeveuphomes.com/files/blog/132e51b9-7137-4535-9067-604796183719_best-weather-cities.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-10-28", "dateModified": "2021-10-28" } </script> <p class="mb-4">Don’t appreciate overcast skies and carrying an umbrella every time you go for a walk? Or spending most of the day inside because the pavement is smoldering and it feels like your soles are peeling (while your soul is melting)? If you lived in one of the best weather cities in the USA, at least the weather wouldn’t be something to worry about.</p> <p class="mb-4">But, how to find those cities? By reading down our list. We’ve selected 5 cities that have the most days with high temperatures between 70 and 80 degrees Fahrenheit and humidity between 40% and 60%. This combination of temperature and humidity is what most people find ideal.</p> <p class="mb-4">On top of that, we’ve combined low average cloud cover and a low average wind speed, to find cities with ideal weather, so to speak. So, this is a list of cities with mild temperatures and humidity, low wind speeds, and a lot of sunny days, in no specific order.</p> <h3 class="mb-4">Which State Wins Out?</h3> <p class="mb-4">It will come as no big surprise that California has some of the nicest weather in the continental US. 4 out of the 5 cities with the best weather in the USA are in California. Maybe the weather is one of the main factors that makes CA one of the <a href="https://sleeveuphomes.com/the-best-places-to-retire-in-the-us-find-a-state-and-city-perfect-for-you">best places to retire in the US</a>? And the non-Cali city is in Arizona, so that makes 5/5 for south-western states.</p> <h2 class="mb-4">Santa Clarita, Los Angeles County, CA</h2> <p class="mb-4">Santa Clarita can be found about 30 miles northwest of LA and sits at an elevation of around 1,200 feet. While peak summer months can get scorching, with average highs in July and August reaching 94 degrees, most of the year is extremely pleasant. Santa Clarita has about 35 ideal weather days (accounting for temperature, humidity, and cloud cover).</p> <h3 class="mb-4">What Makes Santa Clarita Stand Out Besides the Weather?</h3> <p class="mb-4">Santa Clarita is the third-most populous city in Los Angeles County, with a population of around 230 000. Besides the great weather and uncountable parks, Santa Clarita is also home to Six Flags Magic Mountain. This amusement park holds the world record for the most rollercoasters – with 19, and has over 3 million visitors annually. Not bad, is it?</p> <h2 class="mb-4">El Centro, Imperial County, CA</h2> <p class="mb-4">El Centro is the city with the largest number of ideal weather days on this list. It has around 50 ideal days per year, accounting for temperature and humidity. But what makes it truly stand out is that the skies will be cloudless above 85% of the time. So, if you are looking to spend your days lounging about in the sun, El Centro is the place for you.</p> <h3 class="mb-4">How’s El Centro Doing Otherwise?</h3> <p class="mb-4">It’s good that El Centro has near-perfect weather because it was hit hard during the recession of the late 2000s. According to the Bureau of Labour Statistics, it had an unemployment rate of around 25% in 2009 – the highest of any metropolitan area in the country. The situation is a bit better now, but it still has an <a href="https://www.bls.gov/opub/ted/2021/el-centro-california-had-the-highest-unemployment-rate-in-december-2020.htm?view_full" rel="nofollow">unemployment rate of 17.7%</a>.</p> <p class="mb-4">On a more positive note, El Centro residents can go to the Algodones Dunes to race sand buggies or visit the nearby Salton Sea or Colorado River for some water-related activities. Plus, if you moved here, you would be neighbors with Riverside County, one of the up-and-coming American Viticultural Areas (<a href="https://sleeveuphomes.com/a-guide-to-california-wine-regions">mini-wine regions</a>, to put it simply).</p> <h2 class="mb-4">San Jose, Santa Clara County, CA</h2> <p><img alt="santa clara county" class="img-fluid" src="https://sleeveuphomes.com/img/santa-clara-county.jpg" /></p> <p class="mb-4">San Jose is the largest city on this list, with a population of over 1,000,000. It has about 40 days of ideal weather yearly and you can expect no cloud cover around 70% of the time. Plus, wind speeds average approximately 5.0 mph, so San Jose definitely deserves to be on this list.</p> <h3 class="mb-4">What Else Can San Jose Offer?</h3> <p class="mb-4">The residents of San Jose have it good. They live in the county seat of Santa Clara County, which is one of the most affluent counties in the entire US. Since 1988, the city motto is ‘Capital of Silicon Valley’. What more needs to be said? But, if you want us to expand – San Jose has the third-largest GDP per capita in the world.</p> <p class="mb-4">The headquarters of PayPal, Samsung, Hewlett Packard, and eBay are all located in San Jose, and that’s just naming a few. So, San Jose is not just one of the best weather cities in the USA, it’s also one of the richest. Maybe home values will paint an even clearer picture – the home value of a <em>middle-price</em> tier home is around $1,303,000.</p> <h2 class="mb-4">Mesa, Maricopa County, AZ</h2> <p class="mb-4">Mesa, Arizona is the only city on this list not from California. And it managed to get on the list because it has about 35 ideal weather days per year, and cloud cover sits over Mesa only around 20% of the time. The summers get <em>hot</em>, but Mesa has a desert climate, so it’s to be expected. But as far as desert climates go, it’s quite mild.</p> <h3 class="mb-4">Other Interesting Facts About Mesa</h3> <p class="mb-4">As Mesa is a large city, with over half a million inhabitants, there’s no lack of attractions and chances for fun activities. From the Mesa Arts Center, the largest in Arizona, to Mesa Grande Temple Mound, residents can easily find something to fill their free time. And if you want to see roses blooming in the desert, visit the Rose Gardens at the Mesa Community College.</p> <h2 class="mb-4">Fontana, San Bernardino County, CA</h2> <p><img alt="San Bernardino National Forest" class="img-fluid" src="https://sleeveuphomes.com/img/san-bernardino.jpg" /></p> <p class="mb-4">Located in <a href="https://sleeveuphomes.com/san-bernardino">San Bernardino County</a>, Fontana takes the last place on our list of the best weather cities in the USA. It annually has around 36 ideal weather days and you will see pure sunshine a good 79% of the time. Average winds speeds in Fontana are about 4.6 mph, but when <a href="https://sleeveuphomes.com/santa-ana">Santa Ana</a> winds blow, the situation is quite different – for the worse, according to most.</p> <h3 class="mb-4">What More Can You See in Fontana?</h3> <p class="mb-4"><a href="https://sleeveuphomes.com/fontana">Fontana</a> started out as an agricultural community, then developed into an industrial town – with the largest employer being the Keiser Steel Mill, and is now the second-largest city in San Bernardino County. For NASCAR fans, the Auto Speedway Club in Fontana has been hosting races since 1997.</p> <h2 class="mb-4">And One More</h2> <p class="mb-4">While this list is about the best weather cities in the USA, we would like to go in the opposite direction and mention Buffalo, New York. This city has over <em>310</em> cloudy or partially cloudy days per year. Because of the lake-snow effect, it gets a full two months of snow yearly. Having only 3-4 sunny months doesn’t seem so bad now, does it?</p> <h2 class="mb-4">Is Searching for Good Weather Urging You to Move?</h2> <p><img alt="Palm Trees in California" class="img-fluid" src="https://sleeveuphomes.com/img/best-weather-cities-sleeveup.jpg" /></p> <p class="mb-4">Then your first step should be to contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We buy houses all across Southern California and can buy your old home for top dollar, which can help you finance the move to one of the best weather cities in the USA.</p> <p class="mb-4">If you’re worried about making repairs or <a href="https://sleeveuphomes.com/how-to-prepare-your-home-for-sale">prepping your home for sale</a> – don’t. We’ll buy your house as-is and still make the best offer possible. And don’t worry about paying a realtor commission either – we take care of everything. But, there’s no reason to rush. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> first to see how we can help.</p>
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            • short_descriptionSometimes it’s too cold and sometimes too hot? Why not look for the golden middle? Here are the best weather cities in the USA that are just right.
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            • slugwhere-to-live-the-best-cities-in-riverside-county
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            • titleBest Cities in Riverside County
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/where-to-live-the-best-cities-in-riverside-county" }, "headline": "Where to Live? – The Best Cities in Riverside County", "description": "Interested to learn more about the best cities in Riverside County? Here’s a list of the 5 best cities and the reasons why they are on this list.", "image": "https://sleeveuphomes.com/files/blog/442b3f54-4d50-47de-a6cf-2b8b87938511_riverside-county.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-11-05", "dateModified": "2021-11-05" } </script> <p class="mb-4">On the outskirts of the LA metropolitan area lays Riverside County – home to around 2.5 million people. This, somewhat less well-known, county in Southern California is not so much focused on attracting visitors, but more on improving the quality of life of its residents. The best cities in Riverside County will rarely make a list of popular cities in CA.</p> <p class="mb-4">But just because a place isn’t popular doesn’t mean it’s not worth checking out. And when we say not popular, we mean by Californian West Coast standards. People are still moving to cities in Riverside County – <a href="https://www.census.gov/quickfacts/fact/table/riversidecountycalifornia/PST045219" rel="nofollow">the population rose by 12.8%</a> in the last decade. You can consider it an oasis of calm in an otherwise chaotic state.</p> <p class="mb-4">That also means that the best cities in Riverside County are more affordable than most other locations in CA. If you were to <a href="https://sleeveuphomes.com/orange-county">sell a house in Orange County</a>, you could just about buy two homes in Riverside. Naturally, that also means that everyday life is cheaper. This article will focus on some of the places worth checking out, but we’ll start with the economic situation.</p> <h3 class="mb-4">How Is the Economy of Riverside Doing?</h3> <p><img alt="Economy of Riverside County" class="img-fluid" src="https://sleeveuphomes.com/img/riverside-county-economy.jpg" /></p> <p class="mb-4">Let’s start with the bad and the most pressing issue Riverside County faces – unemployment. In 2021, the <a href="https://fred.stlouisfed.org/series/CARIVE5URN" rel="nofollow">unemployment rate</a> hovered around 7 – 8%, which is above the US average. And housing costs rose by approximately 28% in the last year. So, high unemployment and rising housing costs. This doesn’t paint such a bright picture, does it?</p> <p class="mb-4">However, statistics are a matter of perspective, regardless of how counterintuitive it may seem. The unemployment rate in 2021 was around 7 – 8%, yes, but it <em>fell from 16% in April of 2020</em>, when the pandemic hit hardest. And real estate prices are rising, but a middle-tier home in Riverside costs around $540 000, which is far lower than in most other counties.</p> <p class="mb-4">To further emphasize the point of interpreting statistics – no city on this list is one of the 15 <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">safest cities in California</a>. Does that make the cities on this list unsafe? No, 4 out of the 5 cities are included in the 50 safest cities in CA, according to most metrics.</p> <p class="mb-4">This is a good description of Riverside County – it is rarely the best at anything, but living here is good and getting better. But, enough about that. Let’s explore and take a tour of the 5 best cities in Riverside County.</p> <h2 class="mb-4">Temecula</h2> <p class="mb-4"><a href="https://sleeveuphomes.com/temecula">Temecula</a> is a city in southwestern Riverside County with a population of around 110 000. The average price of a middle-tier home is approximately $676 000 and the prices rose by 30% in the last year. Temecula and the next 3 cities on the list are some of the <a href="https://www.safewise.com/blog/safest-cities-california/#list" rel="nofollow">50 safest places in California</a>.</p> <p class="mb-4">The public schools here are highly rated and most people own their homes, as opposed to renting. But what makes Temecula truly stand out is that it is probably the most popular tourist destination in Riverside County. There’s an abundance of golf courses, the Temecula Valley International Film Festival is held annually, and, of course, the expansive wine culture.</p> <h3 class="mb-4">The Temecula Valley American Viticultural Area</h3> <p class="mb-4">California is famous for its <a href="https://sleeveuphomes.com/a-guide-to-california-wine-regions">wine regions</a>, but the South Coast is severely lacking in this field. Well, all of the South Coast except Temecula. San Diego County is slowly trying to join the wine club, but it’s still not there. The Temecula Valley American Viticultural Area is the most famous AVA in this part of the state, no ifs or buts about it. And it shows in the local culture.</p> <p class="mb-4">If you come to Temecula, one of your first stops should be to go to the Temecula Valley Balloon and Wine Festival. You’ll get balloon launching, wine tasting (and food pairing), and, of course, a wine competition. In essence, Temecula is a little bit of Central Valley located in the heart of the South Coast.</p> <h2 class="mb-4">Murrieta</h2> <p class="mb-4">Murrieta borders Temecula to the south and is generally considered a commuter town. That is, it is primarily residential and most people commute a significant distance for work. Like Temecula, it is one of the safest cities in Riverside County. The average price of a home is approximately $622 000 and the price rose by 30% in the last year.</p> <p class="mb-4">It has a population of around 116 000, but one of the most interesting things about Murrieta is the recent population growth. Namely, the population increased by a <em>staggering 113%</em> from 2000 to 2010. If that surge of people is not a good indicator that Murrieta is one of the best cities to live in Riverside County, not much else is.</p> <p class="mb-4">So, Murrieta is mostly a town of young professionals. But that’s not all there is to. Its Mediterranean climate can allow you to enjoy one of the three golf courses located within the city limits year-round. On that subject, presidents Reagan and Ford used to visit Murrieta to play golf. And you can always go to neighboring Temecula if you’re looking for some world-class wine.</p> <h2 class="mb-4">Corona</h2> <p class="mb-4"><a href="https://sleeveuphomes.com/corona-ca">Corona</a> has a population of around 169 000 and lies 48 miles southeast of LA. It’s nicknamed the Circular City because of its Grand Boulevard’s circular layout. Corona is at the same time a residential city, with good public schools and lots of recreational areas, but also has a thriving industry sector.</p> <p class="mb-4">The headquarters of Saleen Automotive, the supercar manufacturer, is located in Corona. And the Fender Musical Instrument Corporation has manufacturing facilities here. But, a thriving industry often means higher housing costs, which is true in this case. The average price of a middle-tier home in Corona is $679 000, which is higher than the previous two cities on the list.</p> <h2 class="mb-4">Eastvale</h2> <p class="mb-4">Eastvale is the last city on our list of the best cities in Riverside County that is also one of the 50 safest places in CA. And, unfortunately, that safety comes with a price. Eastvale is not one of America’s cheapest places, with an average home price of approximately $809 000. That means that if you were to <a href="https://sleeveuphomes.com/san-diego-county">sell a house in San Diego County</a>, you could just about buy a home in Eastvale.</p> <p class="mb-4">In essence, Eastvale is an affluent Riverside County town. It’s the youngest town on this list, as it was incorporated in 2010, and the smallest, with a population of approximately 64 000. Until the 1990s, Eastvale was mostly dairy farms, when people started moving here looking for affordable housing. And yet, it’s already become of the best cities in Riverside County.</p> <h2 class="mb-4">Riverside</h2> <p><img alt="riverside county sleeveup" class="img-fluid" src="https://sleeveuphomes.com/img/riverside-county-sleeveup.jpg" /></p> <p class="mb-4">We’ll finish off our list with <a href="https://sleeveuphomes.com/city-of-riverside">Riverside</a>, the county seat. The heart of Riverside County, the city of Riverside is home to approximately 314 000 people. Due to its size and importance, it offers more diversity than the other cities on this list. And with middle-tier homes being averagely priced at $571 000, it has the most affordable housing out of the cities on this list.</p> <p class="mb-4">People who live here have access to the best education Riverside County can provide. Namely, there are 11 colleges and universities located in Riverside, including <a href="http://ucr.edu" rel="nofollow">UC, Riverside</a>. Riverside is known for its preserved open spaces, found in the hills surrounding it. In short, Riverside may not be the best city in the county, but it offers a bit of everything.</p> <h2 class="mb-4">How Does One Move to Riverside?</h2> <p class="mb-4">If one of the best cities in Riverside County has caught your eye, you should start planning how to finance your move. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can be your first stop. We buy houses all across Southern California for the best price possible. If you sell your house to us, you will easily have the money to buy a new home in Riverside County.</p> <p class="mb-4">And we won’t just buy your home for top dollar, but buy it as-is and personally take care of any repairs necessary. But don’t take us at our word – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> to see what we can offer you.</p>
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            • short_descriptionInterested to learn more about the best cities in Riverside County? Here’s a list of the 5 best cities and the reasons why they are on this list.
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            • titleThings To Do in San Bernardino County
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/fun-things-to-do-in-san-bernandino-county" }, "headline": "10 Fun Things To Do in San Bernardino County", "description": " Looking for fun things to do in San Bernardino County? San Bernardino has a lot to offer, but we’ve selected 10 things you should not miss out on.", "image": "https://sleeveuphomes.com/files/blog/33ed6659-4614…4-b521-a2fd888ec151_southern-california-beach.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-11-15", "dateModified": "2021-11-15" } </script> <p class="mb-4">There’s a wealth of sights, events, and just generally fun and interesting things to do in San Bernardino County. This is to be expected, as the County of San Bernardino is the largest county in the country and the 14th most populous one. And it falls within the Inland Empire in California. Does a county need a better pedigree to be considered worth a visit?</p> <p class="mb-4">If it does, then we’ll say that you can find beaches, deserts, forests, and mountains within San Bernardino County. The only things you can’t find here are the oceanfront and some of California’s <a href="https://sleeveuphomes.com/a-guide-to-california-wine-regions">more famous wine regions</a>. Yet, even that lack is barely noticeable with all the other fascinating things to do in San Bernardino County.</p> <p class="mb-4">But, there’s no reason to continue talking in generalities. We’ve made a checklist of 10 things to do in San Bernardino County that should top your to-do list if you visit. And yes, there are many other things worth checking out, but we had to narrow down the list. Otherwise, it would barely fit in a book. In any case, let’s explore the County of San Bernardino.</p> <h2 class="mb-4">1. The First MacDonald’s</h2> <p class="mb-4">What to do in San Bernardino County? Well, let’s start off with a bit of Americana. And what’s more American than fast food? The first, original MacDonald’s can be found in the County of San Bernardino, on Route 66. The fast-food restaurant isn’t in operation anymore but has been turned into a museum and a State Historic Site.</p> <p class="mb-4">It has the largest collection of pre-Ray Krock memorabilia and visitors can come in for free. You can find everything from MacDonald’s-related news articles to Happy Meal toys from all over the world. For that matter, the collection keeps growing, as you can bring your own Happy Meal toy and add it to the collection.</p> <h2 class="mb-4">2. The National Orange Show Festival</h2> <p><img alt="Orange Show Festival" class="img-fluid" src="https://sleeveuphomes.com/img/orange-show-festival.jpg" /></p> <p class="mb-4">May is one of the <a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house">best months to put your house on the market</a>, but it’s also the time to visit the National Orange Festival in <a href="https://sleeveuphomes.com/san-bernardino-location">San Bernardino</a>. Founded in 1911 to promote the citrus industry (a big factor in San Bernardino’s economy), the festival has since outgrown its initial purpose.</p> <p class="mb-4">Nowadays, although still honoring the eponymous fruit, the festival is more of a carnival than anything. Rides, booths, games, and everything else you would expect from a carnival can be found here. However, the onset of the pandemic has caused the festival to shut down live events, but it has since gone virtual.</p> <h2 class="mb-4">3. San Bernardino History and Railroad Museum</h2> <p class="mb-4">The museum is located in a Santa Fe depot dating back to 1918. The San Bernardino History and Railroad Museum is a must-see for history buffs and train enthusiasts. It provides a deep dive into the transportation and railroad industry in the United States.</p> <p class="mb-4">Visitors can view a recreated 1910 railroad station, horse-drawn buggies from the 19th century, a fire department wagon from 1890, a fully restored handcar, and much more. In short, this museum tells the fascinating story of the development of the modern County of San Bernardino and the Inland Empire.</p> <h2 class="mb-4">4. California Theatre of Performing Arts</h2> <p class="mb-4">Located in downtown San Bernardino, the California Theatre of Performing Arts was opened in 1928. The San Bernardino Symphony has also called it home since 1929. Musicals, Broadway plays, concerts, dance recitals, and theatrical plays take place here. And the theatre is not just a haven for the arts, but a historical sight in its own right.</p> <p class="mb-4">It still houses the majestic ‘Mighty Wurlitzer’ pipe organ, which you can hear on special occasions. The California Theatre was also the place where early Hollywood movies were test-screened. If you visit here, you are sitting in the same place where world-famous classics like the Wizard of Oz and King Kong were first screened.</p> <h2 class="mb-4">5. San Manuel Stadium</h2> <p class="mb-4">The County of San Bernardino isn’t home to a nationally-acclaimed sports team. But what’s the next best thing to do in San Bernardino if you are a sports fan? Visit the San Manuel Stadium, home to the Inland Empire 66ers Minor League team. It may be one of the less well-known San Bernardino attractions, but it’s worth checking out.</p> <p class="mb-4">The season lasts from April to September and the stadium can house 5 000 people. Besides the standard fare like hotdogs, popcorn, and beverages, there is a designated area for children with child-friendly attractions. Yet, one of the most impressive sights you can witness here are the firework displays, some of the largest in <a href="https://sleeveuphomes.com/san-bernardino">San Bernardino County</a>, which are held on special occasions.</p> <h3 class="mb-4">The San Bernardino National Forest</h3> <p><img alt="San Bernandino National Forest" class="img-fluid" src="https://sleeveuphomes.com/img/san-fernandino-national-forest.jpg" /></p> <p class="mb-4">Up until now, we’ve focused on venues and attractions, but what truly makes the County of San Bernardino stand out is the nature. There are many things to do in San Bernardino if you prefer the outdoors and they are mostly located in the San Bernardino National Forest.</p> <p class="mb-4">It spans approximately 680 000 acres and covers parts of the San Bernardino Mountains, Santa Rosa Mountains, San Jacinto Mountains, and San Gabriel Mountains. There is a plethora of vistas, hiking trails, camping and picnic grounds, trails for horseback riding, and fishing spots to be found here. We’ll cover the most prominent, but we encourage you to explore further.</p> <h2 class="mb-4">6. Rim of the World Scenic Byway</h2> <p class="mb-4">You should start by taking a drive along the <a href="https://www.fs.usda.gov/recarea/sbnf/recarea/?recid=74122" rel="nofollow">Rim of the World Scenic Byway</a>. This 110-mile long road will take you along the rim of the San Bernardino Mountains, from Cajon Pass to San Gorgonio Pass. For one thing, the view is truly one of a kind from this vantage point.</p> <p class="mb-4">For another, while you are driving along this road, you can choose which place you’d like to visit first. It connects all the main attractions and you will be able to see everything from Big Bear Lake to small San Bernardino County towns nestled in the hills. Just make sure to bring chains if you are coming during winter.</p> <h2 class="mb-4">7. Big Bear Lake</h2> <p class="mb-4">It will take you about an hour by car to reach Big Bear Lake once you enter the San Bernardino National Forest. Hiking, mountain biking, and fishing are some of the more popular summertime activities. But Big Bear Lake is a year-round retreat. So, if you are into snowboarding and skiing or winter hiking, you should not miss out on visiting Big Bear Lake.</p> <p class="mb-4">You can find accommodations in small, locally-owned cottages or patron larger hotels, most of which are nestled on the southern side of the Lake. Big Bear Lake is often called the jewel of the San Bernardino Mountains, so you might want to make it your first stop.</p> <h3 class="mb-4">Big Bear Discovery Center in San Bernardino County</h3> <p class="mb-4">If you do plan to visit Big Bear Lake, make sure to also visit the Big Bear Discovery Center. It is run by the Mountaintop Rangers of San Bernardino County and you can find any information you need about the National Forest here, including maps about camping places and mountain trails. You will also find the local natural history museum.</p> <h2 class="mb-4">8. Deep Creek Hot Springs</h2> <p><img alt="Hot Greek California" class="img-fluid" src="https://sleeveuphomes.com/img/hot-greek-california.jpg" /></p> <p class="mb-4">The Deep Creek Hot Spring are naturally-occurring hot springs located in the Mohave Desert section of the National Forest. You can bathe in both hot and cold water. The hot springs can be reached by three hiking trails, the first two being approximately 2 miles long and the third one 6.</p> <p class="mb-4">The hot springs are closed to the public from sundown to sunrise and the closest town is Hesperia, so you might want to plan an overnight stay there if you plan to visit here. But, we should note that you might want to skip the Deep Creek Hot Springs if you are not comfortable with public nudity, as clothing is optional here.</p> <h2 class="mb-4">9. Silverwood Lake</h2> <p class="mb-4">Silverwood Lake is another recreational area within the San Bernardino National Forest, located on the West Fork Mojave River. It was created during the construction of the Cedar Springs Dam in 1971.</p> <p class="mb-4">If you are starting from the city of San Bernardino, it will take you about an hour by car to reach it. Boating, fishing, water-skiing, and swimming are some of the more popular activities here during the warmer months. You will also find hiking trails and picnic areas near it.</p> <h2 class="mb-4">10. Glen Helen Regional Park</h2> <p class="mb-4">We’ll finish our list off our list with the Glen Helen Regional Park (which is not within the San Bernardino National Forest). The park has two lakes and a swimming complex, so it’s your choice whether you want to go for a bit of fishing or down some waterslides. But probably the most impressive sight here is the Glen Helen Amphitheatre.</p> <p class="mb-4">It is the largest outdoor amphitheater in the US and can fit 65 000 people. It hosts many concerts and festivals, and the season starts in March and ends in November. Swimming or concerts aren’t your thing? Then you can go to the San Helen Raceway for some professional and amateur racing.</p> <h2 class="mb-4">Looking For More Things To Do in San Bernardino?</h2> <p class="mb-4">If you want to fully explore it and find more things to do in San Bernardino County, only visiting won’t be enough. You’ll need to move here to truly enjoy everything this county has to offer. And <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help you.</p> <p class="mb-4">We buy houses all across Southern California and can buy your house for top dollar. If you are looking to sell your old house and relocate to San Bernardino County, contact us to <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a>. We are direct buyers, so you won’t be paying any commissions and we’ll take care of the closing costs.</p>
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            • short_description Looking for fun things to do in San Bernardino County? San Bernardino has a lot to offer, but we’ve selected 10 things you should not miss out on.
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            • titleThe Benefits of Living in Ventura County
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/reasons-ventura-county-Is-a-good-place-to-live-in" }, "headline": "5 Reasons Ventura County Is a Good Place to Live In", "description": "Looking to know more about Ventura County? Read on the learn the benefits of living here and explore the more popular locations of Ventura County.", "image": "https://sleeveuphomes.com/files/blog/a713c5eb-d2c9…9d-8e69-2489f623cd1e_family-in-ventura-county.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-11-24", "dateModified": "2021-11-24" } </script> <p class="mb-4">Ventura County often gets overlooked, we’d argue undeservedly, in favor of its more popular neighbors. When you’re located between LA and Santa Barbara, it’s kind of hard to compete. And just so we’re clear, no, Ventura County is not and probably never will be as popular as these places.</p> <p class="mb-4">But popularity is one thing and living in a place is another. And Ventura County provides a lot to its residents. In this article, we’ll discuss the 5 primary reasons why Ventura County is a good place to live in and expand on some of the more popular places if you’re only planning on visiting (at least this time).</p> <h2 class="mb-4">1. You Don’t Need to Break the Bank to Move Here</h2> <p class="mb-4">First and foremost, you need to be able to afford to move here. All the benefits of living in <a href="https://sleeveuphomes.com/ventura-county">Ventura County</a> come to naught if it isn’t financially manageable to buy a home. While the Ventura County real estate market is hot, like in most of California, it is possible to buy a home here without breaking the bank.</p> <p class="mb-4">The typical home value is approximately $793 000. For comparison, if you were to <a href="https://sleeveuphomes.com/orange-county">sell your home in Orange County</a> to buy a comparable one in Ventura, you’d be left with about $150 000 in your pocket. Compared to neighboring Santa Barbara County, average homes are about $60 000 cheaper in Ventura. So, while not truly cheap, the expenses are manageable.</p> <h2 class="mb-4">2. The Cities and Town Aren’t Just Tourist Destinations</h2> <p class="mb-4">The majority of places in Ventura County aren’t resort towns. While you will find popular tourist destinations interspersed here and there, as you will anywhere along the Californian coast, Ventura County is a place where people truly build communities to live in.</p> <p class="mb-4">So, yes, there will be fewer visitors to Ventura County compared to the neighboring counties. That also means that there are fewer tourist attractions that locals can also enjoy. But unless you work in the tourism industry, this is a plus. The energy of the residents and the local government goes into making Ventura County a good place to live in, not just visit.</p> <h2 class="mb-4">3. Access to Education and Safety</h2> <p><img alt="Kids at School " class="img-fluid" src="https://sleeveuphomes.com/img/access-to-education-and-safety.jpg" /></p> <p class="mb-4">Stemming from the previous point, Ventura County provides good access to education and is generally safe. The county is served by the <a href="https://www.venturausd.org/Home.aspx" rel="nofollow">Ventura Unified School District</a> and the locals swear it has some of the best high schools in the state. What makes VUSD stand out is that it operates under the School of Choice system – parents get to choose where to enroll their children.</p> <p class="mb-4">Besides primary and secondary schools, residents can study at 3 community colleges. Additionally, two 4-year universities are found in the neighboring county - UC Santa Barbara and California State University Channel Islands.</p> <p class="mb-4">As far as crime safety goes, Ventura County is one of the safest places to live in California and has some top-ranking cities. Namely, Moorpark and <a href="https://sleeveuphomes.com/simi-valley">Simi Valley</a> are on the list of the <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">15 safest cities in California for 2021</a>, ranking at numbers 2 and 12, respectively.</p> <h2 class="mb-4">4. The Arts Scene</h2> <p class="mb-4">Ventura County, and the <a href="https://sleeveuphomes.com/ventura-location">city of Ventura</a> particularly, has long been a gathering spot for artists. Nowadays, many artists and performs call the city home. The <a href="http://wavartistsventura.com/about.html" rel="nofollow">Working Artists Ventura</a>, a living and working space for musicians, performers, dancers, photographers, painters, and other creatives, opened in 2009 to semi-formalize the vibrant arts scene.</p> <p class="mb-4">There are multiple art galleries, museums, theatres, performance centers, and comedy clubs for the locals to enjoy. And as often happens when so many artists live in one place, there is a special vibe when going out. Local breweries, wineries, and spirit distilleries are extremely popular, so you can go to a local beer, wine, gin, tequila, etc. tasting each day.</p> <h2 class="mb-4">5. The Multitude of Activities to Keep Anyone Going</h2> <p class="mb-4">While we’ve primarily focused on the benefits of living in Ventura County, that doesn’t mean there aren’t a plethora of attractions for visitors here. These attractions can, naturally, also be enjoyed by the locals. Take the Ventura Farmer’s Market for example - it’s held weekly and attracts outside visitors, but locals also patron it for fresh produce.</p> <p class="mb-4">There are truly so many things to do in Ventura County that we can’t list them here, so we’ve picked 3 that we believe stand out. But ultimately, it’s about personal preference. If you don’t find your favorite attraction or location on here, that doesn’t mean it’s less worthy. Just that it didn’t make it on the list <em>this time</em>.</p> <h3 class="mb-4">The Ventura County Fair Is a Must-See</h3> <p class="mb-4">Live music is a huge deal in Ventura County. And that love for live music is personified in the Ventura County Fair. Unlike many county fairs that focus on local acts and representing the best of their county, the Ventura County Fair is a true music event. And the first fair was held way back in 1874, so it definitely has a legacy.</p> <p class="mb-4">Over the years, big names such as Salt-N-Pepa, Jimmy Hendrix, Martina McBride, and the Beach Boys have performed here, among others. It is held annually in August and besides the music performances, you will also find the standard carnival rides and even an agricultural show.</p> <h3 class="mb-4">What About the Best Beaches in Ventura County?</h3> <p><img alt="Beaches in Ventura County" class="img-fluid" src="https://sleeveuphomes.com/img/beaches-in-ventura-county.jpg" /></p> <p class="mb-4">Ventura County may not have the most <a href="https://sleeveuphomes.com/mediterranean-summersbest-beach-towns-to-live-in-california">popular beach towns in California</a>, but there’s a plethora of things to do for ocean lovers. The most popular beaches are probably <a href="https://sleeveuphomes.com/oxnard">Oxnard</a> State Beach and Mandalay State Beach, but there are miles more of well-maintained beaches all along the oceanfront.</p> <p class="mb-4">Once again, the lesser popularity of Ventura County works for the benefit of the locals. If you are used to LA beaches, you’ll be pleasantly surprised. There is no overcrowding and you will have no issue finding space for yourself.</p> <p class="mb-4">And if privacy is what you’re after, you can always drive a few miles down the 101 and find a secluded spot just for yourself. Additionally, like in most of Cali, surfing is big. Mondo’s Beach is a good place for beginner surfers, while Surfer’s Point is where the main action is. In essence, Ventura County doesn’t fall behind any other county when it comes to beach activities.</p> <h2 class="mb-4">The Channel Islands</h2> <p class="mb-4">A bit off the beach, you’ll notice a group of islands that form a small archipelago. These are the Channel Islands and 2 out of the 8 belong to Ventura County. Five of these islands constitute the Channel Islands National Park and the visitors center is located right in the City of Ventura.</p> <p class="mb-4">Over 70 000 people visit the Islands annually to bask in the beauty, while only 1 of the islands has a permanent settlement. The archipelago is home to many endemic species of plants and animals, like the Channel Islands spotted skunk and Santa Cruz sheep. But what makes this archipelago stand out is its historical significance.</p> <p class="mb-4">The first evidence of seafaring in the Americas was found here, alongside the Arlington Springs Man and Tuqan Man - human remains dated around 11 000 and 8 000 years BCE, respectively. The Arlington Springs Man remains are also in the running for the oldest human remain found in North America.</p> <h3 class="mb-4">Hiking in the Hills</h3> <p><img alt="Couple Hikers Walking Hiking" class="img-fluid" src="https://sleeveuphomes.com/img/hiking-in-ventura-conty.jpg" /></p> <p class="mb-4">We’ll try to end on a high note – and that’s the varied landscape. The geography of Ventura County is what makes it unique. The oceanfront was mentioned previously, but Ventura County also encompasses a part of the Santa Monica Mountains and the <a href="https://www.fs.usda.gov/lpnf" rel="nofollow">Los Padres National Forest</a>.</p> <p class="mb-4">Your best hikes in Ventura County will be easily comparable to any other hikes you’ve undertaken in the rest of California. And what’s even better is that most trails lead somewhere. You can walk for miles in the untouched wilderness and stumble upon flawless waterfalls, hot springs, and swimming holes.</p> <p class="mb-4">For those that don’t favor wandering aimlessly, there are many designated hiking trails and camping grounds spread throughout the Los Padres National Forest. In short, Ventura County is a haven for explorers and lovers of the outdoors.</p> <h2 class="mb-4">The Benefits of Living in Ventura County Got You Thinking of Moving Here?</h2> <p class="mb-4">If that’s the case, you’ll likely need to find a way to finance the move. And that’s where <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help. We buy houses in Southern California for the best price possible. We are not wholesalers or flippers, so we don’t only look for how your house could make a quick profit, but try to find its true potential.</p> <p class="mb-4">We buy houses as-is and do all the necessary repairs ourselves, which is why we can offer top dollar. And because we are direct buyers, you won’t be paying the realtor commission, which leaves more money in your pocket. But don’t take us at our word – contact us to get a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and see how we can help make your dreams into reality.</p>
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            • short_descriptionLooking to know more about Ventura County? Read on the learn the benefits of living here and explore the more popular locations of Ventura County.
            • keywordsthings to do in San Bernardino County
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            • title 20 Christmas Decorations for Your Home
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/christmas-decorations-to-liven-up-your-home" }, "headline": "Christmas Decorating: 20 Christmas Decorations to Liven Up Your Home", "description": " Is it getting time to decorate? Here are 20 Christmas decorations you can use to brighten up your home and make it as festive as it gets.", "image": "https://sleeveuphomes.com/files/blog/e1541b9f-d75c-4da5-8655-0c8e187eaba5_christmas-decorating.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-12-15", "dateModified": "2021-12-15" } </script> <p class="mb-4">Deck the halls with boughs of holly! And some old sweaters and a funny Christmas-themed doormat? Not to your liking? We have some less out-there ideas. Here are 20 fun Christmas decorations that will brighten up your home and declare your love for Christmas to all visitors and passers-by.</p> <p class="mb-4">And to mix it up a bit, we’ve divided the article into store-bought and DIY Christmas decorations, so you can have your pick and experiment a little, if you feel so inclined. In any case, let’s get to the Christmas decoration ideas.</p> <h2 class="mb-4">Buying Christmas Decorations</h2> <p class="mb-4">We’ll start out with Christmas decorations you can buy if you’re short on time and don’t have time to play around making them yourself. And remember that you can always go beyond and combine the ideas into something new. Don’t be afraid to take a few risks!</p> <h3 class="mb-4">1. Christmas Doormat</h3> <p class="mb-4">A Christmas-themed doormat is an excellent way to show your visitors how much you adore Christmas. Or do you want to be a bit sarcastic and send a special message to someone? You can get standard Christmas-themed doormats almost anywhere, but you can also get one custom-inscribed just as easily.</p> <p class="mb-4">A ‘We Won’t Burn the Turkey’ one if you are having a friendly holiday-hosting competition with your sister and she had a bit of a mishap while hosting Thanksgiving, maybe?</p> <h3 class="mb-4">2. Multi-Colored Outdoor Lights</h3> <p class="mb-4">Multi-colored light on a fir is an obvious choice and sure to spruce up the neighborhood. But do you really need a tree to put up lights in your yard? Absolutely not. Get some rainbow lights, attach them several feet off the ground in your yard, and arrange them in a way you find pleasing.</p> <h3 class="mb-4">3. Tree Skirts</h3> <p class="mb-4">A knitted tree skirt is a somewhat subtle Christmas decoration and can help even out the colors. The rest of your decorations are brash a colorful? Get a more subdued tree skirt. Or go all in and go for a lively one. Oh, and there’s another plus to a tree skirt – it’s much easier to clean the needles if you put it on an indoor tree.</p> <h3 class="mb-4">4. Door Hangers</h3> <p class="mb-4">Door hangers are one of the most quintessential Christmas decorations. And there are so many types you’re sure to find something you like. Go for a snowflake or wreath if you’re the traditional type. But you can also get a bit creative - we have a DIY door hanger idea that is very popular this year, but you’ll need to wait a bit until we get to it.</p> <h3 class="mb-4">5. Window Decals</h3> <p class="mb-4">Like door hangers, window decals can scream Christmas. Decals come in all shapes and sizes. Snowflakes, snowman, reindeers, and Santa Clause window decals are probably the most common Christmas decorations. But that doesn’t mean you have to get standard ones. Going on a shopping trip to find some unusual decals can be a fun experience for the entire family.</p> <h3 class="mb-4">6. Flameless Candles</h3> <p class="mb-4">Flameless candles are always a welcome addition. They’re cheap, easily available, and the soft light they give off somehow always makes the home more welcoming. Just don’t overdo it and put a set on each fireplace mantel and window sill.</p> <h3 class="mb-4">7. Lanterns with LED Lights</h3> <p><img alt="Decorative Christmas Lights" class="img-fluid" src="https://sleeveuphomes.com/img/christmas-lights.jpg" /></p> <p class="mb-4">Lanterns with LED lights can be <em>the best</em> Christmas decoration. First off, they’re quite nice looking in and of themselves. But more importantly, they can frame anything you want to highlight. Imagine a room only lighted by these lanterns as they surround your Christmas tree. Or how about making a pathway to your door framed by the lanterns?</p> <h3 class="mb-4">8. A Lightbox for the Tree</h3> <p class="mb-4">A lightbox that counts down the days to Christmas can be an excellent accessory if you have small kids. Remember how excited you were as a kid while waiting for Christmas to arrive? The lightbox can be a constant reminder and get your kids’ excitement up to eleven by Christmas Day. And let’s be honest, it works on adults too.</p> <h3 class="mb-4">9. Christmas-Themed Plates and Cutlery</h3> <p class="mb-4">So, we talked about that friendly holiday-hosting completion you have with your sister. Well, Christmas-themed plates and cutlery can net you another point. Get as many sets as you need and impress your guests with such a simple move.</p> <h3 class="mb-4">10. Hanging Hedgehogs</h3> <p class="mb-4">Look, hedgehogs are cute. What do hedgehogs have to do with Christmas? Well… we don’t know, honestly. But we do know that Christmas-themed hedgehog ornamentations are even cuter and very popular, so it’s not just us. Get a few and maybe you’ll feel the same way.</p> <h2 class="mb-4">DIY Christmas Decorations</h2> <p><img alt="Christmas Decorating " class="img-fluid" src="https://sleeveuphomes.com/img/diy-christmas-decorations.jpg" /></p> <p class="mb-4">Now that we’ve gone through 10 Christmas decorations you can buy, let’s get to some DIY ones. Just make sure you get started right away so that they’re done by Christmas.</p> <h2 class="mb-4">1. Christmas Card Display</h2> <p class="mb-4">You’re bound to get some cards this Christmas. So why not collect them and put them on display? The cards will already be Christmas-themed so they’ll go nicely with the rest of the decor and you’ll be showing the senders you appreciate them. You can even take it a step further and arrange them in the form of a tree, a stocking, or whatever else appeals to you.</p> <h3 class="mb-4">2. Pompom Christmas Trees</h3> <p class="mb-4">Do you have some old pompoms lying around in a closet or drawer? Why not make a Christmas tree out of them? All you need is the pompoms and some wire to hold them up. And don’t be afraid if the colors don’t match. Pompoms are supposed to be colorful, energetic, and in your face, so your pompom tree should do the same. This simple DIY Christmas decoration guarantees a playful living room.</p> <h3 class="mb-4">3. Stitched Stockings</h3> <p class="mb-4">Stitched stockings are an essential Christmas accessory, but why not give it a shot and try to make your own ones this year? Yes, creating them takes some skills and you probably won’t get it on the first go. But a few failed experiments can make nice memories and give your home a cozier feel. Who knows, you might even become an expert by the end of it.</p> <h3 class="mb-4">4. Ice Skates Door Hanger</h3> <p class="mb-4">We talked about door hangers and here’s a DIY one that’s quite popular this year. Just take a pair of old (or new, it shouldn’t really matter) sleek ice skates, fill them with greenery, and attach them to a wreath – you now have a gorgeous door hanger. A few bells that go with the color of your skates also can’t hurt.</p> <h3 class="mb-4">5. Old Sweater Decorations</h3> <p class="mb-4">Christmas sweaters tend to be… gaudy. But you can use that to your advantage. There are surely some old Christmas sweaters laying around that you haven’t worn for years. Cut them up and use them to decorate your tree and house. They might not be the most fashionable of clothing, but that makes them perfect as a DIY decoration.</p> <h3 class="mb-4">6. Customize Your Candle Jars</h3> <p class="mb-4">Candle jars are generally made to be pleasing and appealing. And you can take it up a notch for Christmas. Simply cut up some lemons or oranges and let the slices dry. Stuff them besides the candles in transparent candle jars and you have a small detail that nicely balances out the red and green. The additional fragrance is a plus.</p> <h3 class="mb-4">7. Citrus-Slice Pine Branches</h3> <p class="mb-4">The idea here is the same as the one behind putting citrus slices in candle jars – the colors provide a nice contrast. Get some pine branches and arrange them in a vase, then hang orange and lemon slices. If you can’t get the branches to stick together, use a paper clip. It’s a subtle detail, but we guarantee you’ll love it.</p> <h3 class="mb-4">8. Paper Tablecloth</h3> <p class="mb-4">You know what would go well with Christmas-themed plates and cutlery? Not a Christmas-themed tablecloth - that would be overdoing it. But getting a black paper tablecloth and letting your kids paint on it? That’s perfect. Or you can do it yourself, if chaotic is not the look you are going for. Either way, it’ll be personalized and a nice touch to even out the décor.</p> <h3 class="mb-4">9. Decking Out the Porch</h3> <p class="mb-4">Let’s not forget about the porch. You’ll likely have a lot of outdoor decorations and you can add to them by going for an old-timey look. Just stack some firewood, gather some pine branches, and place it all by the doorway. The pine scent combined with the visual display of firewood is bound to get everyone entering in a festive mood.</p> <p class="mb-4"><img alt="Family Decorating Christmas Tree" class="img-fluid" src="https://sleeveuphomes.com/img/family-decorating.jpg" /></p> <h3 class="mb-4">10. Plant Some… Trees?</h3> <p class="mb-4">One way to grow evergreens is to plant and cultivate cuttings. Now is not the time of year to plant most evergreens, but they can make for good Christmas decorations instead. Get some spruce cuttings, plant them in small flowerpots, and place them above the mantle. They won’t wither quickly and you’ll get a simple Christmas decoration that spruces up your home. And it smells nice.</p> <p class="mb-4">Got Any Decoration Ideas You’d Like to Share?</p> <p class="mb-4">We’d love to see it. If you apply any of these Christmas decoration ideas or come up with your own, take a picture and share it with us on <a href="https://www.facebook.com/sleeveuphomes/">Facebook</a> or <a href="https://www.instagram.com/sleeveup_homes/">Instagram</a> and let’s get the Christmas season off to a good start!</p>
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            • short_description Is it getting time to decorate? Here are 20 Christmas decorations you can use to brighten up your home and make it as festive as it gets.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/great-places-to-visit-in-los-angeles" }, "headline": "10 Great Places to Visit in Los Angeles", "description": " If you’re getting ready for a visit or a move, we got tips on the best places to visit in Los Angeles. Get your dose of glamour and culture that only LA offers.", "image": "https://sleeveuphomes.com/files/blog/90f88758-2826-4570-a991-e29fdc783dc6_los-angeles.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-12-20", "dateModified": "2021-12-20" } </script> <p class="mb-4">Los Angeles will morph into whatever you want it to be.</p> <p class="mb-4">We’re not just referring to the infinite things to do in Los Angeles. We’re talking about those vibes that have made it a pilgrimage point to countless people seeking a restart for decades now. It’s a modern fairytale where summer never ends and where you choose your character - the laid-back wanderer or the tuned-in extrovert.</p> <p class="mb-4">Due to LA county’s massive sprawl (<a href="https://planning.lacounty.gov/view/los_angeles_county" rel="nofollow">4,083 square miles</a>!) and traffic jams, it may seem harder to pinpoint the best parts of LA. But we got you covered with a little bit of everything. Below, we cover memorable places to visit in Los Angeles - the grand and the small, and the glitz and the culture.</p> <h2 class="mb-4">Venice Beach</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/venice-beach-ca.jpg" /></p> <p class="mb-4">Venice Beach is synonymous with free spirits who know how to enjoy the moment. Even with its many tourists, it still maintains an eccentric spirit and is a great pick if you are searching for cheap places to visit in Los Angeles. Take a walk down Venice Beach Boardwalk to see unique art installations and funky shops selling skateboards and surfboards, then grab a hotdog and indulge in some people-watching.</p> <p class="mb-4">Besides being the birthplace of skateboarding, Venice Beach is full of talented street performers - from oiled-up bodybuilders to jugglers and singers. If you want something that feels less rehearsed, drop by on Saturday and Sunday around sunset. That’s when the <a href="https://www.venicepaparazzi.com/venice-events/venice-beach-drum-circle/" rel="nofollow">Venice Beach Drum Circle</a> takes place. This free community event brings together percussionists and encourages others to join in, too.</p> <h2 class="mb-4">Santa Monica Pier</h2> <p><img alt="Santa Monica Pier" class="img-fluid" src="https://sleeveuphomes.com/img/santa-monica-pier.jpg" /></p> <p class="mb-4">LA County is home to countless picture-ready beaches, and another famed one is <a href="https://www.santamonicapier.org/" rel="nofollow">Santa Monica Pier</a>. Compact and neat when compared to LA’s massive sprawl, it’s part of the beachfront city of Santa Monica that looks like it was taken straight from those 50’s and 60’s postcards. You probably recognize its iconic Ferris wheel and golden stretch of sand, but no picture can get you ready for its vibe.</p> <p class="mb-4">While the Pier is the focal point of Santa Monica State Beach, the whole area has the feeling of a perpetual summer festival to it, mixing high energy and relaxation. Visit other fairground games surrounding the Ferris wheel, or attend a film event that brings in a less touristy crowd to the Pier.</p> <h2 class="mb-4">Grand Central Market</h2> <p><img alt="grand central market" class="img-fluid" src="https://sleeveuphomes.com/img/grand-central-market.jpg" /></p> <p class="mb-4">If you are searching for top things to do in Downtown LA, Grand Central Market is where the city’s diversity is in full bloom. Los Angeles’ oldest public market first opened its doors in 1917, and today it presents a mix of iconic traditional cuisine eateries, rising culinary stars, dried spicy goods, and trusted fresh fruit and veggie vendors.</p> <p class="mb-4">Besides satisfying your palate, expect to fill your gallery with countless Instagram-worthy images of vintage neon signs, rows of food, and trendy vendors. Some of our favorites? Check out some Texas-style BBQ at <a href="http://www.horsethiefbbq.com/" rel="nofollow">Horse Thief</a>, the market’s long-standing <a href="https://www.grandcentralmarket.com/vendors/china-cafe-2/" rel="nofollow">China Cafe</a>, the small-snack experts at <a href="https://moonrabbit.com/" rel="nofollow">Moon Rabbit</a>, and the beloved <a href="https://www.grandcentralmarket.com/vendors/tacos-tumbras-a-tomas/" rel="nofollow">Tacos Tumbras a Tomas</a>.</p> <h2 class="mb-4">Largo at the Coronet</h2> <p class="mb-4">Known as Largo Theater or just <a href="https://largo-la.com/" rel="nofollow">Largo</a>, this small venue is a US comedy staple. Names of stand-up legends pop up regularly next to up-and-coming comics on Largo’s event calendar. But make sure you grab your tickets on time because they sell out fast! You can partially thank the ever-reasonable pricing at Largo for that.</p> <p class="mb-4">A place that is both casual and intimate, it’s where you go for a sense of closeness, a dose of sharp wit, and a bit of dumb fun. Throw in some quality cocktails and even popular musicians popping up, and you got a recipe for a memorable variety night!</p> <h2 class="mb-4">Griffith Observatory at Griffith Park</h2> <p class="mb-4">Star-spotting in LA is not just done on its streets! Perched on the top of Mount Hollywood, Griffith Observatory is the world’s <a href="https://griffithobservatory.org/" rel="nofollow">most visited observatory</a>. But it offers much more than a spectacular celestial view through its powerful telescopes. It’s an extraordinary 360° sight - spot the Hollywood Sign to the south, turn southeast to see Downtown <a href="https://sleeveuphomes.com/los-angeles-city">Los Angeles</a>, while the Pacific Ocean will meet you when you turn southwest.</p> <p class="mb-4">Admission to the observatory is free. Inside, you can attend the planetarium show and see the oldest and most-known Tesla Coil in existence. The surrounding <a href="https://www.laparks.org/griffithpark/" rel="nofollow">Griffith Park </a>is not to be missed, as well! One of the largest urban-wilderness municipal parks in the U.S. holds other attractions, too, such as the LA Zoo.</p> <h2 class="mb-4">The Broad Museum</h2> <p class="mb-4">The contemporary art museum caused quite a stir when it opened in 2015. And for a good reason. The Broad houses an impressive post-war collection of art that goes perfectly with its distinctive design. The admission is free, and you get to see installations such as “Longing for Eternity,” one of artist Yayoi Kusama’s <a href="https://www.thebroad.org/art/yayoi-kusama/longing-eternity" rel="nofollow">famous mirror rooms</a>. Get your camera phones ready to catch the dazzling and flashing LED lights that line the mirrored hexagonal chamber. The flashing repetition is almost hypnotizing, evoking a sense of boundlessness after a while.</p> <h2 class="mb-4">Hollywood Walk of Fame</h2> <p class="mb-4">Some of you were already planning to go see the Hollywood Walk of Fame. The other half of you were thinking of skipping it, hearing stories of tourist crowds and overratedness. But the grime comes with the polish - just like how Las Vegas made a name for itself for its combo of highbrow and lowbrow, LA is not afraid to gamble its reputation by playing into its role of a humongous entertainment industry machine.</p> <p class="mb-4">Thus, the Hollywood Walk of Fame is a crash course in our celebrity obsession. See the infatuation come to life with tourist crowds passing more than 2,600 names of the industry’s greats on the sidewalk while celebrity impressionists do their routines in front of gift shops. Then, take a stroll to the nearby <a href="https://dolbytheatre.com/" rel="nofollow">Dolby Theatre</a> where the Academy Awards are hosted to fortify the fact that you’re in the heart of the movie industry.</p> <h2 class="mb-4">Hollywood Forever Cemetery</h2> <p class="mb-4">There is no shortage of creative ways people celebrate movies here. Hollywood Forever Cemetery is not just a notable landmark and final resting place of many recognizable names. It evolved into a full-blown <a href="https://hollywoodforever.com/culture" rel="nofollow">cultural institution</a> and Los Angeles entertainment staple in the summer. Thousands of movie fans flock to its outdoor movie screenings in the summer. And don’t get surprised if you see some A-listers sitting on blankets and watching Hollywood classics with everyone else. With up to 4,000 attending a single screening, you’re in for a cinema-goer catharsis like no other.</p> <h2 class="mb-4">The Last Bookstore</h2> <p class="mb-4">Want to transport yourself instantly from the city’s sunny vibes to an enchanting corridor that looks like it’s straight out of Harry Potter? Then <a href="https://www.lastbookstorela.com/about" rel="nofollow">the Last Bookstore</a> should be on your list. It’s one of the world’s largest independent bookstores, as well as California’s largest used and new book and record store.</p> <p class="mb-4">It has an interior like no other, starting with the Book Arch Wall and continuing with other quirky corners and aisles. Architecture buffs love its location in an old bank building with marble columns. Thrift shop lovers spend hours on its “Labyrinth” level that’s dedicated mostly to $1 books. And, of course, bookworms can’t get enough of this inspiring place that both cherish the old and welcomes the new.</p> <h2 class="mb-4">Universal Studios Hollywood</h2> <p class="mb-4">If you are looking for fun things to do in LA, this famous amusement park brings together Hollywood glamour, magic, and adrenaline. Its Wizarding World of Harry Potter is full of <a href="https://www.universalstudioshollywood.com/web/en/us/oops-sorry" rel="nofollow">whimsical charms</a>. The Jurassic World, Transformers, and Revenge of the Mummy areas are much shorter but packed with even more action. If you’re visiting with the kids, they will love the Despicable Me and The Secret Life of Pets areas. Bonus tip: Buy your ticket online in advance to save both time and money.</p> <h2 class="mb-4">Want a Never-Ending Stream of Places to visit in Los Angeles?</h2> <p><img alt="los angeles california" class="img-fluid" src="https://sleeveuphomes.com/img/los-angeles-california.jpg" /></p> <p class="mb-4">You too can become one of LA’s relaxed locals and get to see even more attractions and sights in the city and county. So if you want to start making plans, begin with a search for the best buyer for your old home. That way, you can finance your move more easily. At <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>, we buy homes in Southern California for the best prices.</p> <p class="mb-4">We are direct buyers who don’t meddle with wholesaling and house flipping. With us, you can save up to $20,000 due to no realtor commission. So contact us to <a href="https://sleeveuphomes.com/request-offer?">seize a cash offer </a>and live out a perpetual summer in Los Angeles.</p> <div class="container author-featured"> <div class="row "> <div class="col-md-2"><img alt="cesar" src="/img/cesar.png" /></div> <div class="col-md-10 author-data"> <p class="author-headline">Author:</p> <a class="author-name" href="/cesar-gomez">Cesar Gomez</a> , <span> Broker / <a href="https://www.linkedin.com/in/cesar-gomez-49006a80"><img alt="" src="/img/linkedin-logo.png" /></a></span> <p class="author-bio"><em>Cesar has worked as a real estate agent and broker in the southern California region since 2013.</em></p> <a class="author-bio-a" href="/cesar-gomez"><img alt="" src="/img/author-page-link.png" />  view all blogs by this author</a></div> </div> </div>
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            • titleHistorical Homes in Riverside, CA
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/historical-districts-and-historical-homes-in-riverside-ca" }, "headline": "Historical Districts and Historical Homes in Riverside, CA", "description": "Architecture is a window into the past. Here are 3 historical districts and 3 historical homes in Riverside, CA that display how life was in the past.", "image": "https://sleeveuphomes.com/files/blog/020a8eef-830f-4f14-87fb-2cc7323ccd9e_historical-homes.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-12-20", "dateModified": "2021-12-20" } </script> <p class="mb-4">You might not expect Riverside, CA to be filled with sites and landmarks of historic significance. With the modern, artsy vibe of current-day Riverside, you could be forgiven if you thought history was left by the wayside. But that couldn’t be farther from the truth. There are many old districts and historical houses in Riverside, CA that are worth exploring.</p> <p class="mb-4">After all, the art-focused <a href="https://sleeveuphomes.com/city-of-riverside">Riverside</a> of today had to originate from somewhere. And architecture is an art form in itself. Taken from that perspective, it’s no surprise that many Riverside properties are of both artistic and historical significance. So much so that even many residents of Riverside County haven’t toured the many notable houses.</p> <p class="mb-4">The only issue is choosing which ones to visit if you are short on time. We have selected 3 districts and 3 historical homes in Riverside, CA that we believe you should visit, but that doesn’t mean you shouldn’t continue exploring on your own if the opportunity presents itself.</p> <h2 class="mb-4">Historical Districts</h2> <p class="mb-4">Riverside has 9 designated historic districts. Pursuant to the <a href="https://www.riversideca.gov/historic/city-program.asp" rel="nofollow">Cultural Resources Ordinance</a> of Riverside, a historic district is a geographically defined area containing cultural resources important to the city’s history. And that includes building and architecture. Here, we have selected 3 historic districts, but all 9 are worth visiting.</p> <h3 class="mb-4">1. Mount Rubidoux</h3> <p class="mb-4">The Mount Rubidoux district was once home to the wealthy of Riverside – the financiers and bankers, but also those that made their money in the citrus industry. The houses were designed in the Norman Revival, Spanish Colonial Revival, Craftsman, and Tudor Revival styles. The building in the district started in 1903 and finished around 1935.</p> <h3 class="mb-4">2. Seventh Street East Historic District</h3> <p class="mb-4">The Seventh Street East historic district has homes in the Victorian, Craftsman, Mission Revival, Classical Revival, and Spanish Revival styles. The original home of John North, the founder of Riverside, is located in this district. The Seventh Street East district still functions as one of the main hubs for the Riverside community.</p> <h3 class="mb-4">3. The Mission Inn Historic District</h3> <p class="mb-4">Mission Inn district is the old core of downtown Riverside. Here, you will mostly find governmental and commercial buildings. Many buildings are in the Art Deco and Colonial Revival styles, but the Mission Revival style dominates. The Fox Theatre, County Courthouse, and First Congregational Church are located in the Mission Inn district. And so is the Mission Inn itself.</p> <h4 class="mb-4" style="color:black">The Mission Inn</h4> <p class="mb-4">The Mission Inn is neither a historical home nor a district, but any text about historical sites in Riverside that doesn’t mention the Mission Inn is incomplete. Currently known as the Mission Inn Hotel & Spa, it is the largest building built in the Mission Revival style in the entire US (other architectural styles were also integrated).</p> <p class="mb-4">It is one of the 315 hotels on the list of <a href="https://historichotels.org/us/destinations/index.php" rel="nofollow">Historic Hotels of America</a> – the program of the National Trust for Historic Preservation that celebrates historical hotels that have maintained their authenticity and architectural integrity.</p> <p class="mb-4">The Mission Inn started out as The Glenwood Cottage in 1876, a simple boarding house. In the early 1900s, tourism in Riverside started to boom and so the small boarding house expanded and was renamed to the Glenwood Mission in 1902. The hotel continued being expanded and added to up until 1935.</p> <p class="mb-4">By the time it was finished, it incorporated a variety of styles, with the Mission Revival being dominant. The many additions have made an intricate and entrancing building of the Mission Inn. <strong>It contains castle towers, a five-story rotunda, minarets, catacombs, a medieval-style clock, and many, many more unique features</strong>.</p> <p class="mb-4">The Mission Inn is truly one-of-a-kind, so it came as a huge shock when it was set for demolition in 1992. Luckily, it was saved and restored and now occupies an entire city block. If you are interested in historical houses in Riverside, CA or just history in general, the Mission Inn should be your first stop.</p> <h2 class="mb-4">Historical Homes</h2> <p class="mb-4">Throw a rock in one of the nine historical districts of Riverside and you’ll hit a historical house. That’s why it wasn’t easy to choose only 3 historical houses in Riverside, CA to write about. However, our intent was only to give you a taste of what you could find in Riverside and let you explore the rest on your own. So here are the three homes we selected.</p> <h3 class="mb-4">1. The Ames-Westbrook Home (4811 Brockton Ave, circa 1888)</h3> <p class="mb-4">The Ames-Westbrook home was built around 1888 in the Queen Ann style. It can be found at 4811 Brockton Ave. The house was built by Samuel A. Ames, originally from Boston, who came to Riverside in 1878 to work in the booming citrus industry. However, this historical home in Riverside, CA is better known for its latter owners – Mr. and Mrs. Westbrook.</p> <p class="mb-4">The Westbrooks lived in the Ames-Westbrook house from 1919 to 1943. Mr. Westbrook was one of the founders of Franzen Brothers Hardware, a store selling hardware and china, which quickly became one of Riverside’s finest stores. The Ames-Westbrook house is a good representation of how the wealthy lived in the first half of the 20th century.</p> <p class="mb-4">After the Westbrooks sold the house in 1943, it was converted into a rest home and a duplex, but again became a single-family home in 1971. The original home had stained glass windows, tiled fireplaces in the main rooms, oak floors, and oak, mahogany, redwood, and pine trim. The modern house still retains many of the original features.</p> <h2 class="mb-4">2. The Peter J. Weber House (1510 University Ave, 1932 – 1938)</h2> <p class="mb-4">This house was designed by architect Peter J. Weber, the chief designer of the architectural firm G. Stanley Wilson, and was built from 1932 to 1938. Peter J. Weber was a prominent architect who also contributed to designing many other historical buildings in Riverside, including the famous Mission Inn’s International Rotunda.</p> <p class="mb-4">The Weber House is located at 1510 University Ave and is recognized as a city landmark. It is also listed in the <a href="https://www.nps.gov/subjects/nationalregister/index.htm" rel="nofollow">National Register of Historic Places</a>. The Weber House is representative of the Art Nouveau and Art Deco styles and has some international features; namely, it includes Moorish details, inspired by Weber’s travels abroad.</p> <p class="mb-4">Much of the woodwork was carved by hand and the details are visible to this day. But what makes the Weber House truly stand out is the materials it was built out of and the ahead-of-its-time systems that were implemented. Recycled and reclaimed materials were used and the house even had a solar water heater made out of car windshields and reclaimed bricks.</p> <h3 class="mb-4">3. Harbour House (3014 Pine Street, 1931)</h3> <p class="mb-4">This historic house was built in 1931 by architect Henry LA Jekel at 3014, Pine Street. The Harbour House was built in the Norman style and has a nautical theme. The wood ceiling was designed to resemble the underbelly of a ship and it even has a stained glass window shaped like a porthole.</p> <p class="mb-4">The history of this house is only matched by the history of its builder, Henry LA Jekel. This architect was renowned for designing steel-skeleton skyscrapers in NYC, Boston, and Philadelphia, before moving to Riverside and adopting the California style. Jekel destroyed most of his drawings prior to his death and only a few remain in the Museum of Riverside.</p> <h3 class="mb-4">Thinking of Moving to Riverside?</h3> <p class="mb-4">If you want to move to Riverside and experience the historical marvels every day, <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help. We will buy your old home as-is for the best price possible to help you finance a house in <a href="https://sleeveuphomes.com/where-to-live-the-best-cities-in-riverside-county">Riverside County</a>. Contact us to <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> and start turning your dreams into reality.</p>
            • images{"1":"25e0bc16-adc2-4d09-8b62-5a276949d111_historical-homes.jpg"}
            • short_descriptionArchitecture is a window into the past. Here are 3 historical districts and 3 historical homes in Riverside, CA that display how life was in the past.
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            • titleThe 5 Best Cities to Live in Orange County
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-the-best-cities-to-live-in-orange-county" }, "headline": "What are the Best Cities to Live in Orange County?", "description": "Are you wondering what makes Orange County so attractive to its residents? Find out what location might be best for you!", "image": "https://sleeveuphomes.com/files/blog/4fb409a1-78a9-4969-93cf-bc9f52723481_orange-county.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-01-05", "dateModified": "2022-01-05" } </script> <p class="mb-4">Thinking of making a move to Orange County? We can’t blame you - quaint towns, beachy scenery, and laid-back vibes combined with plenty of attractions? Sounds like a winner. But with so many options to choose from, it can be a bit hard to distinguish the best cities to live in Orange County.</p> <p class="mb-4">That’s why we rounded up our favorites, along with what makes each of them special and perfect for turning a new page in your life.</p> <h2 class="mb-4">What Makes Orange County So Attractive for Moving There?</h2> <p class="mb-4">Orange County keeps on attracting new residents, even though it’s Southern California’s smallest county. It is home to more than 3,000,000 people, which makes it the third-most populous county in the United States.</p> <p class="mb-4">This dynamic cluster of towns, cities, and harbors proved to be fertile ground for a lot of enticing factors people search for when thinking about moving to another place. From the ever-sunny weather that birthed a relaxed culture and rich art scene, to its established tech community, Orange County is the place to be. But Orange County has a high score in quality of living that is hard to find in other parts of the US. Here, you can expect to find:</p> <ul> <li class="mb-4">Great public schools</li> <li class="mb-4">Fantastic opportunities for raising a family</li> <li class="mb-4">A diverse community</li> <li class="mb-4">No shortage of open job positions</li> <li class="mb-4">Many Orange County cities with low crime rates</li> <li class="mb-4">A rich cultural, art, and nightlife scene</li> </ul> <p class="mb-4">And these characteristics are woven through a lot of its towns and cities.</p> <h2 class="mb-4">Laguna Beach</h2> <p class="mb-4">Since we already singled out “laid-back vibes” as one of the characteristics of many places in Orange County, it would be a sin not to begin our list with Laguna Beach. There is a reason why artists have been settling here since the early 1900 - the sandy beaches of this town immediately spark your imagination. We can maybe even claim that it has the best beach in Orange County in general. And its relaxed residents additionally inspire you to turn to yourself, your needs, and live in the moment.</p> <p class="mb-4">You are in no shortage of outdoor activities here. And we all know we’re in <a href="https://www.sciencedirect.com/science/article/pii/S0013935121016686?casa_token=EZ-XY76jqRwAAAAA:ZtuQLp6m5UEl6wlb5Pv7JmhN4utLcJKsIxed_pN4OF8j-1gpM6e-WFb2ycgdgpGN85dF_0S6Ig" rel="nofollow">dire need</a> of more of those. You can take a jog down one of Laguna Beach’s many parks, one of them being <a href="https://www.visitlagunabeach.com/directory/heisler-park/" rel="nofollow">Heisler Park</a>. Its lush coastal flora clashes vividly with the horizon and is great for biking, as well. Surfing is one of the favorite pastimes of residents. Lots of them go hiking in the 20,000 acres of protected land, as well.</p> <p class="mb-4">You don’t have to worry about the quality of education your child gets in Laguna Beach. Its public schools are <a href="https://www.niche.com/places-to-live/laguna-beach-orange-ca/" rel="nofollow">rated A+</a>. And the Laguna College of Art & Design stands out as an institution for higher education.</p> <h2 class="mb-4">Irvine</h2> <p class="mb-4">Irvine is a planned city in the north of the county that boasts some of the best neighborhoods in Orange County. It’s an excellent place to raise a family, ranking #10 in Niche’s list of <a href="https://www.niche.com/places-to-live/irvine-orange-ca/" rel="nofollow">best places to raise a family</a> in the US. The city is also ranked as one of the safest ones of its size. That additionally raises its attractiveness for people looking to move to Orange County.</p> <p class="mb-4">Just like Laguna Beach, you will easily find outdoor fun here. Irvine is stacked with walkable and bikeable neighborhoods. And you can use your bike to ride to one of the city’s many stores and restaurants. You will love the sight of numerous local businesses that aren’t being pushed out by chain stores.</p> <p class="mb-4">And with climate change becoming a more prominent factor in all of our lives, you will love this - Irvine is working hard on maintaining a healthy environment for its residents. In 2021 the city received the <a href="https://www.ca-ilg.org/beacon-participant-profile/city-irvine-0" rel="nofollow">Beacon Spotlight Award </a>for lowering its municipal greenhouse gas emissions. The local government also banned smoking in all public places, further enforcing environmental rights and restoring its resident’s health.</p> <h2 class="mb-4">Newport Beach</h2> <p><img alt="Waves of Newport Beach" class="img-fluid" src="https://sleeveuphomes.com/img/newport-beach.jpg" /></p> <p class="mb-4">Newport Beach boasts a great location. It’s a mid-size city of 85,000 people that gives you more than a killer view of the ocean. It’s partially perched on San Joaquin Hills and nestled next to the Santa Ana River. It’s a three-in-one deal that makes it one of the <a href="https://sleeveuphomes.com/mediterranean-summersbest-beach-towns-to-live-in-california">best beach towns to live in California</a>.</p> <p class="mb-4">If you move here with your kids, they will thank you later in life for providing them with an excellent education. And if you are looking to take a break and some me-time, keep in mind that Newport Beach has an <a href="https://www.niche.com/places-to-live/newport-beach-orange-ca/" rel="nofollow">A+ rating</a> for its nightlife scene.</p> <p class="mb-4">You can indulge in the scenery while surfing or birdwatching, or take a stroll down Newport Harbour. This attraction is actually among the biggest recreational harbors on the West Coast, offering kayaking and finishing. The city is also known for a median home value that is quite higher than the national average. But we can soften the blow of this information with another one. There are agencies out there that can <a href="https://sleeveuphomes.com/">buy your house for the highest price</a> and thus finance your move.</p> <h2 class="mb-4">Santa Ana</h2> <p class="mb-4">If you’re focused on your career, then Santa Ana may be the best place to live in Orange County for you. With over 330,000 residents, it’s one of the county’s biggest cities that offers many career-boosting opportunities.</p> <p class="mb-4">In recent years, the city saw a revitalization that now attracts business investments and development. Many high-tech companies are situated here, and educated workers under forty can score a promising position much easier than in other parts of the US. Overall, Santa Ana’s unemployment rate is under the national level, and its living costs are suitable for young families that are just starting to grow.</p> <p class="mb-4">The city will suit both introverts and extroverts. Whether you are looking for suburban quaintness or urban nightlife attractions, Santa Ana caters to both of those needs.</p> <h2 class="mb-4">Anaheim</h2> <p class="mb-4"><a href="https://sleeveuphomes.com/anaheim">Anaheim</a> is the most populous city in Orange County, California, with over 340,000 people living right next to the “Happiest Place on Earth.” That’s right - this city is home to the world’s most-recognized amusement park - Disneyland!</p> <p class="mb-4">And there is no denying that the humongous park that attracts millions each year had a role in helping the city grow. Today, Anaheim is an industrial and entertainment powerhouse of its own. The diverse city is graded <a href="https://www.niche.com/places-to-live/anaheim-orange-ca/" rel="nofollow">positively </a>for raising a family and its public school reputation, offering a mix of urban and suburban.</p> <p class="mb-4">Cultural activities and green spaces are one of the city’s many perks, as well as its <a href="https://www.niche.com/places-to-live/anaheim-orange-ca/" rel="nofollow">median home value of $575,000</a>. That number is well under the median value of homes of some other cities in the county.</p> <h2 class="mb-4">Want to Make the Move to Orange County?</h2> <p class="mb-4">If you can now imagine living in Orange County, we can help you make that idea a reality. When you begin planning how to finance your home, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> for a smooth beginning of your house-buying process. Our company buys houses in Southern California, and we give the best possible price. So if you are looking to buy a house in Orange County that is priced above the country’s median level, you can sell your current house to us and save money for your dream OC home!</p> <p class="mb-4">Another perk? We buy your house as-is. That means we take care of any necessary repairs. Want to see that we mean honest business? Contact us today and <a href="https://sleeveuphomes.com/request-offer">ask for a no-obligation cash offer</a> to see where our partnership could lead you!</p>
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            • slugwhat-are-the-10-cheapest-cities-to-live-in-the-US
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            • titleCheapest Cities to Live in the US
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-the-10-cheapest-cities-to-live-in-the-US" }, "headline": "What Are the 10 Cheapest Cities to Live in the US in 2022?", "description": "Considering relocating to one of the cheapest cities to live in the US? Here is an in-depth look at the 10 most affordable cities and their characteristics.", "image": "https://sleeveuphomes.com/files/blog/077a5b6d-d634-48b1-923f-884a34c20001_cheapsest-cities.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-01-13", "dateModified": "2022-01-13" } </script> <p class="mb-4">Living expenses are increasing day by day and salaries never seem to match the growth. It appears obvious that making retirement plans is far from the minds of most Americans. Instead, the focus is on getting to next month without a negative bank account. A solution many are considering is relocating to one of the cheapest cities to live in the US.</p> <p class="mb-4">But even this may come with negative financial consequences. Yes, the cost of living may be lower, but the median wages could be comparatively lower as well, or jobs could be hard to come by. In essence, don’t just focus on the cost of living but dig deep to learn if your destination of choice can meet your needs.</p> <p class="mb-4">This article is intended to be the starting point of your search. We’ve compiled a list of the 10 cheapest cities to live in the US and added information on the median household income, as well as the median listing price for houses. By the end, hopefully, you will have narrowed down your choice, but before we get to the list, you should understand how the cities were selected.</p> <h2 class="mb-4">The Method Used to Find the Cheapest Cities</h2> <p class="mb-4">The Council for Community and Economic Research, a nationally recognized organization that focuses on community, economic, and workforce research, conducts a quarterly study to determine the cost of living index in urban areas of the US. The latest numbers are from the <a href="https://www.c2er.org/2021/11/coli-quarter-3-is-out/" rel="nofollow">third quarter of 2021</a>.</p> <p class="mb-4">The cost of living index (COL) is based on 6 metrics – the cost of utilities, housing, grocery items, health care, transportation, and miscellaneous goods and services. More than 90,000 prices that cover 60 different items are collected from chambers of commerce and research organizations and analyzed to come up with the COL.</p> <p class="mb-4">The average national COL is calculated (the average is set at 100 points) and is used as the basis against which specific cities are compared. In short, <strong>the cost of living index is a realistic representation of citizens’ regular expenses compared to the US average</strong>.</p> <p class="mb-4">The median household income and other population statistics were obtained from the <a href="https://www.census.gov/" rel="nofollow">US Census Bureau</a>. We should note that the median household income data is from 2019, as that is the last year that numbers from the Census Bureau are available for each individual city as of 2022.</p> <p class="mb-4">The median listing prices for homes were compiled from major realtor organizations. The purpose of these two statistics is to let you compare how easy it would be to buy a house in one of these cities if you had an average income and how much of your paycheck would go towards everyday expenses.</p> <p class="mb-4">After all, it’s not just about finding cheap prices, but how they compare to your income. Now, let’s get to the 10 cheapest cities to live in the US, starting with the cheapest city.</p> <h2 class="mb-4">Kalamazoo, Michigan</h2> <p><img alt="michigan" class="img-fluid" src="https://sleeveuphomes.com/img/michigan.jpg" /></p> <p class="mb-4"><strong>Cost of Living</strong>: 23.5% below the national average (COL 76.5)</p> <p class="mb-4"><strong>Median Household Income</strong>: ~ $41,500</p> <p class="mb-4"><strong>Median Listing Price</strong>: ~ $185,000</p> <p class="mb-4">Kalamazoo, Michigan is the seat of Kalamazoo County and has a population of around 73,000 people. It is good for many of the residents of Kalamazoo that the city is as cheap as it is because an astounding 28.4% of people are considered persons in poverty, which is far above the state and national average.</p> <p class="mb-4">In addition, 44.2% of people own or co-own the homes they live in, which means that a large portion of the population is renting. As the per capita income is around $23,500 and the median gross rent is approximately $800, a large share of the population spends about 40% of their annual income towards gross rent.</p> <p class="mb-4">While these are general statistics and can’t account for each individual situation, the picture the stats paint is rather bleak for some of its residents. On a positive note, Western Michigan University with its many campuses and partner teaching hospitals is a good stimulant for Kalamazoo’s economy.</p> <p class="mb-4">The Pfizer Corporation, the now-famous pharmaceutical and biotech company, also has a large operation in Kalamazoo and the medical equipment manufacturer Stryker Corporation is based here.</p> <p class="mb-4">In total, the medical and pharmaceutical industries are big in Kalamazoo and may incentivize you to move here if you are in one of these professions. With the cheap cost of living that Kalamazoo offers and if you can get an above-average paycheck, Kalamazoo may be a good place to settle down for good.</p> <h2 class="mb-4">McAllen, Texas</h2> <p class="mb-4"><strong>Cost of Living</strong>: 23% below the national average (COL 77.0)</p> <p class="mb-4"><strong>Median Household Income</strong>: ~ $46,500</p> <p class="mb-4"><strong>Median Listing Price</strong>: ~ $245,000</p> <p class="mb-4">McAllen, Texas has the second-lowest cost of living of all US cities, but, once again, not everything is sunshine and rainbows for many McAllen residents. Persons in poverty account for 23% of the population, which is above the state and national average.</p> <p class="mb-4">On a different note, the poverty rate seemed to be trending downwards, but the latest data is from 2019, so it remains to be seen how the pandemic has affected the trends. Compared to the cheapest city in the US – Kalamazoo – the higher median household income more than makes up for 0.5 points more of the cost of living index.</p> <p class="mb-4">And McAllen is a much bigger city than Kalamazoo, with a population of over 140,000. Trade and tourism are large drivers of McAllen’s economy, as is the health care industry. It is interesting to note that McAllen is located on a major flyway of birds migrating between South and North America.</p> <p class="mb-4">The <a href="http://www.theworldbirdingcenter.com/" rel="nofollow">World Birding Center</a> has one of its nine bases in McAllen, specifically at the Quinta Mazatlan, a Spanish Colonial mansion. So, for birdwatchers and enthusiasts looking for an affordable city to relocate to, McAllen, TX might be the right choice.</p> <h2 class="mb-4">Harlingen, Texas</h2> <p class="mb-4"><strong>Cost of Living</strong>: 21% below the national average (COL 79.0)</p> <p class="mb-4"><strong>Median Household Income</strong>: ~ $39,500</p> <p class="mb-4"><strong>Median Listing Price</strong>: ~ $142,000</p> <p class="mb-4">Harlingen is located north of the Rio Grande and west of the Gulf of Mexico and sits at the southernmost tip of Texas. The distance from Harlingen to McAllen is about 35 miles and the two cities are somewhat comparable, although McAllen seems to be doing better.</p> <p class="mb-4">Not only does Harlingen have a higher COL index, but the median household income is lower and the poverty is rate is higher, standing at 29%. The positive aspect is that almost all costs of living are much lower than in the rest of the US, except the utility bills. And the higher utility bills are expected as summer temperatures regularly go to the high 90s.</p> <p class="mb-4">Multiple campuses and public university branches are located in Harlingen, with the largest one being the <a href="https://www.utrgv.edu/en-us/" rel="nofollow">University of Texas Rio Grande Valley</a>. Health care is accessible in Harlingen and it boasts a multitude of hospitals, clinics, and health centers, including the only Level II Trauma Center in the Rio Grande Valley Region – the Valley Baptist Medical Center.</p> <p class="mb-4">And like in McAllen, the World Birding Center also has a location in Harlingen.</p> <h2 class="mb-4">Muskogee, Oklahoma</h2> <p class="mb-4"><strong>Cost of Living</strong>: 20.4% below the national average (COL 79.6)</p> <p class="mb-4"><strong>Median Household Income</strong>: ~ $38,000</p> <p class="mb-4"><strong>Median Listing Price</strong>: ~ $110,000</p> <p class="mb-4">Muskogee is the seat of the eponymous county and is the only representative of Oklahoma on this list. With a population of around 37,000 as of the 2020 census, it is also one of the least populated places on this list.</p> <p class="mb-4">Unfortunately, 24.6% of the population are persons living in poverty, which is more than 10% above the Oklahoma average of 14.3%. The Georgia-Pacific pulp and paper company is the largest employer in Muskogee and Muskogee is generally considered an economic center for the east Oklahoma region.</p> <p class="mb-4">By now, you’ve probably noticed a trend – the cheapest cities to live in the US often also have low median household incomes and high poverty rates. It just goes to stress the point that you should not only be looking at the cost of living but also compare it to your potential salary if you ever decide to move to one of these cities.</p> <h2 class="mb-4">Tupelo, Mississippi</h2> <p class="mb-4"><strong>Cost of Living</strong>: 18.8% below the national average (COL 81.2)</p> <p class="mb-4"><strong>Median Household Income</strong>: ~ $50,500</p> <p class="mb-4"><strong>Median Listing Price</strong>: ~ $220,000</p> <p class="mb-4">Tupelo is the sixth-largest city in Mississippi and the seat of Lee County. It is generally considered a commercial and cultural hub of North Mississippi and is one of the brighter examples on this list.</p> <p class="mb-4">For one, it has the lowest poverty rate out of the 5 current entries at 15.6%, which is lower than the Mississippi average of 18.7%. Further, the median household income is approximately $5,000 more than the Mississippi average and the highest out of the 4 previous cities on this list.</p> <p class="mb-4">Tupelo has a strong furniture industry, is home to the headquarters of the North Mississippi Medical Center, two large financial institutions have their headquarters here, and Tupelo is a five-time winner of the All-American City Award issued by the National Civic League to cities that creatively address local issues.</p> <p class="mb-4">Still not interested? Elvis was born in Tupelo and you will find the Elvis Presley Birthplace museum here. But because not everything can be perfect, you should know that tornadoes are always a threat in Tupelo and that is something worth noting. All in all, Tupelo is definitely a city worth considering if you are thinking to relocate to one of the cheapest cities in the US.</p> <h2 class="mb-4">Cheapest US Cities 6 – 10</h2> <p class="mb-4">We won’t go into detail regarding the second half of the cities on the list, just give a quick overview of the COL index and the median prices, but we encourage you to delve deeper if any spark your interest.</p> <h3 class="mb-4">Amarillo, Texas</h3> <p class="mb-4"><strong>Cost of Living</strong>: 18.5% below the national average (COL 81.5)</p> <p class="mb-4"><strong>Median Household Income</strong>: ~ $52,500</p> <p class="mb-4"><strong>Median Listing Price</strong>: ~ $220,000</p> <h3 class="mb-4">Anniston, Calhoun County, Alabama</h3> <p class="mb-4"><strong>Cost of Living</strong>: 17.8% below the national average (COL 82.2)</p> <p class="mb-4"><strong>Median Household Income</strong>: ~ $36,000</p> <p class="mb-4"><strong>Median Listing Price</strong>: ~ $140,000</p> <h3 class="mb-4">Richmond, Indiana</h3> <p class="mb-4">Cost of Living: 17.8% below the national average (COL 82.2)</p> <p class="mb-4">Median Household Income: ~ $39,500</p> <p class="mb-4"><strong>Median Listing Price</strong>: ~ $125,000</p> <h3 class="mb-4">Pittsburgh, Kansas</h3> <p><img alt="Pittsburgh Kansas" class="img-fluid" src="https://sleeveuphomes.com/img/pittsburgh-kansas.jpg" /></p> <p class="mb-4">Cost of Living: 17% below the national average (COL 83.0)</p> <p class="mb-4">Median Household Income: ~ $35,000</p> <p class="mb-4">Median Listing Price: ~ $99,500</p> <h3 class="mb-4">Jackson, Mississippi</h3> <p class="mb-4">Cost of Living: 16.9% below the national average (COL 83.1)</p> <p class="mb-4">Median Household Income: ~ $39,000</p> <p class="mb-4">Median Listing Price: ~ $146,000</p> <h2 class="mb-4">Can Trends Be Observed?</h2> <p class="mb-4">Three of the 10 cheapest cities to live in the US are in Texas, 2 in Mississippi, and one in MI, OK, AL, IN, and KS respectively. While nobody would expect the <a href="https://sleeveuphomes.com/mediterranean-summersbest-beach-towns-to-live-in-california">best beach towns in California</a> to also be some of the most affordable cities in the US, it may be somewhat surprising that 6 of the 10 cities are from the Dixie region (and two more from neighboring KL and OK).</p> <p class="mb-4">And just <strong>because a city has a low cost of living index does not mean that all of its citizens live an easy life</strong>. Namely, the median household income in the US was $67,500 in 2020 (down from $69,000 in 2019) and the percentage of persons living in poverty was 11.4% in 2020 (up from 10.5% in 2019).</p> <p class="mb-4">When these 10 cities are compared to the US median, <em><strong>all</strong></em> of them have a significantly lower median household income. And the (although beneficial) lower cost of living does not appear to offset this, as <em><strong>all</strong></em> of the 10 cheapest cities to live in the US have higher poverty rates than the US median.</p> <h3 class="mb-4">And One Notorious Location</h3> <p class="mb-4">While this article focuses on the cheapest cities to live in the US, we couldn’t help but mention the opposite end of the spectrum – Manhattan, New York. The cost of living index in Manhattan is 239.3, far ahead of the runner-ups San Francisco and Honolulu at 186.4 and 185.6, respectively.</p> <h2 class="mb-4">Have You Decided on a Place to Relocate?</h2> <p class="mb-4">If one of these cities has piqued your interest, you can sell your house to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> and easily finance your move. We will buy your current home as-is for top dollar and you can close in as little as seven days.</p> <p class="mb-4">We are not wholesalers but local Southern California investors, which is why we can make you the best offer you will come across. And because we are direct buyers, you will avoid realtor commissions and we take care of the closing costs. Tell us what other offers you’ve received and r<a href="https://sleeveuphomes.com/request-offer">equest a no-obligation cash offer</a> – we guarantee we’ll do better.</p>
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            • short_descriptionConsidering relocating to one of the cheapest cities to live in the US? Here's an in-depth look at the 10 most affordable cities and their characteristics.
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            • titleWhat Are the Best Places to Live in California in 2022? – Comparing the Largest Metro Areas
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-best-places-to-live-in-california" }, "headline": "What Are the Best Places to Live in California in 2022? – Comparing the Largest Metro Areas", "description": "Are you interested in what the best places to live in California in 2022 are? Then read on to find out how the 5 largest metro areas compare to each other.", "image": "https://sleeveuphomes.com/files/blog/7a2df25d-407f…46c981d0966_best-places-to-live-in-california.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "Zachariah Peterson", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2022-02-04", "dateModified": "2022-02-04" } </script> <p class="mb-4">Fewer people have been moving to The Golden State in the past year than in years prior, but California is still one of the premier states of the US. However, California is large and diverse, and not all cities and towns are made equal. So, what are the best places to live in California in 2022?</p> <p class="mb-4">We have contrasted the 5 largest metro areas by compiling and analyzing the latest data and classifying it into 4 relevant categories to determine how they compare to each other. By the end, you should be able to understand what an average resident’s life looks like and what their biggest concerns are.</p> <p class="mb-4">But before we get to the list of the best places to live in California in 2022, we should give a quick overview of the selection process used.</p> <h2 class="mb-4">The Methodology Used for Selecting the Best Places to Live in California</h2> <p class="mb-4">The 5 largest metropolitan areas in California were compared in 4 categories:</p> <ul> <li class="mb-4">unemployment (the non-seasonally adjusted unemployment rate in each area)</li> <li class="mb-4">personal finances (based on the per capita income of residents and estimates basic expenses)</li> <li class="mb-4">crime safety (accounting for both violent and property crime)</li> <li class="mb-4">home affordability (how much it would cost to purchase a median-priced home.</li> </ul> <p class="mb-4">Each metropolitan area was given from 1 to 5 points in ascending order for each category – 1 being the worst, 5 the best. The points from each category were added up and the best place to live in California was selected based on the total tally.</p> <p class="mb-4">You can find an in-depth explanation of the methodology and the criteria used for each category after the list. Now, let’s get to the best places to live in California, ordered from best to worst.</p> <h2 class="mb-4">1. Sacramento - Roseville - Folsom</h2> <p class="mb-4"><strong>Unemployment: 3/5 </strong></p> <p class="mb-4"><strong>Personal Finances: 3/5 </strong></p> <p class="mb-4"><strong>Crime Safety: 3/5 </strong></p> <p class="mb-4"><strong>Home Affordability: 5/5 </strong></p> <p class="mb-4"><strong>Total: 14/20</strong></p> <p class="mb-4">The Sacramento – Roseville – Folsom urban area comes out on top with 14/20 points and it can be considered one of the best places to live in California for young adults looking to purchase a home. This area is right in the middle of the pack according to all statistics except for home affordability, where it shines.</p> <p class="mb-4">The per capita income of residents is $61,852 and the basic annual expenses total to $38,329, which leaves people with around $23,500 to spend in other places. The unemployment rate is 4.4% and the crime rate is 27.2 per 1000 residents – all of which results in 3/5 according to our scale. Additionally, if only violent crimes were counted, this area would be the second-safest, giving it one more point.</p> <p class="mb-4">But what makes the Sacramento – Roseville – Folsom urban area one of the best places to live in California is affordable housing – <strong>the median home costs approximately $500,000, making it the most affordable on this list</strong>. As an added bonus, this urban area also encompasses the <a href="https://sleeveuphomes.com/a-guide-to-california-wine-regions">Central Valley wine region</a>, which produces about ¾ of the grapes for California wines.</p> <h2 class="mb-4">2. San Diego - Carlsbad</h2> <p class="mb-4"><strong>Unemployment: 4/5 </strong></p> <p class="mb-4"><strong>Personal Finances: 2/5 </strong></p> <p class="mb-4"><strong>Crime Safety: 5/5 </strong></p> <p class="mb-4"><strong>Home Affordability: 3/5 </strong></p> <p class="mb-4"><strong>Total: 14/20</strong></p> <p class="mb-4">The San Diego – Carlsbad metro area gets second place, but with 14/20 points, it is equal to the Sacramento – Roseville – Folsom area. However, we added another metric to distinguish between the two – how many average annual salaries it would take to purchase a median-priced home in the area.</p> <p class="mb-4">And you would need to save up approximately 11 ½ years’ worth of income to purchase a home in the San Diego – Carlsbad area, while it would only take about 8 years and 8 months' worth of income to buy one in Sacramento – Roseville – Folsom. This is why San Diego – Carlsbad is second on the list.</p> <p class="mb-4">This area shines in two categories: <strong>1. unemployment is at 4.2%, which nets it 4/5 points, and 2. the crime rate is at 21.3 crimes committed per 1000 residents, which makes it the safest metro area on the list</strong>. The relatively low level of criminality should come as no big surprise, as 3 out of the 15 <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">safest locations in California</a> are located right here, in San Diego – Carlsbad.</p> <p class="mb-4">The low unemployment and crime rates make San Diego – Carlsbad one of the best places to live in California for families. However, this area loses out when it comes to personal finances – the average per capita income is $66,266 and the estimated annual expenses are $46,834, which gives it only 2/5 points and doesn’t let it climb to no.1 on the list.</p> <h2 class="mb-4">3. San Francisco - Oakland</h2> <p class="mb-4"><strong>Unemployment: 5/5 </strong></p> <p class="mb-4"><strong>Personal Finances: 5/5 </strong></p> <p class="mb-4"><strong>Crime Safety: 1/5 </strong></p> <p class="mb-4"><strong>Home Affordability: 1/5 </strong></p> <p class="mb-4"><strong>Total: 12/20</strong></p> <p class="mb-4">The San Francisco – Oakland area is a place of extremes; <strong>it ranks first for unemployment and personal finances, but last for crime safety and home affordability</strong>. With an unemployment rate of 2.9%, it gets 5/5 points.</p> <p class="mb-4">The per capita income is $111,050 and the estimated basic annual expenses are $69,072, which leaves its residents with around $42,000 to spend on other things. Even though the cost of essential living is the highest on this list, the per capita annual income more than makes up for it.</p> <p class="mb-4">However, the median home price in San Francisco – Oakland is $1,475,000, which is $575,000 more than in the second-most expensive area for real estate. And San Francisco – Oakland has the highest crime rate per 1000 residents – 69.3.</p> <p class="mb-4">Even if violent crime and property crime were viewed separately, San Francisco – Oakland would still get only 1/5 points. The violent crime rate is 9.7 per 1000 residents and the property crime rate is 59.6 per 1000 residents, both of which are the highest on this list.</p> <h2 class="mb-4">4. Los Angeles - Long Beach - Glendale</h2> <p class="mb-4"><strong>Unemployment: 1/5 </strong></p> <p class="mb-4"><strong>Personal Finances: 4/5 </strong></p> <p class="mb-4"><strong>Crime Safety: 4/5 </strong></p> <p class="mb-4"><strong>Home Affordability: 2/5 </strong></p> <p class="mb-4"><strong>Total: 11/20</strong></p> <p class="mb-4">The Los Angeles – Long Beach – Glendale metro area is fourth on this list of the best places to live in California for two reasons – <strong>it has the highest unemployment rate on this list at 6.2% and the second-most expensive real estate market</strong> (the median sale price is $950,000), which gets it 1/5 and 2/5 points, respectively.</p> <p class="mb-4"><img alt="Best Places To Live in California" class="img-fluid" src="https://sleeveuphomes.com/img/best-places-to-live-in-california.jpg" /></p> <p class="mb-4">When it comes to personal finances, Los Angeles – Long Beach – Glendale does well; the per capita income is $69,805 and the estimated expenses are $42,825, which leaves the hypothetical resident with about $27,000 in their pocket when the year is out.</p> <p class="mb-4">This area does similarly well when it comes to crime safety; with a violent crime rate of 4.5 crimes committed per 1000 residents and a property crime rate of 21.4 for a combined 25.9, it gets 4/5 points on the scale.</p> <p class="mb-4">The low crime rate may come as a bit of a surprise, as this area is not really known as the safest place in California. However, consider that this is the combined crime rate for the entire metro area and not just, let’s say, inner-city neighborhoods.</p> <p class="mb-4"><em>LA – Long Beach – Glendale has some of the most affluent towns and neighborhoods in the entire country</em>; 9 out of the 15 safest locations in California can be found here, which significantly improves the overall crime safety.</p> <h2 class="mb-4">5. Riverside - San Bernardino - Ontario</h2> <p class="mb-4"><strong>Unemployment: 2/5 </strong></p> <p class="mb-4"><strong>Personal Finances: 1/5 </strong></p> <p class="mb-4"><strong>Crime Safety: 2/5 </strong></p> <p class="mb-4"><strong>Home Affordability: 4/5 </strong></p> <p class="mb-4"><strong>Total: 9/20</strong></p> <p class="mb-4">Finally, we get to Riverside – San Bernardino – Ontario. As it concerns the criteria used for this list, the best thing this metro area has going for it is that it ranks last in only one category – personal finance – and that homes are affordable when compared to the other metro areas, with a median cost of $580,000.</p> <p class="mb-4"><strong>With a per capita income of $45,365 and estimated basic costs of $36,965, the residents of Riverside – San Bernardino – Ontario are left with only $8,400 to spend on themselves</strong>. The crime rates are also high – 7.3 violent and 31.5 property crimes are committed per 1000 residents, for a total of 38.5.</p> <p class="mb-4">Unemployment is at 5.1%, only lower than in Los Angeles – Long Beach – Glendale. However, none of this means that the Riverside – San Bernardino – Ontario area is a <em>bad</em> place to live. The <a href="https://sleeveuphomes.com/where-to-live-the-best-cities-in-riverside-county">best cities in Riverside County</a> could give the more affluent towns in LA County a run for their money. It just means that the entire metro area, when taken as a whole, doesn’t compare well to the 4 other metro areas.</p> <h2 class="mb-4">In-Depth Explanation of How the Best Cities to Live in California Were Chosen</h2> <p class="mb-4">The 4 categories used to determine the best places to live in California were specifically chosen to approximate what the everyday life of a hypothetical, average resident of these metro areas could look like. Factors like entertainment, tourism, access to healthcare, etc. were not considered, as they are very narrow and location-specific.</p> <p class="mb-4">The aim was to demonstrate how likely or unlikely an average person was to have a job, how far they could stretch their income, and how possible it would be for them to own their own house, in addition to how safe they would be. The data used for each category is as follows:</p> <h3 class="mb-4">Unemployment</h3> <p class="mb-4">The Employment Development Department of California tracks <a href="https://www.labormarketinfo.edd.ca.gov/" rel="nofollow">labor market statistics</a> in all areas of California and has been tracking the unemployment rate since 1976. The statistics used were the latest non-seasonally adjusted employment rates.</p> <h3 class="mb-4">Personal Finance</h3> <p class="mb-4">The Bureau of Economic Analysis of the U.S. Department of Commerce tracks <a href="https://www.bea.gov/data/income-saving/personal-income-county-metro-and-other-areas" rel="nofollow">personal income by county, metro, and other areas</a>; the average per capita income in a given metro area was used. Income encompasses wages, government benefits, interests, rents, dividends, and proprietors’ income.</p> <p class="mb-4">The Economic Policy Institute calculates <a href="https://www.epi.org/resources/budget/" rel="nofollow">location-specific costs</a> for different types of families. The estimated expenses include housing, food, child care, transportation, health care, taxes, and other necessities. The expenses of one adult with no children in a given metro area were used for this list.</p> <p class="mb-4">Finally, the expenses of an adult person with no children were subtracted from the per capita income to determine how much money an average resident of a metro area would be left with on a yearly basis and an appropriate number from 1 to 5 was assigned.</p> <h3 class="mb-4">Crime Safety</h3> <p class="mb-4"><a href="https://www.safewise.com/" rel="nofollow">Safewise</a> compiles FBI statistics and issues annual reports on the violent and property crime rates in towns and cities. These city and town crime rates were adjusted for the appropriate metro areas.</p> <h3 class="mb-4">Housing Affordability</h3> <p class="mb-4">Housing affordability refers to the <em>median</em> sale price (median prices are used instead of average prices because they can better estimate the central value) of homes that were sold in a given metro area; so, it does not calculate the listing price, but only accounts for how much the houses actually sold.</p> <h2 class="mb-4">Thinking of Moving to a New Area?</h2> <p class="mb-4">If you are thinking of moving to a new metro area, you can sell your house to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> for cash. We are local Southern California investors that will buy your house for top dollar and give you a leg up wherever you are going. Besides offering the best prices, you will not be paying any realtor commission or closing costs if you sell to us.</p> <p class="mb-4">And don’t worry about the state of your property because we will buy your home as-is and take care of any necessary repairs in-house. You don’t have to take us at our word – request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and see how we compare to other offers you’ve received before you make a choice.</p>
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            • short_descriptionAre you interested in what the best places to live in California in 2022 are? Then read on to find out how the 5 largest metro areas compare to each other.
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            • title10 Safest Cities in California in 2024
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/the-safest-places-to-live-in-california" }, "headline": "10 Safest Cities in California in 2024", "description": "What are the safest places to live in California in 2024? Here's a list of 10 safest cities in California to call home with their respective average crime rates. ", "image": "https://sleeveuphomes.com/files/blog/38cdb03a-24af-4d5f-8b98-717acc048bea_palm-trees-at-sunset-in-los-angeles-california.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-18", "dateModified": "2024-04-24" } </script><script type="text/javascript"> (function(c,l,a,r,i,t,y){ c[a]=c[a]||function(){(c[a].q=c[a].q||[]).push(arguments)}; t=l.createElement(r);t.async=1;t.src="https://www.clarity.ms/tag/"+i; y=l.getElementsByTagName(r)[0];y.parentNode.insertBefore(t,y); })(window, document, "clarity", "script", "c1csoa9hw3"); </script> <p>The cost of living, employment opportunities, schools in the area, home prices, and emotional attachments are all important factors when deciding where to live (at least for those who get to choose). However, crime statistics always rank at the top – Californians want to find the <em>safest cities</em> to raise their children.</p> <p>This is entirely natural. You want to freely walk the city streets at night, know there’s a minimal chance of your home getting burglarized, and not worry about your kids’ safety every waking moment. Unfortunately, a majority of Californians regularly report not feeling safe in their communities.</p> <p>Because of this, <strong>choosing a safe place to call home is essential to sleeping soundly</strong>. To help you make plans, we've provided a list of the 10 safest cities to live in California. Let’s see how California compares to the rest of the nation and how safety is even determined before we dive in.</p> <h2>Is California a Safe Place to Live? California vs. the Rest of the US</h2> <p>Unfortunately, <strong>California is not one of the safest states</strong>. By volume, the most crimes are committed in California annually out of the entire US; that is to be expected as it is the state with the largest population. However, even when adjusted for its population, CA still ranks in the upper half of states<a href="https://crime-data-explorer.app.cloud.gov/pages/explorer/crime/crime-trend" target="_blank"> for crime per capita</a>.</p> <p>California's property crime average is 23% higher than the U.S. national average of 20.7, while the violent crime rate is just 6% higher than the corresponding national crime rate average of 4.0. However, common crime is often hyper-localized, so there can be large discrepancies between cities. When we look at the safest cities in California, those numbers <em>drop</em> quite a bit – we're talking an average of 1.7 for violent crime and 12.8 for property crime. </p> <p>Fun fact? Californians rank third in concern about package theft, with 63% expressing daily worries, compared to the national average of 53%. Also, 61% of residents regularly worry about property crime, surpassing the national average of 52%. </p> <p>All in all, although California is somewhere in the middle of the pack when it comes to per capita crime rates, it still has some of the safest cities to live in the US.</p> <h3>Where Is the Safest Place to Live in the United States in 2024?</h3> <p>In 2024, the safest states in the United States with the lowest crime rates are Vermont, Maine, New Hampshire, and New Jersey, with Jackson Township, NJ, Johns Creek, GA, and Wylie, TX, being the top three safest cities.  But is it where most people look for a home? Find out <a href="https://sleeveuphomes.com/us-migration-trends-where-are-people-moving-to" target="_blank">where are people moving to</a> in another interesting read.</p> <p>If you're looking to be a bit more cautious, you might want to tread carefully in New Mexico, which unfortunately tops the charts as the <strong>most dangerous state in the U.S</strong>. Wondering what area in California has the most crime? As of 2024, Emeryville, California, tops the list for the highest crime rate in the state, with a PC rate of 165.71 and 2,356 violent crimes per 100,000 residents.</p> <p><img alt="terranea resort at rancho palos" class="img-fluid" src="https://sleeveuphomes.com/img/terranea-resort-at-rancho-palos.jpg" /></p> <h2>The Criteria Used to Assess the Top 10 Safest Cities to Live in California</h2> <p>Compiling FBI statistics,<a href="https://www.safewise.com/" target="_blank"> Safewise</a> issues an annual report on two types of crime - violent and property crime rates per 1000 residents in Californian towns and cities. This means that other public safety issues, such as natural hazards, are <em>not counted </em>in determining the safest cities in California.</p> <p>Violent crime (VC) includes aggravated assault, murder, rape, and robbery; property crime (PC) encompasses burglary, larceny theft, and motor vehicle theft. The safest place to live in California is the<strong> one with the lowest combined VC and PC rate per 1000 residents</strong>, but we’ll also separate both statistics so that you have better insight.</p> <p>As a side note, places that did not submit a crime report to the FBI are excluded from the rankings. Now that you understand how we define a safe city let’s get to the list of the 10 safest cities in California.</p> <h3>1. Rancho Santa Margarita</h3> <p>Situated in Orange County close to the Santa Ana Mountains, Rancho Santa Margarita leads the chart as <strong>the safest city in California in 2024.</strong> This charming city has a current population of slightly below 50,000, a multitude of homeowners associations, high-quality living conditions, and a significantly higher rate of people holding bachelor’s and higher degrees than the rest of CA.</p> <p>It is no big surprise that Rancho Santa Margarita is one of the safest places to live in California. The violent crime (VC) rate per 1000 people is 0.4, and the property crime (PC) rate is 4.8, combining for only 5.2. Rancho Santa Margarita is an excellent community to call home with an easygoing charm, where you'll see the <em>least</em> headlines about crime rates. At least this year.</p> <h3>2. Aliso Viejo</h3> <p>A second representative from Orange County (you will start noticing a trend), Aliso Viejo, is located in the San Joaquin Hills. It has a VC crime rate of 0.9 and a PC crime rate of 6.8. On top of the significantly lower level of concern that comes with living here, Aliso Viejo is also a suburban city with a small-town charm and a sense of community. </p> <p>Sitting right next to Laguna Beach means that it also offers life with access to most benefits of an urban lifestyle, including beach activities, plus scenic beauty. </p> <h3>3. Yorba Linda</h3> <p>Located approximately 37 miles SE of Downtown LA in Orange County, Yorba Linda is a beautiful city that comes in at number 3 when it comes to safety, with a VC rate of 0.5 and a PC rate of 10.2, combining for a 10.7 crime level. A relatively small but wonderful city, Yorba Linda is best known as the birthplace of former president Richard Nixon. It's a great choice for families, even if it's just family outings.</p> <h3>4. Laguna Niguel</h3> <p>Like the second-safest bordering city of Aliso Viejo, Laguna Niguel city comes close on the heels of its neighbor as one of the safest places to live in California. With a VC crime rate of 0.9 and PC crime rate of 10.5,<strong> </strong>it's an affluent community, with the median household income (as well as housing prices) of Laguna Niguel nearly doubling the US average. </p> <p>It might not be the<a href="https://sleeveuphomes.com/cheapest-places-to-live-in-southern-california" target="_blank"> cheapest place to live in southern California</a>, but can you really a price tag on safety? </p> <h3>5. Mission Viejo</h3> <p>The first larger city on the list, Mission Viejo, has a population slightly below 100,000. Unsurprisingly, it is also located in Orange County. It has a <strong>VC rate of 0.8 – the same as in 2022, and a PC rate of 11.4.</strong></p> <p>Mission Viejo isn't just one of California's safest cities; it's a shining example of what happens when a nice community really comes together to keep things safe. Thanks to some smart crime prevention moves and active community involvement,  this place has earned its status as one of the safest places to live in California.</p> <p>But there's more to this wonderful town than safety alone - two awesome community parks, a family-friendly charm, and tons of activities to keep everyone happy and entertained. Sounds like a pretty great place to live, doesn't it?</p> <h3>6. Lake Forest</h3> <p>Yet another representative and one of the <a href="https://sleeveuphomes.com/what-are-the-best-cities-to-live-in-orange-county" target="_blank">best places to live in Orange County</a> (surprise, surprise), Lake Forest is a safe community that comes in at no. 6 on our list of the safest cities in California in 2024. It has an <strong>extremely low VC rate of 1.2</strong> and a PC rate of 10.6, adding up to 11.8.</p> <p>As a side note, if you are wondering about the name, the immediate area of Lake Forest is not actually forested land, but the forest from which it got its name is located relatively close. However, it is situated between two man-made lakes, so that part of the name and unspoiled beauty holds true.</p> <h3>7. Linkoln</h3> <p>Nestled in Placer County, Lincoln, a small but active town, has once again earned its place among the top 10 safest cities in the state, with a VC rate of 1.7 and a PC rate of 9.0. The community’s commitment to security extends beyond crime statistics, reflected in its high-ranking schools and harmonious atmosphere. </p> <h3>8. Poway</h3> <p>The <em>first </em>city from San Diego County to make it on the list of the safest places in California, Poway's 2024 VC rate is 1.7, and its PC rate is 9.8, with an average crime score of 11.5. Poway is an unincorporated community and only became a city in 1980. Its rural charm is reflected in its motto, "The City in the Country." Today, approximately 50,000 people call Poway home. </p> <h3>9. Rocklin</h3> <p>Rocklin, California, located approximately 22 miles northeast of Sacramento, is another nice city with a small-town vibe in Placer County, known for its proximity to the state capital. With a verz low VC rate of 1.1 but a higher PC rate of 13.0, this midsize city has experienced steady growth over the years, attracting families and individuals seeking a family-friendly community.</p> <h3>10. Irvine</h3> <p>Irvine, a vibrant city in Orange County, is the last one of the safest cities in the state on our list. With a population of 311,696, in 2024, Irvine reported a VC rate of 0.7 and a PC rate of 15.1, making it an attractive place to call home. and raise a family.</p> <p>Irvine is home to several excellent schools, both public and private, while its residents enjoy a high quality of life thanks to well-maintained community parks, recreational activities, and a strong sense of community. The city’s master-planned neighborhoods provide safe and family-friendly environments, and commitment to green spaces, bike paths, and community events fosters a healthy lifestyle and a strong sense of belonging.</p> <h4>An Honorable Mention</h4> <p>Santee from San Diego County <strong>just barely didn’t make the list</strong>, but it deserves a mention. It has a violent crime rate of 2.6 and a property crime rate of 9.1. Now, while Sante has a low total crime rate, the number of violent crimes committed is the highest on this list.</p> <p><img alt="San Francisco sunset" class="img-fluid" src="https://sleeveuphomes.com/img/the-skyline-of-downtown-san-fran.jpg" style="width: 1000px; height: 667px;" /></p> <h2>How the List of the 10 Safest Places to Live in California Looked in 2022</h2> <p>What was the level of crimes in these California cities back in 2022? <strong>How does 2024 compare </strong>to our previous 2022 update on the safest places in CA?</p> <ol> <li>Danville (out)</li> <li>Rancho Santa Margarita (▲ 1)</li> <li>Moorpark (out)</li> <li>Aliso Viejo (▲ 2)</li> <li>Poway (▼ 3)</li> <li>Yorba Linda (▲ 3)</li> <li>Rancho Palos Verdes (out)</li> <li>Laguna Niguel (▲ 4)</li> <li>Mission Viejo (▲ 4)</li> <li>San Juan Capistrano (out)</li> </ol> <h3>Crime Rate Trends</h3> <p>According to<a href="https://www.ppic.org/publication/crime-trends-in-california/" target="_blank"> studies by the Public Policy Institute of California</a>, overall crime rates in California were on a downward trajectory during the height of the pandemic. In 2020, property crime rates dropped by 8.9% and violent crime rates by 0.5% compared to 2019 – comparable to the rates of the late 1960s.</p> <p>However,<a href="https://www.ppic.org/blog/after-decreases-in-2020-both-property-and-violent-crimes-are-up-in-2021/" target="_blank"> preliminary data from 2021</a> showed an uptick in crime. The most concerning is the rising homicide rate, as well as auto thefts and break-ins quickly becoming popular crimes. On a positive note, even with the post-pandemic increase, crime rates are still lower than they were pre-2010 when major criminal justice reforms were introduced.</p> <p>Crime rates across the U.S. have been <strong>changing over the last few years</strong>. The violent crime rate has stayed steady at 4.0 incidents per 1,000 people for the last three years running. On the other hand, property crime has gone up for the first time in a decade, going from 19.3 incidents to 20.7 per 1,000 residents.</p> <h2>Thinking of Moving to California?</h2> <p>If you wish to move to one of the safest cities in California, you’ll likely need to sell your old home. The first thing you should do is contact<a href="https://sleeveuphomes.com/" target="_blank"> SleeveUp Homes</a>. We buy houses across Southern California for top dollar. We’ve seen too many people get lowballed and pressured by wholesalers and investors, which is why we always do <em>better</em>. </p> <p>Because we are direct buyers, you won’t waste money on realtor commissions. Plus, you also don’t have to invest in repairs or remodeling – we’ll buy your home as-is.<a href="https://sleeveuphomes.com/request-offer" target="_blank"> Request a cash offer</a> and see how we can help finance your new city life in one of the safest places in California.</p>
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            • short_descriptionWhat are the safest places to live in California in 2024? Here's a list of 10 safest cities in California to call home with their respective average crime rates.
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            • titleThe Best Things to Do in Ventura
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": " https://sleeveuphomes.com/things-to-do-in-ventura" }, "headline": "Things to Do in Ventura for the Best Experience", "description": "Planning your next trip? Consider visiting Ventura County and all its wonders. But first, discover the best things to do in Ventura for a majestic experience!", "image": "https://sleeveuphomes.com/files/blog/cc526851-cc31-450e-acf8-d61a7454592b_a-surfer-heading-into-the-ocean-.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-03", "dateModified": "2022-06-03" } </script> <p>Ventura is a stunning coastal city on the shores of the North Pacific Ocean. And there's no better place than Ventura if you want to escape from all your worries and stress.</p> <p>There is a myriad of fun things to do in Ventura, like exploring enchanting gardens, visiting a beautiful beach, spending time at a breathtaking park, touring a local museum, sipping wine at a vineyard, and much more!</p> <p>We want to help you find all the best spots in Ventura County to enjoy alone or with your lover, friends, or family. So, we compiled a list of <strong>the best things to do in Ventura</strong>. Check it out and have the time of your life!</p> <h2>Ventura Botanical Gardens</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/man-cuts-plant-with-gardening-sc.jpg" /></p> <p>Ventura Botanical Gardens sit right behind the Ventura City Hall and encompass an entire <strong>canyon of natural magnificence</strong>. It's a perfect space for afternoons spent photographing the flora or a casual walk.</p> <p>In 2017, the ravaging Thomas Fire destroyed this space, which spanned over 105 acres. However, this city-owned institution has bounced back from the fire and grown once again into its beauty like its many native plants.</p> <p>There's a lot to explore at Ventura Botanical Gardens, including an enchanting hiking trail that leads to a scenic summit looking onto the ocean. They also cross into Grant Park, where the historic Serra Cross watches the ocean.</p> <h2>Ventura Pier and Promenade</h2> <p><img alt="beache-in-ventura-county" class="img-fluid" src="https://sleeveuphomes.com/img/beaches-in-ventura-county.jpg" /></p> <p>The Ventura Pier and Promenade is an oceanfront attraction and <strong>one of the most popular places to visit in Ventura County</strong>. The Ventura Pier was constructed in 1872, making it one of the oldest in California. It features breathtaking views, a plethora of eateries, a gift shop, and much more.</p> <p>It's no surprise why many choose it for their vacation with family or friends. You can do that too! Enjoy the majestic oceanfront views and refreshing sea breeze while relishing various seafood dishes, going for a walk along the pier, shopping for souvenirs, taking photos, visiting a nearby beach, etc. Just don't forget your sunscreen.</p> <h2>Mission San Buenaventura</h2> <p>Franciscan priest Junipero Serra founded Mission Basilica San Buenaventura in 1782, intending to convert the native Chumash people to the Spanish way of life and Catholicism.</p> <p>Burned to the ground, rebuilt in 1809, threatened by pirates, and shaken by several earthquakes, the mission has a rich and stormy past. The Mission Church is glorious and open to both Catholics and non-Catholics. It boasts an 1809 altar and reredos built in Mexico and many other noteworthy art pieces.</p> <p><strong>One of the best things to do in Ventura is to visit the Mission Museum</strong>, which holds many impressive religious artifacts that portray the lives of people who lived in and around the mission. Moreover, its gardens are a delightful place for quiet contemplation.</p> <h2>San Buenaventura State Beach</h2> <p>San Buenaventura State Beach spans the distance between the Ventura Pier and Marina Park, stretching for two miles along the Ventura city coastline. This area offers <strong>the ultimate beach experience</strong>, with sunbathing, surfing, swimming, and exploring the dunes being some of the favorite things to do for many visitors.</p> <p>Shade trees and picnic tables define a large grassy picnic area near the park entrance gate, while certified lifeguards patrol the surf and sand. The pier is also a delightful attraction, stretching over 1,600 feet into the ocean and delivering one of the most magnificent views of the Channel Islands.</p> <p>The Omar Rains Trails spans the entire beach and connects with other attractions of Ventura. North of the Ventura Pier, the bicycle trail widens into a promenade near the Surfers Point at Seaside Park, where you can feel free to catch some waves. Farther north, the Coastal Trail carries cyclists as far as Emma Woods State Beach.</p> <p>Considering all the natural beauty around, it's no surprise why these are some of the best things to do in Ventura.</p> <h2>Serra Cross Park</h2> <p><img alt="Boys playing in the park" class="img-fluid" src="https://sleeveuphomes.com/img/boys-crossing-canal-over-rocks-a.jpg" /></p> <p>The Serra Cross Park is an iconic landmark and <strong>one of the most popular places to visit in Ventura County</strong>. It's a charming attraction. That's why many couples choose it for their weddings.</p> <p>Serra Cross Park features some of the most breathtaking views this city has to offer, towering eucalyptus trees, benches, and more. It's no wonder why one of the best things to do in Ventura for couples is going on a date at this beautiful park.</p> <p>Feel free to take as many photos as you want, sit by a bench, and watch the spectacular sunset views.</p> <h2>Museum of Ventura County</h2> <p>When Dr. Cephas Bard came to Ventura after the Civil War and started accepting Spanish, Chumash, and Mexican historical objects instead of cash for his services, he didn't know his collection would become the heart of today's Museum of Ventura County.</p> <p>In 1913, he opened his collection to the public as the Pioneer Museum. The museum moved to the new building near Mission San Buenaventura. And today,<strong> the museum strives to interpret, preserve, and celebrate Ventura County's culture, art, and history</strong> through collections, exhibitions, research, programs, events, library, and a myriad of publications. In 2011, the Agricultural Museum was added.</p> <p>Visiting the Museum of Ventura County is one of the best things to do in Ventura if you're a history lover. The most significant collection is the Fine Arts and Historical Artifacts, with more than 30,000 artworks and historical objects, including pieces of Omar D'Leon, John Nava, Jessie Arms Botke, Horace Bristol, and Beatrice Wood.</p> <p>It also includes over 200 historical figures by George Stuart, the Ojai historian and artist. There's also a collection of artifacts of Ventura's early inhabitants.</p> <h2>Ventura Harbor Village</h2> <p><strong>Ventura Harbor Village boasts seaside attractions</strong> and avenues to relish the ocean. You'll find a plethora of ocean-inspired retail shops and things to do, including beach volleyball courts, boat rentals, and whale watching. Here, you can enjoy a variety of fresh seafood - from fried lunch baskets to exclusive dinner entrees.</p> <p>Harbor Village is the departure point for Channel Islands National Park. Visitors usually catch a ferry from Island Packers to get to the Channel Islands.</p> <p>You can also just walk around the Harbor Village and enjoy the coastal atmosphere, including the many boats moored in the harbor. Moreover, Ventura Harbor Village is pet-friendly, which is best illustrated during the annual pet costume contest every October.</p> <h2>Marina Park</h2> <p>Marina Park is an oceanfront paradise encompassing around 15 acres. It includes various family-friendly amenities, making it a top choice for both locals and tourists seeking fun.</p> <p>Some of the amenities you can find at Marina Park are a small beach, a dock, a playground for kids, and a sandy volleyball court.</p> <p>That said, <strong>one of the most entertaining things to do in Ventura County is to have fun with your companions at Marina Park </strong>while enjoying activities like learning how to sail, playing beach volleyball, picnicking, paddleboarding, fishing, kayaking, and so much more!</p> <h2>Surfers Point Beach</h2> <p>Surfers Point Beach is located at the mouth of Ventura River, next to Seaside Park. The river flows behind the beach, creating a lagoon that is a habitat for various species of birds.</p> <p>The beach point faces south, making the waves curl around it, rolling inconsistently. And<strong> surfers can ride these waves as far as the Ventura City Pier</strong>.</p> <p>Windsurfers and kiteboarders start their show as soon as the wind picks up at the west of the point. Emma Wood State beach also sits at the west of the point. Meanwhile, the Seaside Park and the Promenade are to the east, and this path brings you straight to the pier.</p> <p>Heading to the Surfers Point Beach is also one of the best things to do in Ventura, as the beach has several picnic tables, benches, showers, and restrooms. However, it may not be the best place to swim due to the unpredictable waves.</p> <h2>Downtown Ventura: Main Street</h2> <p>Downtown Ventura is a<strong> busy place with many local dining and shopping opportunities</strong>, located a few blocks from the ocean on the other side of the 101. Main Street is running through the heart of the community, with storefronts stretching for more than five blocks.</p> <p>The city recently shut down much of Main Street to vehicle traffic, allowing a pedestrian-friendly promenade to conquer the street and restaurants to expand their patio seatings.</p> <h2>Lake Casitas Recreation Area</h2> <p>The Lake Casitas Recreation Area is <strong>one of the most popular tourist hotspots</strong> offering a variety of recreational activities. When looking for the best thing to do in Ventura with your travel companions, consider visiting the Lake Casitas Recreation Area.</p> <p>It's the perfect destination to go on a retreat in nature while taking advantage of its amenities, including campgrounds, picnic areas, a waterpark, and attentive staff, and enjoying numerous fun activities.</p> <p>For example, you can enjoy boating, kayaking, canoeing, having fun at a water park, pitching a tent, and having a lakefront picnic, to name a few.</p> <h2>Emma Wood State Beach</h2> <p>Emma Wood State Beach Park, located about two miles west of Ventura, is <strong>popular among fishermen</strong> who go there for corbina, bass, cabezon, and perch, but you can also go there to swim and surf.</p> <p>This area has such a rich population because the Ventura River forms the Ventura River Estuary at the southeast end of the park, creating a feeding ground for many fish species and excellent habitat for other wildlife, including great blue herons, raccoons, and various songbirds.</p> <p>You can also see dolphins swimming offshore. Exploring this park is interesting even if you don't enjoy fishing. There are ruins of a coastal artillery site from WWII if you're into history. Or you can just enjoy a stunning view of the Channel Islands.</p> <h2>Channel Islands National Park</h2> <p>Channel Islands National Park contains five wild islands off the coast of Central California and the miles of the surrounding ocean. Visiting Channel Islands National Park is different than visiting other national parks in California because different logistics apply to a day or weekend trip due to their island status.</p> <p>From Ventura, the most common and picturesque approach includes catching an Island Packers ferry from Ventura Harbor Village. The most frequent ferry rides visit Anacapa Island and Santa Cruz Island, where you can <strong>enjoy entertaining activities</strong> like camping, hiking, and photography. Inspiration Point on Anacapa Island is one of the most fascinating views in the park, so make sure to experience it.</p> <p>Santa Barbara Islands, San Miguel, and Santa Rosa receive fewer ferry rides but offer a wilder experience. There are no services on these five islands, so ensure you pack some food, water, and garbage bags.</p> <p>Other ways to experience the Channel Islands include snorkeling and diving through kelp forests, kayaking through sea caves, and observing wildlife, including whales, dolphins, and sea lions.</p> <h2>Falling in Love with Ventura</h2> <p>Now that you know all the fun things to do in Ventura and the beautiful places to visit, you can plan your next adventure. There’s a possibility you’ll fall in love with this place and want to move there permanently.</p> <p>In that case, don’t hesitate to sell your previous house to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We’ll buy it for top dollar, and you won’t even have to repair it - we’ll buy it as it is. So, feel free to contact us and<a href="https://sleeveuphomes.com/request-offer"> request a cash offer</a>. We’ll be happy to hear from you. And if you don’t like our offer, we’ll just go separate ways, fuss-free!</p> <p></p> <p></p>
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            • short_descriptionPlanning your next trip? Consider visiting Ventura County and all its wonders and discover the best things to do in Ventura for a majestic experience!
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            • title10 Things to Do in Riverside
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/things-to-do-riverside-california" }, "headline": "Ten Things to Do in Riverside on Your Next Weekend Getaway", "description": "10 Things to Do in Riverside", "image": "https://sleeveuphomes.com/files/blog/f6e17b7e-f778-42ec-a453-a613cc2e246a_california-sunrise-riverside-beautiful-things-to-do.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-17", "dateModified": "2022-06-17" } </script> <p>Looking for a place to get away for the weekend but want to discover new parts of Southern California? Look no further than Riverside - a place 60 miles away from LA, bordered by the Santa Ana River. There are many things to do in Riverside, as it has a lot to offer for romantic couples, families, nature and art enthusiasts alike.</p> <p>Riverside is an eventful city, most famous as the place where the citrus industry was born. It is a radiant place, with young people everywhere, as the University of California brings many students to this city.</p> <p>From hiking trails to museums - we got you with this list we created for your next weekend away. Get inspired to explore the birthplace of California's second gold rush.</p> <h2>1. Mission Inn Museum and Hotel</h2> <p><img alt="mission inn courtyard riverside california beautiful attraction" class="img-fluid" src="https://sleeveuphomes.com/img/mission-inn-courtyard-riverside-california-beautiful-attraction.jpg" /></p> <p>Source: <a href="https://www.google.com/imgres?imgurl=https%3A%2F%2Fdynamic-media-cdn.tripadvisor.com%2Fmedia%2Fphoto-o%2F11%2F0d%2F49%2F09%2Fmission-inn-courtyard.jpg%3Fw%3D1200%26h%3D-1%26s%3D1&imgrefurl=https%3A%2F%2Fwww.tripadvisor.com%2FAttraction_Review-g32978-d104583-Reviews-Mission_Inn_Museum-Riverside_California.html&tbnid=r7zpFu-c7yJHFM&vet=12ahUKEwjW8cHamLT4AhVNP-wKHc7wCw8QMygAegUIARC6AQ..i&docid=Va73-lFAQm-weM&w=1200&h=800&q=Mission%20Inn%20Museum%20and%20Hotel%20Riverside%20California&ved=2ahUKEwjW8cHamLT4AhVNP-wKHc7wCw8QMygAegUIARC6AQ">Mission Inn</a></p> <p>Let's start with Riverside's landmark - the Mission Inn Museum located in the hotel and spa resort with the same name. It is one of the longest-running hotels in the States, opened in 1876 as a boarding house, and expanding since. The key figure for Riverside's development is Frank Miller, who founded the Mission Inn hotel and took care of it until his death in the 1930s.</p> <p>The Mission Inn Museum is an homage to Miller, who was a collector and an art enthusiast, which prompted him to travel around the globe and bring valuable items to Riverside. The museum also follows Inn's impact on the community throughout the years, and the Mission-Revival movement in Riverside.</p> <p>Visiting Mission Inn is of the first things to do in Riverside when you arrive because it will tell you a story of the city which you can later explore on your own. If you make advance reservations, you might even get to stay in the Mission Inn Hotel, a place that many former US Presidents picked as their place of comfort during business travels.</p> <h2>2. Box Springs Mountain Reserve Park</h2> <p>More than 3400 acres of land over Riverside is part of the Box Springs Mountain Reserve Park. Hiking enthusiasts deem this place as one of the best things to do in Riverside, and we know why. Even the recent wildfires could not take away the beauty and rugged charm of this Box Springs Mountain.</p> <p>The wildflower-viewing season is when this place is in its prime time, but don't avoid it during other times of the year, as the views of Riverside and Moreno Valley are impeccable. There are designated picnic sites, free parking, and other amenities for visitors.</p> <h2>3. Fairmount Park</h2> <p>Visiting Fairmount Park is the best thing to do in Riverside if you are on a budget, as the entrance is free year-round. This city park offers many activities to its visitors, on top of being a green oasis for people looking for shade.</p> <p>There is a beautiful Lake Evans in the middle of the park, you can rent a boat, pedal boat, or just enjoy fishing. Note that the fish from Lake Evans is not eatable, so fishing is just for sports!</p> <p>This public park has everything a family vacation needs: golf and miniature golf courses, tennis courts, lawn bowling, and many more outdoor activities.</p> <p>This place tells the story of a 150-years-old park with strong influences from the Mission style, as seen on that bandshell in the middle, constructed by an architect Benton in 1920.</p> <h2>4. Castle Park</h2> <p>Some people would say that Castle Park is the best amusement park in this area, and enjoying it would be one of the best things to do in Riverside if you have kids.</p> <p>There are outdoor pools with slides, fun rides, and you can visit the Duke's Marry Village. A special waterpark area is opened during summer and it's called Buccaneer Cove, with a plethora of interactive water elements.</p> <p>If you want to stay dry and like spooky stuff, the most fun thing to do in Riverside has to be the Ghost Blasters part of the Castle Park - the Scooby-Doo-themed dark rides await you there.</p> <h2>5. Heritage House</h2> <p>Heritage House is a historic museum built as a residence for Catharine Bettner in the 1890s. Catharine was a widow of a renowned businessman who was one of the first people in the citrus industry.</p> <p>This Queen Ann Victorian-style building now serves to tell a story of Riverside's history during the turn-of-a-century period. This Magnolia Street gem represents not only RIverside's heritage but of whole Southern California.</p> <p>There are many things to do in Riverside, but Heritage house is probably the most eclectic place to visit, where you can learn about California's second gold rush - the booming of the citrus industry.</p> <h2>6. Metropolitan Museum</h2> <p><img alt="metropolitan museum riverside california" class="img-fluid" src="https://sleeveuphomes.com/img/metropolitan-museum-riverside-california-.jpg" /></p> <p>Source: Riverside <a href="https://en.wikipedia.org/wiki/Museum_of_Riverside#/media/File:Museum_of_Riverside.jpg">Metropolitan Museum</a></p> <p></p> <p>Downtown Riverside is packed with museums of art and history, but we must not forget to name one of the most popular of all - the Riverside Metropolitan Museum. Down the street from Mission Inn Hotel, this museum houses more than 100,000 items displayed in permanent and temporary exhibitions.</p> <p>If you are someone who enjoys learning about American war history, visiting the Metropolitan Museum will be the best thing to do in Riverside. Hundreds of items from the Civil War, WWI, and WWII are showcased in the permanent collection called "Force of Arms: Riverside's Participation in American Wars".</p> <p>Moreover, there are natural history artifacts on display, for those who want to learn more about Riverside’s flora and fauna evolution. Riverside Metropolitan Museum is truly a place to get lost track of time, learn, and enjoy.</p> <h2>7. Riverside Ballet</h2> <p>Riverside is a proud place of ballet art. There are a few things to do in Riverside for ballet lovers, one is more traditional and the other is a mix of ballet and indigenous and Southamerican dances.</p> <p>You can visit Riverside Ballet shows in the Riverside Fox Center, the heartbeat of this city’s music art scene. A local dance group Ballet Folclorico de Riverside is also an active ballet dance group, and you can catch them on your next trip if you are lucky!</p> <h2>8. Citrus State Historic Park</h2> <p><img alt="california citrus state historic park riverside california attractions" class="img-fluid" src="https://sleeveuphomes.com/img/1 california-citrus-state-historic.jpg" /></p> <p>Source: <a href="https://api.trekaroo.com/photos/flickr_cache/78684/78684.jpg">California Citrus State Historic Park</a></p> <p></p> <p>California Citrus State Historic Park is an homage to two orange trees planted by Eliza Tibbets in 1873, that created the successful development of the citrus industry. This changed the course of the history of Southern California, and Citrus State Park shows just that.</p> <p>Citrus's open-air museum has numerous trails and activities for visitors of all ages. Plus, fresh and pristine-quality fruits are still available for purchase and grown right there in the park. There are many organized workshops, especially for children - so this might be the best thing to do in Riverside for an outdoor-oriented family.</p> <h2>9. Drive-In Theatre</h2> <p>There is nothing like an old-school date, so the most romantic thing to do in Riverside with a partner is to go visit the drive-in theatre. There are two, but we recommend going to the one on Opal Street, as it is a landmark and you will have a more vintage experience.</p> <h2>10. Mount Rubidoux</h2> <p><img alt="mt rubidoux riverside california" class="img-fluid" src="https://sleeveuphomes.com/img/mt-rubidoux-riverside-california.jpg" /></p> <p>Mount Rubidoux Park awaits you west of Downtown Riverside, where you can hike along the Mount Rubidoux Trail. However, hiking is not what this remarkable place is famous for - it is its important role in Riverside’s history.</p> <p>A white cross stands in the name of Father Junipero Sierra at the place where the first non-denominational outdoor Easter service took place in 1909. Mount Rubidoux Park is a state park, so this caused controversy, which prompted the city to sell the cross and the land around it to Totally Mt. Rubidoux, a civil group that gathered local people and organizations.</p> <h2>You Might Like It so Much, You Would Want to Move…</h2> <p>Don’t rule out that you will fall in love with this city’s charm so much, that you might want to move. And why not? LA and San Bernardino are just 50 miles away in both directions, the ocean is near, but far enough - you don’t have to experience those summer crowds… Should we continue?</p> <p>If you do decide to sell your house and move to Riverside, that could also be because the real estate market is much more affordable than in other SoCal counties.</p> <p>Contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>, we will make it easy for you by buying your current home for top dollar, as-is. No need to worry about curb appeal or fresh paint on the walls - we got you. Contact us today and <a href="https://sleeveuphomes.com/request-offer">get your offer</a>!</p>
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            • short_descriptionRiverside has a lot to offer for romantic couples, families, nature and art enthusiasts alike. We made a list of things to do to inspire your next trip.
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            • titleThe 10 Best Coastal Cities in the US
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/best-coastal-cities-in-the-us" }, "headline": "The 10 Best Coastal Cities in the US", "description": "Planning to move to one of the best coastal cities in the US? Read on to gain insight into the top 10 coastal cities where you can start a new life.", "image": "https://sleeveuphomes.com/files/blog/b50d8677-9d49-47d9-b991-1082ba1dad6a_happy-family-celebrating-moving.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-07-25", "dateModified": "2022-07-25" } </script> <p>Dreaming of a laid-back, beach lifestyle? Planning to move to one of the best coastal cities in the US? In this text, you will gain an insight into <strong>the top 10 coastal cities where you can start a new life</strong>, alone, with your partner, or with family. You will be able to build an ideal business and family life and you will have a wide choice of places where you can do your favorite activities.</p> <p>Each of them has its own charm and specific positives and negatives, and it's up to you to decide which one suits you best. So let's get started!</p> <h3>Miami, Florida</h3> <p><img alt="Miami Florida Landscape" class="img-fluid" src="https://sleeveuphomes.com/img/miami-florida-landscape.jpg" /></p> <p>Miami is a coastal city in southeast Florida, in the United States. Miami is the main center and leader in trade, culture, art, and tourism. Still, it is also the second wealthiest city in the USA regarding purchasing power, so it can be said that the city is ideal for daily life.</p> <p>This coastal city is an ideal place for those who want to live life to the fullest because it offers great opportunities for various life activities and entertainment. It is a very lively city, so those who like an exciting life can settle here and enjoy the special vibe that this city offers.</p> <p>This most famous sunny city of Florida, with stunning beaches and a large number of residential buildings, shopping centers, restaurants, and even cultural attractions makes for a great location to live. If you are a fan of recreation and enjoying the beach with your family, Miami is the right place to buy a house.</p> <h3>Santa Monica, California</h3> <p><img alt="santab monica california sunset" class="img-fluid" src="https://sleeveuphomes.com/img/santa-monica-california-sunset.jpg" /></p> <p>Santa Monica is a coastal town located west of Los Angeles. Life in Santa Monica is highly ranked because of the relaxed lifestyle, but also the various amenities that this city has.</p> <p>Downtown Santa Monica is the busiest part of the city and the epicenter of all activities. There are several neighborhoods in this city that are specific in their uniqueness, so everyone can find something for themselves. Given that Santa Monica is home to many notable businesses, this is a place where you can have a successful business life.</p> <p>Downtown Santa Monica, Ocean Park, and Sunset Park are just some of the places where you can build a house and start a family life. The weather is ideal throughout the year, and for this reason, the city offers unique activities for both adults and children. What is very important is that you will be very safe - it is just one of the <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">safest cities in California</a>.</p> <h3>Boston, Massachusetts</h3> <p><img alt="Boston has such a rich history" class="img-fluid" src="https://sleeveuphomes.com/img/boston-has-such-a-rich-history.jpg" /></p> <p>Boston is the most populous city in Massachusetts, which certainly makes it a good place to start a career, and family life, and pursue all of your interests.</p> <p>Boston is a city that is ahead of the rest when it comes to entrepreneurship and innovation and is also a center of scientific research. Due to a large number of universities and colleges, Boston is a leader in higher education, especially when it comes to medicine, law, and engineering.</p> <p>This coastal city is among the most expensive cities in the US, but it is also one of the best New England cities on the East Coast. It offers ideal housing options, architecture, restaurants, and rich history, which makes it an ideal home for you and your family.</p> <h3>Oahu, Hawaii</h3> <p><img alt="oahu hawaii beach view" class="img-fluid" src="https://sleeveuphomes.com/img/oahu-hawaii-beach.jpg" /></p> <p>Oahu is the third largest Hawaiian island and is a fusion of east and west, i.e. a contrast of ancient and modern. There are many activities at your disposal that will make your life on this island relaxed, but also attractive. For example, you can find excellent accommodation and authentic restaurants.</p> <p>The contrast is about the busy city life and at the same time the relaxed surfing town. Does this sound interesting to you? if you are adventurous and want exciting activities to spend with your loved one, friends, or family, you can settle in one of the best locations to enjoy in Hawaii.</p> <p>Enjoy the beautiful beaches with white sand, do various outdoor sports activities, and, of course, feel the aloha spirit of Hawaii and the charismatic and cheerful people with whom you can spend the best moments.</p> <h3>Harbour Island, Bahamas</h3> <p><img alt="colorful row of buildings houses in Bahamas" class="img-fluid" src="https://sleeveuphomes.com/img/colorful-row-of-buildings-houses-in-bahamas.jpg" /></p> <p>This beautiful island in the Bahamas is known for its long, eye-catching pink sand beaches and coral reefs rich in wildlife. If you love nature and want a peaceful and relaxed life, this place is ideal for you. Tampa is one of the best beach towns in the USA to live in.</p> <p>Although this is a stunning place with lots of beaches, this place is very urban at the same time and you can build your home here. The place is full of parks, restaurants, bars, and cafes.</p> <p>A relaxed atmosphere, authentic charm, and warm and friendly people are definitely the main characteristics of this small beach town. Would you like this kind of life?</p> <h3>Long Beach Washington</h3> <p>Long Beach is a city in the state of Washington known for its wide beaches and boardwalks along the Long Beach Peninsula. It is considered an ideal city to stay in, but also to enjoy the beaches on the Washington coast.</p> <p>Because of its length, it should be named "The longest beach on a peninsula in the world,” and now imagine living there and spending your free time on wonderful sunny beaches.</p> <p>This is a really nice place to live on the Pacific coast because it offers you a lot of events, entertainment, and an ideal opportunity to buy a home in this environment. Fresh sea air, charming beaches and seaside villages on the peninsula, culture, and people create an authentic experience and quality of life if you decide to move here.</p> <h3>Ocean Springs, Mississippi</h3> <p>Ocean Springs is a city in Jackson County, Mississippi, the United States that was named one of the 10 Happiest Coastal Cities in 2015. It is very famous for art and culture, so if you are into any branch of art, this is the perfect city for you.</p> <p>This coastal city is considered one of the best places to live in Mississippi. Most of the residents here have their own homes, which means that there are excellent living conditions. The city is full of parks, bars, restaurants, and activities that will complete your everyday life.</p> <p>Also, the town is quiet, so it's great for families, people who like silence, who like to fish and enjoy nature. Do you want to move to one of the best beach towns to raise a family and enjoy yourself with your children? Come to ocean Springs and build your dream house.</p> <h3>Newport Beach California</h3> <p><img alt="newport beach" class="img-fluid" src="https://sleeveuphomes.com/img/newport-beach.jpg" /></p> <p>This is a coastal city in Orange County, California known for its sandy beaches, swimming, and adventurous water sports. The city also has Newport Harbor, which is only for recreation. This is one of the <a href="https://sleeveuphomes.com/mediterranean-summersbest-beach-towns-to-live-in-california">best beach towns to live in California</a>.</p> <p>The shores of this harbor are lined with private homes and docks. It is ideal for recreation with the family, but also for lovers of sailing, fishing, rowing, kayaking, canoeing, and all boat-related activities.</p> <p>Its relaxed lifestyle makes it one of the <a href="https://sleeveuphomes.com/what-are-the-best-cities-to-live-in-orange-county">best places to live in Orange County</a>. There are a lot of housing options, from luxurious and modern lifestyles to simpler ones and even a Californian bungalow.</p> <h3>Hampton Beach, New Hampshire</h3> <p>Hampton Beach is the perfect place for tourists, but also for life in general. This city is known for its large and lively promenade, numerous shops, including many gift shops, and arcades.</p> <p>This is one of the best places to live in New Hampshire as almost everyone owns their own home, so it can be said that the conditions here are ideal to build your home.</p> <p>It is a great area to raise a family and raise your children. People are warm and you will be able to make and maintain close relationships, especially since there are a lot of closed communities.</p> <h3>Ocean City, Maryland</h3> <p>Ocean City is located in Worcester County and is definitely one of the best places to live in Maryland. Here you will have the opportunity to build your own house as the people who live here have their own homes.</p> <p>You will have an urban feeling during your stay in this city. Also, the large selection of parks and restaurants is something that will only make your stay here more beautiful.</p> <h2>Are You Ready to Build a New House in a Beach Town?</h2> <p>If you would like to live by the sea, we hope that in this text you have found at least the most important information regarding the coastal cities throughout the UŠA. We have given you an insight into the top 10 coastal cities, so depending on your lifestyle and the reasons for moving to a new city, you can choose one of these.</p> <p>The process of moving and buying a new house usually involves the sale of an old house, and <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can make the whole process quick and painless.</p> <p>The process of buying a house will go much faster and simpler with us and you will have an individual approach tailored to your needs. Most importantly, we pay top dollar and because we are direct buyers, you will not be paying any agent fees.</p> <p><a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see how much you can get for your property.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/fun-things-to-do-in-san-bernardino" }, "headline": "Top 11 Fun Things To Do in San Bernardino County", "image": "https://sleeveuphomes.com/files/blog/4f4a4356-0fdb-41e2-aa66-95d9a7cf30d1_san-bernardino-county-ca.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://www.linkedin.com/in/zachariah-peterson-391895142/" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-02-03", "dateModified": "2023-02-03" } </script> <p><strong>There’s a wealth of sights, events, and other interesting and fun things to do in San Bernardino County.</strong> This is to be expected, as the County of San Bernardino is the largest county in the country and the 14th most populous one. And it falls within the Inland Empire in California. Does a county need a better pedigree to be considered worth a visit?</p> <p>If it does, we’ll say you can find beaches, deserts, forests, parks, and mountains within San Bernardino County. The only things you can’t find here are the oceanfront and some of California’s <a href="https://sleeveuphomes.com/a-guide-to-california-wine-regions" rel="noopener" target="_blank">more famous wine regions</a>. Yet, this is barely noticeable with all the other fascinating activities in San Bernardino County.</p> <p>But there’s no reason to continue talking in generalities. We’ve made a checklist of the top 11 things to do in San Bernardino County that should top your to-do list if you visit. And yes, there are many other things worth checking out, but we had to narrow down the list. Otherwise, it would barely fit in a book.</p> <p><strong>In any case, let’s explore the beautiful County of San Bernardino and all it has to offer!</strong></p> <h2>When was San Bernardino Founded?</h2> <p>Ah, the city of San Bernardino! <strong>Founded on the sunny shores of California on April 20, 1810, this city has been making history for over 200 years!</strong> It's a place where the sun always shines, the palm trees sway, and the history books come to life. </p> <p>From its early days as a Spanish mission to its booming hub of commerce and industry, San Bernardino has always been a city on the rise. So raise a glass to this fantastic city, and let's explore the rich history, bright future, and stunning places to go in San Bernardino!</p> <h3>How Large is San Bernardino County?</h3> <p>San Bernardino County is one impressive chunk of land! <strong>With a whopping 20,105 square miles, it's one of the largest counties in the United States by area.</strong> Imagine a county so big, it could fit the entire state of New Jersey inside its borders and still have room to spare. Talk about a big backyard!</p> <p>But size isn't everything, and San Bernardino County has plenty <em>more</em> to boast about. From the stunning mountain ranges to the rolling deserts, there's something for everyone in this county. So grab a map, a compass, and a sense of adventure, and feel free to explore the vast and wonderful land and all the <a href="https://sleeveuphomes.com/fun-things-to-do-in-san-bernardino">things to do in San Bernardino county</a>, CA.</p> <h3>What is the Area of San Bernardino Known As?</h3> <p><strong>San Bernardino is part of a larger area known as the Inland Empire</strong>. The Inland Empire is a bustling metropolitan area in Southern California, encompassing San Bernardino and Riverside Counties. This area is known for its rich history, diverse communities, and beautiful natural landscapes.</p> <p>So, visiting the heart of the Inland Empire, where the sun always shines, and the opportunities are endless, is a no-brainer. And we’ve got you covered with a list of the<em> top</em> things to do in Inland Empire, CA and make life-long memories.</p> <h2>What is San Bernardino Best Known for?</h2> <p>Is San Bernardino a good city to pay a visit to? <strong>With a rich and storied history, Sand Bernardino is known for many things and has a little something for everyone</strong>.</p> <p>For history buffs, the historic Route 66 passes through San Bernardino's heart and provides a glimpse into the city's past. There's the stunning San Bernardino National Forest for nature lovers to hike, camp, and explore outdoor activities. And for foodies, there's an amazing variety of delicious cuisine, from traditional Mexican dishes to mouth-watering BBQ and the original McDonald’s.</p> <p>But what San Bernardino is truly famous for is its <em>spirit</em>. This city has faced its fair share of challenges, but through it all, the people of San Bernardino have remained resilient, optimistic, and always looking forward. So, come see what all the fuss is about, and discover why San Bernardino is one of the most dynamic, diverse, and delightful cities in the United States. Trust us when we say that San Bernardino vacations are unmatched!</p> <h3>How Far is the Beach from San Bernardino?</h3> <p>If you're looking to trade the desert for the beach, you won't have to go far from San Bernardino! <strong>In fact, you can be soaking up the sun on the sandy shores of the Pacific Ocean in just a short drive</strong>.</p> <p>Now, exactly how short depends on which beach you choose, but most beaches in Southern California are within a <em>couple </em>of hours' drive from San Bernardino. Before you know it, you'll be feeling the ocean breeze and hearing the sound of the waves.</p> <p>And the best part? After a day at the beach and exploring attractions near San Bernardino CA, you can head back to the comfort and convenience of San Bernardino itself. It's the best of both worlds. So, pack your sunscreen, grab a towel, hit the road, and head to a Sand Bernardino beach!</p> <h2>Top Things to Do in San Bernardino County, CA</h2> <p>If you’re wondering what is there to do in San Bernardino, know that you'll never run out of options! <strong>This county is brimming with excitement and adventures that are sure to please everyone.</strong> Whether you're looking for outdoor thrills, cultural experiences, or just a fun day out with the family, San Bernardino activities won’t let you down.</p> <p>So, without further ado, let's dive into the <em>top</em> places to visit and things to do in San Bernardino County.</p> <h2>1. The First McDonald’s </h2> <p>What to do in San Bernardino County? Well, let’s start off with a bit of Americana. And what’s more American than fast food? The first, original McDonald’s, can be found in the County of San Bernardino on Route 66. The fast-food restaurant isn’t in operation anymore but has been turned into a museum and a State Historic Site.</p> <p>It has the<em> largest</em> collection of pre-Ray Krock memorabilia, and visitors can come in for free. You can find everything from MacDonald’s-related news articles to Happy Meal toys from all over the world. For that matter, the collection keeps growing, as you can bring your own Happy Meal toy and add it to the collection.</p> <h2>2. The National Orange Show Festival</h2> <p>May is one of the <a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house" rel="noopener" target="_blank">best months to put your house on the market</a>, but it’s also the time to visit the National Orange Festival in San Bernardino. Founded in 1911 to promote the citrus industry (a big factor in San Bernardino’s economy), the festival has since outgrown its initial purpose.</p> <p>Nowadays, although still honoring the eponymous fruit, the festival is more of a carnival than anything. Rides, booths, games, and everything else you would expect from a carnival can be found here. However, the onset of the pandemic has caused the festival to shut down live events, but it has since gone virtual. Live or online, this festival is one of the top places to visit in San Bernardino. It will give you a sweet taste of the San Bernardino <em>nightlife</em>!</p> <h2>3. San Bernardino History and Railroad Museum</h2> <p>The museum is located in a Santa Fe depot dating back to 1918. The San Bernardino History and Railroad Museum is a must-see for history buffs and train enthusiasts. It provides a <em>deep dive</em> into the transportation and railroad industry in the United States. </p> <p>Visitors can view a recreated 1910 railroad station, horse-drawn buggies from the 19th century, a fire department wagon from 1890, a fully restored handcar, and much more. In short, this museum tells the fascinating story of the development of the modern County of San Bernardino and the Inland Empire.</p> <h2>4. California Theatre of Performing Arts</h2> <p>Located in downtown San Bernardino, the California Theatre of Performing Arts was opened in 1928. The San Bernardino Symphony has also called it home since 1929. Musicals, Broadway plays, concerts, dance recitals, and theatrical plays take place here. And the theatre is not just a haven for the arts, but a <em>historical </em>sight in its own right.</p> <p>It still houses the majestic ‘Mighty Wurlitzer’ pipe organ, which you can hear on special occasions. The California Theatre was also the place where early Hollywood movies were test-screened. If you visit here, you are sitting in the same place where world-famous classics like the Wizard of Oz and King Kong were first screened.</p> <h2>5. San Manuel Stadium</h2> <p>The County of San Bernardino isn’t home to a nationally-acclaimed sports team. But what’s the next best thing to do in San Bernardino if you are a sports fan? Visit the San Manuel Stadium, home to the Inland Empire 66ers Minor League team. It may be one of the less well-known San Bernardino attractions, but it’s worth checking out.</p> <p>The season lasts from April to September, and the stadium can house 5 000 people. Besides the standard fare, like hotdogs, popcorn, and beverages, there is a designated area for children with child-friendly attractions. Yet, one of the most impressive sights you can witness here are the firework displays, some of the largest in San Bernardino County, held on special occasions.</p> <p>Another one of the worthy mentions and fun things to do in San Bernardino county, CA is paying a visit to the Regal Stadium 14 San Bernardino, too. </p> <h2>6. The San Bernardino National Forest</h2> <p>Up until now, we’ve focused on venues and attractions, but what truly makes the County of San Bernardino stand out is the <em>nature</em>. There are many things to do in San Bernardino if you prefer the outdoors, and they are mostly located in the San Bernardino National Forest. </p> <p>It spans approximately 680 000 acres and covers parts of the San Bernardino, Santa Rosa, San Jacinto, and San Gabriel Mountains. There is a plethora of vistas, hiking trails, camping, and picnic grounds, trails for horseback riding, and fishing spots to be found here. We’ll cover the most prominent, but we encourage you to explore further.</p> <h2>7. Rim of the World Scenic Byway</h2> <p>You should start by taking a drive along the <a href="https://www.fs.usda.gov/recarea/sbnf/recarea/?recid=74122" rel="noopener" target="_blank">Rim of the World Scenic Byway</a>. This 110-mile-long road will take you along the rim of the San Bernardino Mountains, from Cajon Pass to San Gorgonio Pass. These scenic views are truly one of a kind from this vantage point.</p> <p>While you are driving along this road, you can choose which place you’d like to visit first. It connects all the main San Bernardino attractions, and you will be able to see everything from Big Bear Lake to small San Bernardino County towns nestled in the hills. Just make sure to bring chains if you are coming during winter.</p> <h2>8. Big Bear Lake</h2> <p>Looking for attractions near San Bernardino, CA? The lakes in San Bernardino county are breathtaking and definitely worth visiting.</p> <p>Once you enter the San Bernardino National Forest, it will take about an hour by car to reach Big Bear Lake, one of the most popular ones. Hiking, mountain biking, and fishing are some of the more popular summertime activities and things to do near San Bernardino. But Big Bear Lake is a year-round retreat. So, if you are into snowboarding and skiing or winter hiking, you should not miss out on visiting Big Bear Lake.</p> <p>You can find accommodations in small, locally-owned cottages or patron larger hotels, most of which are nestled on the southern side of the Lake. Big Bear Lake is often called the jewel of the San Bernardino Mountains, so you might want to make it your first stop.</p> <h3>Big Bear Discovery Center in San Bernardino County</h3> <p>If you plan to visit Big Bear Lake, make sure to visit the Big Bear Discovery Center, too. It is run by the Mountaintop Rangers of San Bernardino County and you can find any information you need about the National Forest here, including maps about camping places and mountain trails. You will also find the local natural history museum.</p> <h2>9. Deep Creek Hot Springs</h2> <p>The Deep Creek Hot Springs are naturally occurring hot springs located in the Mohave Desert section of the National Forest. You can bathe in both hot and cold water. The hot springs can be reached by three hiking trails, the first two being approximately 2 miles long and the third one 6.</p> <p>The hot springs are closed to the public from sundown to sunrise and the closest town is Hesperia, so you might want to plan an overnight stay there if you plan to visit here. But, we should note that you might want to skip the Deep Creek Hot Springs if you are uncomfortable with public nudity, as clothing is optional here.</p> <h2>10. Silverwood Lake</h2> <p>Silverwood Lake is another one of the stunning lakes in San Bernardino county – a recreational area within the San Bernardino National Forest located on the West Fork Mojave River. It was created during the construction of the Cedar Springs Dam in 1971. </p> <p>If you are starting from the city of San Bernardino, it will take you about an hour by car to reach it. Boating, fishing, water skiing, and swimming are some of the more popular fun activities here during warmer months. You will also find hiking trails and picnic areas near it. </p> <h2>11. Glen Helen Regional Park & Festival Grounds</h2> <p>We’ll finish our list off our list with the Glen Helen Regional Park (which is not within the San Bernardino National Forest). The park has two lakes and a swimming complex, so it’s your choice whether you want to go for a bit of fishing or down some waterslides. But probably the most impressive sight here is the Glen Helen Amphitheatre. </p> <p>It is the largest outdoor amphitheater in the US and can fit 65 000 people. It hosts many concerts and festivals, and the season starts in March and ends in November. Swimming or concerts aren’t your thing? Then you can go to the San Helen Raceway for some professional and amateur racing. All in all, Glen Helen is one of the most alluring parks in San Bernardino that you should definitely check out.</p> <h2>Looking for More Things to Do in San Bernardino?</h2> <p>If you want to explore every corner and find more fun things to do in San Bernardino County, simply visiting won’t be enough. You’ll need to move here to truly enjoy everything this county has to offer. And <a href="https://sleeveuphomes.com/" rel="noopener" target="_blank">SleeveUp Homes</a> can help you make this dream come true.</p> <p>We buy houses all across Southern California and can buy your house for top dollar. If you are looking to sell your old house and relocate to San Bernardino County, contact us to <a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank">request a no-obligation cash offer</a>. We are direct buyers, so you won’t be paying any commissions, and we’ll take care of all the closing costs.</p>
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            • title7 Best Inland Empire Cities for Every Lifestyle
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/best-inland-empire-cities" }, "headline": "Discover Your Dream Community: The Best Inland Empire Cities for Every Lifestyle", "description": "Looking for a place to call home in Southern California? From urban hotspots to family-friendly suburbs, we explore the best Inland Empire cities.", "image": "https://sleeveuphomes.com/files/blog/6c94ea8d-c836-402c-88d8-8842a86d008a_family-sitting-in-back-of-remova.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://www.linkedin.com/in/zachariah-peterson-391895142/" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-02-24", "dateModified": "2023-02-24" } </script> <p><strong>Are you looking for the perfect place to call home in Southern California's stunning Inland Empire? Look no further!</strong> We've scoured the region to bring you the best of the best. Whether you're a young, ambitious go-getter ready to take on the world, a family looking for a place to put down roots, or a retiree seeking a sun-soaked paradise and a vibrant community to join, there's a city in the Inland Empire that's perfect for you.</p> <p>With unique attractions, top-notch amenities, and various housing options, each of the Inland Empire cities in this diverse region has something special to offer. So grab your sunglasses, hop in the car, and let's explore the best the Inland Empire has to offer to help you find your very own slice of heaven.</p> <p>Ready? Let’s dive right in.</p> <h2>From Scenic Views to Thriving Communities: The Most Desirable Inland Empire Cities to Settle In</h2> <p>Welcome to the vibrant and dynamic region of the Inland Empire, nestled in sunny California! <strong>With its stunning scenery, bustling cities, and diverse communities, this region has something for everyone.</strong> Whether you're seeking a peaceful retreat, an exciting urban hub, or a charming small town, the Inland Empire has it all.</p> <p>Let’s take a deep dive and explore some of the best California cities in the Inland Empire region to help you find your ideal haven and move to your dream home.</p> <h3>1. Riverside: Where History Meets Modernity</h3> <p>Are you ready to experience a city with a rich history and all the modern amenities you need? <strong>Welcome to Riverside, the city that's got it all – from beautiful parks and bustling downtown streets to world-class universities and a rich cultural scene.</strong> This vibrant Inland Empire city is a mix of the old and the new, with historical landmarks and modern infrastructure.</p> <p>Nestled in the heart of the Inland Empire, Riverside is a vibrant and diverse city that offers something for everyone – it boasts attractions like the Mission Inn Hotel, a landmark in the city, and the California Museum of Photography. Whether you're a history buff or a modernist, Riverside has something for everyone. And if you're looking for a place to call home, there are housing options for every budget, from cozy bungalows to spacious apartments.</p> <p>What are the <a href="https://sleeveuphomes.com/where-to-live-the-best-cities-in-riverside-county">best places to live in Riverside</a>, California? Whether you're seeking a peaceful suburban enclave or a trendy downtown loft, Riverside's got you covered. Some of the best neighborhoods in the city include charming Wood Streets, with its historic homes and tree-lined streets, and trendy Downtown Riverside, with its hip restaurants and vibrant nightlife.</p> <p>And if you're looking for a more suburban feel, areas like Canyon Crest and Orangecrest offer quiet streets and plenty of parks for families to enjoy. With its sunny climate, excellent schools, and diverse population, Riverside truly has something for everyone.</p> <h3>2. Rancho Cucamonga: The Ultimate Destination for Luxury Living</h3> <p><strong>Rancho Cucamonga is a city that combines the best of suburban living with a touch of urban flair.</strong> This bustling city in the Inland Empire offers a lot – from hiking trails to world-class shopping. Located just south of the San Gabriel Mountains, Rancho Cucamonga is a beautiful and affluent city known for its luxurious lifestyle.</p> <p>The city boasts a variety of parks, like the Etiwanda Preserve and the Cucamonga-Guasti Regional Park, ideal for hiking, biking, and outdoor activities. It also offers the best shopping in the region, with the Victoria Gardens outdoor mall offering high-end retailers and restaurants. So, whether you're an outdoors enthusiast or a shopaholic, Rancho Cucamonga has something to suit your taste.</p> <p>And, with a range of housing options, you'll have no trouble finding the perfect place to call home. Its neighborhoods offer a variety of housing options, from sprawling mansions in the foothills to stylish townhomes in the city center. One of the most sought-after neighborhoods in the city is Victoria Gardens, an upscale shopping and entertainment district that also features luxury apartments and townhomes.</p> <p>For those seeking a more peaceful setting, areas like North Etiwanda and Day Creek offer quiet streets and beautiful parks, perfect for families looking for spacious homes and nature lovers alike. And with its highly rated schools, vibrant community events, and easy access to major freeways, Rancho Cucamonga is a fantastic place to call home.</p> <h3>3. Claremont: A Charming College Town in the Heart of the Inland Empire</h3> <p><strong>Looking for a charming college town with a small-town feel? Then look no further than Claremont, nestled at the foothills of the San Gabriel Mountains.</strong> This is one of the best Inland Empire cities to settle in and is home to the prestigious Claremont Colleges, such as the Claremont McKenna, Harvey Mudd, and Scripps Colleges. The city is also known for its quaint downtown area, where you'll find boutique shops, restaurants, and cafes.</p> <p>For some outdoor fun, you can always head to the Claremont Hills Wilderness Park. Whether you're a student or a retiree, Claremont is a great place to call home. And with housing options ranging from historic homes with stunning architectural details to modern condos with all the latest amenities, you'll easily find a home that suits your style. One of the most coveted neighborhoods in the city is the Claremont Village, a quaint downtown area that features shops, restaurants, and cultural attractions.</p> <p>Other popular areas include the North Claremont foothills, with its sprawling estates and stunning mountain views, and the College Park neighborhood, which is home to the highly esteemed Claremont Colleges. With its excellent schools, easy access to hiking and outdoor recreation, and tight-knit community feel, Claremont is the perfect place to put down roots and start living your best life.</p> <h3>4. Redlands: The Hidden Gem of the Inland Empire</h3> <p>Are you an adventurer at heart? Then you'll love Redlands! This city in the Inland Empire is a hub for outdoor activities, with attractions like the San Bernardino National Forest and the Kimberly Crest House and Gardens. <strong>It’s an adventurous soul’s dream – one of the best cities in San Bernardino county with a wam climate city that embodies Southern California living.</strong></p> <p><strong><img alt="san bernardino california" class="img-fluid" src="https://sleeveuphomes.com/img/banning-california-panorama-2022.jpg" /></strong></p> <p>Take a hike or bike ride in the mountains, or explore the historic sites and museums in town. And when you're ready to relax, you can head to one of Redlands' many parks or enjoy some local cuisine at one of the many restaurants in the area. Whether you're a thrill-seeker or a foodie, Redlands has something for everyone. So, what are the pros and cons of living in Redlands CA, you might ask?</p> <p>Well, it’s a nature lover's paradise, it has a small-town charm and a quaint atmosphere despite being located just an hour away from the bustling metropolis of LA, with a thriving arts and culture scene, from the Redlands Bowl and the Museum of Redlands, to a variety of festivals and events throughout the year. Basically, the only drawback of living in Redlands is its high cost of living and housing, which can make it difficult for those on a tight budget.</p> <h3>5. Temecula: Wine and Adventure Await</h3> <p><strong>Temecula is a city known for its rolling hills, award-winning wineries, and endless opportunities for outdoor adventure!</strong> If you're looking for a place to call home with plenty of natural beauty, great weather, and a thriving community spirit, then Temecula is the place to be! This Inland Empire city is known for its wineries, where you can sample some of the best wines in California.</p> <p>When you're not indulging in some wine tasting, Temecula also boasts a historic downtown area with boutique shops and restaurants, where you can experience the city's unique charm. And when you're ready to settle down, you'll find a range of housing options, from sprawling ranch-style homes to cozy apartments.</p> <p>One of the most popular neighborhoods in the city is the Harveston Lake community, which features a scenic lake, community pool, and charming homes with front porches perfect for enjoying the California sunshine. Other sought-after areas include the Redhawk and Wolf Creek communities, which offer easy access to the city's top-rated schools and scenic golf courses.</p> <p><img alt="grape vineyard" class="img-fluid" src="https://sleeveuphomes.com/img/grape-vine-vineyard.jpg" /></p> <h3>6. Ontario: Where Business and Fun Collide</h3> <p>Located just east of Los Angeles, one of the many cities close to Ontario, California, <strong>Ontario is a fantastic place to call home for those who crave both convenience and character.</strong> The city is home to the Ontario International Airport and close to many freeways, making it very convenient for business and travel. It’s also known for its thriving arts and culture scene, with the Ontario Museum of History and Art and the Cucamonga-Guasti Regional Park providing endless opportunities for entertainment and education.</p> <p>The city is also a shopper's paradise, with the Ontario Mills mall offering over 200 stores and restaurants. And when you're ready to relax, the nearby San Bernardino Mountains provide endless opportunities for outdoor adventure. Its neighborhoods offer a variety of housing options, from quaint bungalows with classic California style to modern apartments with all the latest conveniences.</p> <p>One of the most coveted areas in the city is the Creekside neighborhood, which features spacious homes with plenty of green space and access to top-rated schools. Other popular neighborhoods include the Ontario Ranch community, with its abundance of parks and open spaces, and the historic district of Ontario, which features charming homes and buildings dating back to the early 1900s.</p> <h3>7. San Bernardino: Where the Mountains Meet the Metropolis</h3> <p>With a rich history, a vibrant downtown area, and stunning natural beauty, San Bernardino is a gem of the Inland Empire cities. <strong>Whether you're a young professional seeking a bustling urban scene or a family looking for a safe, friendly community, San Bernardino has it all.</strong></p> <p>Some of the best neighborhoods to settle in include Arrowhead, University Heights, and Kendall Hills – each offering a unique character and charm. Plus, with easy access to hiking trails in the San Bernardino Mountains, the San Manuel Amphitheater, and exciting shopping and dining options downtown, San Bernardino truly has something for everyone.</p> <h2>The Inland Empire Cities That Have it All: Find Your Perfect Match</h2> <p>As you can see, the Inland Empire is a diverse and exciting region with a lot to offer. From the historical landmarks and modern amenities of Riverside to the outdoor adventures and shopping in Rancho Cucamonga, to the charming college town feel of Claremont, the natural beauty and attractions of Redlands, and the unique wine and adventure experience of Temecula, each city is unique. <strong>No matter what your taste or lifestyle, there’s one that is perfect for you.</strong></p> <p>So, which Inland Empire city will you choose to call home? When you’ve made your decision, <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> is here to lend you a hand and turn your dreams into reality in no time. Say goodbye to the headaches and hassle – we’ll buy your house as-is for top dollar. No time and money-consuming renovations, no real estate agent fees, and no daunting <a href="https://sleeveuphomes.com/full-checklist-of-the-documents-required-to-sell-property">paperwork</a>. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> today!</p> <h2>FAQ – Which Inland Empire City is Right for You? Find Your Ideal Destination</h2> <h3>What Are the Best Inland Empire Cities for Families?</h3> <p>If you’re looking for a family-friendly community among the Inland Empire cities, check out Rancho Cucamonga and Temecula! Both cities offer top-rated schools, many parks and outdoor spaces, and safe, family-friendly neighborhoods.</p> <h3>Which Inland Empire Cities Have the Best Schools?</h3> <p>If you're looking for cities with top-rated schools in the Inland Empire, Claremont and Chino Hills are your best bets. Both cities have excellent public schools and are home to some of the top-ranked private schools in the region.</p> <h3>What Are the Most Affordable Cities to Live in the Inland Empire?</h3> <p>For those looking for affordable living options in the Inland Empire, cities like San Bernardino, Fontana, and Rialto offer some of the most affordable housing options in the region. You don't have to break the bank to find your dream home here!</p> <h3>Which Inland Empire Cities Are Best for Young Professionals?</h3> <p>If you're a young professional looking for a vibrant community with plenty of opportunities for growth and climbing the career ladder, check out Ontario, Rancho Cucamonga, Corona, and Riverside. These cities are home to major employers in industries from healthcare and education to manufacturing and logistics and offer a thriving downtown scene with a wealth of cultural and recreational activities.</p> <h3>What Are the Best Inland Empire Cities for Outdoor Recreation?</h3> <p>Head to Redlands and Yucaipa! This is a no-brainer as both cities offer easy access to hiking, biking, and equestrian trails, as well as picturesque parks and nature preserves. It’s a win-win for adventure lovers.</p> <h3>What Is the Cost of Living Like in the Inland Empire?</h3> <p>Compared to other major cities in California, living in the Inland Empire is relatively affordable. While prices may vary depending on the city and neighborhood, overall, the region offers more affordable housing options and a lower cost of living than many other areas in the state.</p> <h3>What Are the Most Popular Attractions in the Inland Empire Region?</h3> <p>The Inland Empire is home to a wealth of attractions for visitors and locals alike. Some of the most fun things to do in the Inland Empire include visiting the Mission Inn in Riverside, the Ontario Mills shopping center, and the historic Route 66 in San Bernardino. The region is also known for its award-winning wineries, amusement parks like Knott's Berry Farm and Disneyland, and outdoor attractions like Joshua Tree National Park.</p> <h3>What Is the Climate like in the Inland Empire?</h3> <p>The Inland Empire is known for its warm, sunny climate, with hot summers and mild winters. While temperatures can reach over 100 degrees Fahrenheit in the summer months, the region enjoys plenty of sunshine throughout the year.</p> <h3>How Do I Choose the Best Inland Empire City for Me?</h3> <p>Ultimately, choosing the best Inland Empire city for you boils down to your lifestyle and personal preferences. Consider factors like job opportunities, schools, outdoor activities, and cost of living when making your decision. Whether you're looking for a family-friendly community, a vibrant downtown scene, or easy access to outdoor recreation, there's an Inland Empire city that'll tick all the boxes.</p>
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            • titleCheapest Places to Live in Southern California
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/cheapest-places-to-live-in-southern-california" }, "headline": "Ultimate List of 7 Cheapest Places to Live in Southern California", "description": "Moving to SoCal? Read this article and find the 7 cheapest places to live in Southern California!", "image": "https://sleeveuphomes.com/files/blog/1603a095-8edd-43b1-add7-2d2d09a85a45_california-sunset.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-03-16", "dateModified": "2024-03-27" } </script> <p>Southern California is known for its pleasant weather, stunning beaches, and bustling cities. If you're looking for sun-drenched destinations, it's <em>the</em> place to be. However, living in this region of the United States can also come with a high price tag. The cost of living and rental prices in major cities like Los Angeles, San Diego, and Santa Barbara can be prohibitively expensive for many people.</p> <p>Thankfully, there are still <strong>affordable places to live in Southern California</strong> that offer a high quality of life. Looking for the cheapest city south of Cali? In this article, we'll look at 10 of the cheapest places to live in Southern California. From small towns to up-and-coming cities, we'll explore the best options for those who want to enjoy all that Southern California offers without breaking the bank.</p> <p>Whether you're a recent college graduate, a young family, or a retiree on a fixed income looking to avoid expensive cities, these X affordable communities are worth considering as your next home. </p> <h2>1. Brawley</h2> <p>Brawley is a town located in the southern part of California's Imperial County. Known for its strong agricultural economy, Brawley relies heavily on year-round farming and is considered one of the most productive agricultural regions in the United States.</p> <p>Brawley's average single-family home price is around $380,000<strong>,</strong> making it one of the cheapest places in Southern California. The town offers a range of affordable housing options, from historic buildings to newer developments.</p> <p>Despite its small size, Brawley offers a vibrant community with a variety of local events and attractions, as well as national parks nearby for recreation and weekend adventures. It is a two-hour drive from San Diego County, and the Brawley price range is far lower than the San Diego cost of living.</p> <h2>2. Adelanto</h2> <p>Adelanto is a small town located in San Bernardino County, California, with a population of around 36,000 residents and a very low crime rate. The town is known for its affordable housing and relatively low cost of living compared to other cities in Southern California.</p> <p>In 2024, the median home price in Adelanto is <strong>around $380,000 – significantly lower than many other cities in the area.</strong> In terms of utilities, Adelanto's costs are lower than many places in California but higher than the national average. This makes Adelanto a popular destination for those looking to own a home in Southern California without breaking the bank.</p> <p>The town is located approximately 2 hours from downtown Los Angeles, making it a popular commuter town for those working in the city. Additionally, it's located near popular destinations like the Mojave National Preserve and Big Bear Lake - ideal for weekend getaways. Overall, Adelanto offers affordable living in a scenic desert setting.</p> <h2>3. Oxnard</h2> <p>Oxnard is part of the greater Oxnard-Thousand Oaks-Ventura County metropolitan area, and it's known for its beautiful beaches, mild climate, and agricultural heritage. One of the most notable aspects of Oxnard is its relatively affordable housing market.</p> <p>Most neighborhoods in <a href="https://sleeveuphomes.com/oxnard" target="_blank">Oxnard</a> have a median home price of around $520,000, which is <strong>considered cheap for a coastal town in Southern California. </strong>This makes Oxnard an attractive option for those looking to live near the beach without paying the high prices of other coastal cities in the region. The city's proximity to Los Angeles and Thousand Oaks makes it a convenient location for those commuting to work, as well as college students.</p> <p>Oxnard is also known for its diverse population, which includes a large Latino community. This diversity is reflected in the city's culinary scene, which features a variety of Mexican and Central American cuisine. Overall, this small town is a rural beauty and an excellent option for those looking for a coastal lifestyle at a more affordable price point.</p> <h2>4. San Pedro</h2> <p>San Pedro is a coastal community at the southern end of the Palos Verdes Peninsula. It's known for its historic architecture, diverse population, and bustling port. This means that it's not a regular candidate for this list.<strong> </strong>Its median home price is around $750K<strong>, </strong>which is much higher than in other towns on this list.</p> <p>However, if you take into consideration the proximity to downtown LA and that it has lower food prices than most of the US, San Pedro is an affordable, family-friendly place. Not to mention that this coastal community has an abundance of exciting amenities, such as Cabrillo Marine Aquarium and Battleship USS Iowa Museum.</p> <h2>5. Morro Bay</h2> <p><img alt="Morro Bay" class="img-fluid" src="https://sleeveuphomes.com/img/Morro-Bay.jpg" /></p> <p>Morro Bay is a charming coastal town in San Luis Obispo County with a close-knit community in an ideal location – halfway between Los Angeles and San Francisco. It's known for its scenic beauty, including Morro Rock, a towering volcanic peak that dominates the coastline.</p> <p>Morro Bay's cost of living is generally higher than the national average, with a median home price of around $700,000. However, there is a diverse range of homes on the market, with listing prices ranging from $400,000 to more than a million dollars. This means there is a wide range of options for families and individuals looking to buy a home in Morro Bay.</p> <p>Renting costs generally range from $1500 to $2000 per month, depending on the size and location of the apartment or house. These prices may seem steep, but they are still lower than many other coastal towns in Southern California.</p> <p>Overall, while the cost of living in Morro Bay may be higher than in some other towns in the Golden State, it offers a diverse community with a range of housing options, excellent schools, and a high quality of life. Whether you're looking for a place to retire, raise a family, or simply enjoy the beach lifestyle (not just on hot summer days), Morro Bay is definitely an affordable beach town worth considering.</p> <h2>6. Moreno Valley</h2> <p>Moreno Valley is a city located in Riverside County, California, and is situated approximately 60 miles east of Los Angeles.<strong> </strong>One of the most notable aspects of Moreno Valley is its<strong> low medical costs, which are some of the lowest in California.</strong> This is due in part to the city's many healthcare providers and hospitals, which offer competitive pricing for medical services.</p> <p>The city is surrounded by mountains, which provide a beautiful backdrop and location for hiking enthusiasts, mountain biking trails, and other outdoor activities. There are also many parks and recreation areas in the city, which offer opportunities for picnicking, fishing, and other outdoor activities. </p> <p>Despite its affordable cost of living, the median household income in Moreno Valley is $70,385, which is relatively high compared to other affordable cities in Southern California. This means that residents can enjoy a high quality of life without having to pay a high cost of living.</p> <h2>7. Indio</h2> <p>Indio is a city located in Riverside County, California, and is situated approximately 130 miles southeast of Los Angeles. The city is part of the greater Coachella Valley region, known for its warm climate, golf courses, and vibrant music and arts scene. Indio also has a relatively affordable housing market.</p> <p>The median <a href="https://sleeveuphomes.com/how-much-are-closing-costs-in-california" target="_blank">home cost</a> is around $530K, which is <strong>relatively affordable compared to many other cities in Southern California</strong>. Additionally, for those who prefer to rent, the average cost of renting as of February 2024 goes from $1,000 to $1,500, depending on the type of apartment you are looking for.</p> <p>Indio is known for its many golf courses and sports centers, as well as the annual Coachella Valley Music and Arts Festival, which attracts thousands of music lovers each year - one of the benefits of city living. Indio is accessible via Interstate 10, which connects Indio to both Los Angeles and nearby Palm Springs, which are a quick drive away.</p> <p>Overall, Indio is a great option for those looking for an affordable place to live in Southern California while still being close to major urban centers like Los Angeles. Its warm climate and range of recreational opportunities make it an exciting and dynamic place to call home.</p> <h2>8. Fresno</h2> <p>Fresno County has a rich history and plenty of opportunities. It was established in 1856, right after the California Gold Rush craze. It got its name from all those ash trees (which, by the way, are called "fresno" in Spanish) that line the San Joaquin River—a natural beauty.</p> <p>Although it's a three-hour drive from the nearest beaches, folks around here get to enjoy being close to amazing spots like Yosemite National Park and the Sierra National Forest, making it the perfect playground for hiking enthusiasts and nature lovers alike.</p> <p>The average rent and housing costs in Fresno, California, are around $1,225 per month as of March 2024. The average cost of a single-family home in Fresno, California in 2024 is $362,989, which is among the lowest in California. Fresno is located in the heart of California’s Central Valley known for its agricultural production, so there are plenty of job opportunities related to farming and agribusiness.</p> <h2>9. Redlands</h2> <p>Redlands, nestled in <a href="https://sleeveuphomes.com/san-bernardino-location" target="_blank">San Bernardino</a> County, is a hidden gem in Southern California. Known for its affordable living options, this charming town offers a vibrant community atmosphere and a fascinating history. The city’s Edwardian and Victorian architecture adds to its allure, making it a delightful place to call home.</p> <p>If you’re seeking an escape from the fast-paced city life, Redlands provides a refreshing change with its tight-knit community and beautiful parks. Whether you’re renting an apartment or considering a more permanent residence, Redlands offers affordable neighborhoods and a variety of housing choices. In 2024, rental costs are around $1,387 per month for a one-bedroom apartment.</p> <p>The monthly rent here won’t break the bank, allowing you to enjoy the town’s sizzling attractions without financial strain. Don’t miss a visit to the iconic Redlands Bowl, a historic outdoor amphitheater that hosts concerts, performances, and cultural events, as well as the San Bernardino County Museum. Experience the warmth and character of Redlands – a city that combines affordability with a rich heritage.</p> <h2>10. Oceanside</h2> <p>Oceanside, the northernmost city in North County San Diego, has a rich history dating back to the 18th century. This coastal gem offers diverse living opportunities and a mix of housing options, from beachside retreats to vibrant communities. Despite its prime location, Oceanside provides affordable neighborhoods for residents. Whether you’re renting an apartment or seeking a more permanent home and decent schools, there are <strong>affordable living options to fit various budgets</strong>.</p> <p>Oceanside’s proximity to the Pacific Ocean means you’re never far from the beach. Enjoy the sun, surf, and sand at popular attractions like Oceanside Pier and Harbor Beach. Also, Oceanside’s vibrant community atmosphere fosters a sense of belonging. Residents come together for local events, farmers’ markets, and cultural celebrations. The city’s Edwardian and Victorian architecture adds character to its streets. </p> <p>Oh, and don’t miss the iconic Oceanside Bowl – an outdoor amphitheater that hosts concerts, performances, and cultural events. It’s a true gem for music and art enthusiasts.</p> <h2>Who Wins the “Cheapest Place to Live in Southern California” Title?</h2> <p>In this blog post, we've explored some of the cheapest places to live in Southern California. However, <strong>it's important to note that the term "cheap" can mean different things to different people.</strong> What may be affordable to one person may not be to another, based on their lifestyle and financial situation.</p> <p>In addition to affordable housing, many of these towns offer a high quality of life, with access to outdoor activities, community events, and cultural attractions. From hiking and biking to fishing, surfing, and enjoying sandy beaches, there are plenty of ways to enjoy the beautiful Southern California landscape without breaking the bank.</p> <p>Looking to sell your home hassle-free and get top dollar for it so you can move home? Sleeve Up Homes will purchase your house as-is, meaning no need to stress about curb appeal, fresh paint, or upgrades. <a href="https://sleeveuphomes.com/request-offer/" target="_blank">Request an offer today</a> and experience the ease of selling with us!</p>
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          • descriptionGet valuable information on home sales, real estate trends, and many more. SleeveUp Homes understands this competitive market and can advise you properly!
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            • titleWhat Are the Companies That Buy Houses and How Do They Work?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-the-companies-that-buy-houses-and-how-do-they-work" }, "headline": "What Are the Companies That Buy Houses and How Do They Work?", "description": "Many sellers aren’t sure what to think about home-buying companies. Read on to learn how companies that buy houses operate.", "image": "https://sleeveuphomes.com/files/blog/42b1cecf-6ca1…2-ba25-71ab87084183_companies-that-buy-houses.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-04", "dateModified": "2021-08-04" } </script> <p class="mb-4">While selling your house to a private buyer is still the norm, companies that buy houses for cash have become more popular in recent decades and have shaken up the real estate landscape. These types of companies are not necessarily a new phenomenon, but they have risen in prominence recently. However, not all companies that buy houses are made equal.</p> <p class="mb-4">Both you and the buyer are looking for the best deal, but how you get to that point is the issue at hand. What works for you might not work for them and vice versa. That’s why it’s important to understand the different types of companies that buy houses so that you know what you’re dealing with.</p> <p class="mb-4">This article will cover the different types of companies that buy houses, how they operate, the general advantages and disadvantages of selling your house to such a company, and what you should look out for to be able to do what’s best for you.</p> <h2 class="mb-4">What’s the Difference Between Private Buyers and Companies That Buy Your House?</h2> <p class="mb-4">For one, most private buyers buy the house to live in, while companies buy it to turn a profit. Secondly, most companies pay in cash, while buyers usually need to take out mortgages or other loans. Finally, most buyers want houses that they can move into with minimal repairs, while the companies are generally fine with buying homes that need some work done.</p> <h2 class="mb-4">The Types of Companies That Buy Houses</h2> <p class="mb-4">First, we should note that there is no hard-set definition for each type of company. The division is essentially based on the way the company conducts its business and what they do with the house once they buy it. That being said, here are the broad categories of companies that buy houses.</p> <h3 class="mb-4">Restoration Companies</h3> <p class="mb-4">Restoration companies are usually local companies that look to buy distressed properties and, as the name implies, restore them. They are usually community-oriented companies that buy houses that need significant repairs done, are under threat of foreclosure, or similar homes where the owners don’t have the means to prepare them for sale, but still want a good price.</p> <p class="mb-4">Restoration companies don’t look to flip houses. Their aim is to buy a home and restore it, so that a new family can move in at some point. In essence, restoration companies look for potential instead of looking at the current state of the property, and that’s why they search for distressed properties.</p> <p class="mb-4"><a hrefs="”https://sleeveuphomes.com/”">SleeveUp Homes</a> is one such company. Because we don’t work with wholesalers, realtors, or agents you don’t pay any commission and we do all of the repairs ourselves, so we can offer you a better price than you would otherwise get for your home, unless you had invested significant time and money into improvements.</p> <h3 class="mb-4">Flippers</h3> <p class="mb-4">Flippers are companies that look to buy houses and flip them quickly. The houses they buy don’t have to be in perfect shape, but they generally can’t be large repair projects either. They’ll do smaller-scale repairs that will add value instantly – such as fixing cracked walls or other cosmetic repairs.</p> <p class="mb-4">Flippers also tend to change the layouts of the house they buy, if they believe that will help them sell it for a higher price. House flippers are often large, national companies. Out of all types of companies that buy houses, flippers are possibly the most common.</p> <h3 class="mb-4">Buy-and-Hold Companies</h3> <p class="mb-4">Buy-and-hold companies tend to buy properties that are in a similar state to the properties that flippers buy – so generally, they don’t consider homes requiring major projects. However, their business model is not about selling houses, but renting them.</p> <p class="mb-4">Buy-and-hold companies can be local, where they do their own repairs and later manage the property in-house. Conversely, some are national companies that outsource some of their operations, while maintaining dedicated teams to handle others.</p> <h3 class="mb-4">iBuyers</h3> <p class="mb-4">The last and newest type of company that buys houses is the iBuyer. iBuyer are large companies that mostly operate in metropolitan areas and use analytics and market data to purchase houses. One of the things that differentiates them from other companies is that they will buy your house without appraising it in person first.</p> <p class="mb-4">This also means that they generally look for homes that are in a rather good shape and more-or-less ready to be lived in right after the purchase. Many iBuyers are fee-based, meaning that they will charge you a fee for the work they put into selling the house later.</p> <p class="mb-4"></p> <h2 class="mb-4">Advantages and Disadvantages of Home-Buying Companies</h2> <p class="mb-4">There are certain advantages but also potential disadvantages to selling your home to a home-buying company. The pros and cons will partially depend on the type of company you do business with and, of course, the way the individual company conducts its business. However, here are the general pros and cons:</p> <p class="mb-4"><img alt="Companies That Buy Houses" class="img-fluid" src="https://sleeveuphomes.com/img/companies-that-buy-houses.jpg" /></p> <h2 class="mb-4">Advantages of Companies That Buy Homes</h2> <p class="mb-4"><strong>You can close quickly</strong>. Most companies that buy houses will make you a cash offer, so they don’t need to appease a lender first. This means that you can close much quicker than if you were selling to a private buyer who needs to have the loan approved. Even closing within the week of the day that your <a hrefs="”https://sleeveuphomes.com/request-offer”">request an offer</a> is not impossible.</p> <p class="mb-4"><strong>No staging or preparations</strong>. When you are going down the traditional route, you’ll need to prepare your home for sale, stage the house, and host showings. This is a stressful and time-consuming process that will go on until you find a buyer. If you decide to sell your home to a company, you completely skip this step.</p> <p class="mb-4"><strong>No repairs</strong>. You can find companies that will buy your house as-is, regardless of the repairs that need to be done. With traditional buyers, you need to fix everything yourself, which can be costly depending on the state of your house. Many home-buying companies are willing to take on repair and restoration projects (depending on the severity), so you don’t have to make that investment.</p> <p class="mb-4"><strong>Flexibility</strong>. When you sell to a traditional buyer, you’ll likely need to move out as soon as the deed is done. Some companies that buy houses are flexible and you can negotiate a later move-out date. You may even be able to rent your old home after the sale, until you’ve found a new house.</p> <p class="mb-4"><strong>No realtor commissions</strong>. This is not common, but you can find home-buying companies that don’t work with realtors; you sell your house directly to them. This means that you can avoid paying the realtor commission (which is usually around 5-6% of the final price) and end up with more money in your pocket.</p> <h3 class="mb-4">Potential Disadvantages</h3> <p class="mb-4">Once again, not all companies that buy houses are the same – you can mitigate the disadvantages by doing business with a company with a good track record. However, here are the potential disadvantages of selling your home to a home-buying company.</p> <p class="mb-4"><strong>Lowball offers</strong>. Some of the companies that buy houses can be predatory and this is the main disadvantage. If they know you are in a rush to sell and have no other options, they may try to lowball you. Some sellers just want to have the cash in hand, so they accept the first offer they get. You can avoid this mistake by taking the time to look at multiple offers and finding one that suits you.</p> <p class="mb-4"><strong>Scams</strong>. As with any type of business, you can encounter scammers that pose as homebuying companies. While they’re not common in this field, they do exist. On a positive note, they are relatively easy to spot.</p> <p class="mb-4">Check if they have a website, whether they list a legitimate address and contact information, and do a bit of background digging. You can always ask for proof of funds – after all, if they are making you a cash offer, they need to have the money on hand. If they refuse to provide you with proof of funds, that’s a major red flag and you should be extremely cautious.</p> <h2 class="mb-4">Should You Use a Homebuying Company?</h2> <p class="mb-4">There’s no right answer here, it depends on your situation and the specific company you want to do business with. If you are willing to invest a lot of time and money into repairing your home, you may get a better deal from a private buyer at some point than if you were to sell to a company that buys houses.</p> <p class="mb-4">On the other hand, if you are looking to sell quickly and don’t have the means to do all of the repairs necessary, companies that buy houses could be your best choice. If you sell to a good company, you can close within the week and get a better offer than you would otherwise.</p> <h2 class="mb-4">Request a Cash Offer</h2> <p class="mb-4">You can contact SleeveUp Homes and <a hrefs="”https://sleeveuphomes.com/request-offer?”">request a cash offer</a>. SleeveUp Homes buys and restores distressed properties in Southern California, sparing you from having to make any repairs or dealing with realtors, all the while helping the community grow and helping a new family find a home.</p> <p class="mb-4">SleeveUp Homes works with all types of homeowners, including distressed property owners and inheritors. <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">We’re not realtors or wholesalers</a>, we buy direct from you and we can give you a cash offer for your property. If you don’t want to go through the process of selling your home on your own, or you need to avoid foreclosure, <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can help. We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers so that we can pay top dollar for your house regardless of its condition.</p> <p class="mb-4">If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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            • short_descriptionMany sellers aren’t sure what to think about home-buying companies. Read on to learn how companies that buy houses operate.
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            • titleLegal Documents Required to Sell a House
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/full-checklist-of-the-documents-required-to-sell-property" }, "headline": "Full Checklist of the Legal Documents Required to Sell a House", "description": "Selling a house is complicated, isn’t it? Let’s make it easier - here is a list of the legal documents required to sell a house, with an explanation for each.", "image": "https://sleeveuphomes.com/files/blog/4be07451-c345-45a3-9486-d69b8f1efb1a_sleeveup-checkllist-of-the-documents.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://www.linkedin.com/in/cesar-gomez-49006a80" }, "publisher": { "@type": "Organization", "name": "sleeveup homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-03-03", "dateModified": "2023-03-03" } </script> <p><span style="color: #4c4c4c;">Bureaucracy could be the worst ‘invention’ in human history. With everything else you need to do to close a sale, bureaucracy is the last thing you want to have on your mind. Unfortunately, there’s no escaping it, but the process can be simplified. That’s why we’ve provided a full checklist of the legal documents required to sell a house.</span></p> <p><span style="color: #4c4c4c;">We hope this article can make the process clearer and get you one step closer to selling your property. However, there’s one caveat – some documents you are legally obligated to have, while some help the process go smoother and it can vary state by state. This article will focus on the documents needed to sell a house in California.</span></p> <h2>The Real Estate Paperwork You’ll Need</h2> <p><span style="color: #4c4c4c;">First, we should note that there are two types of documents needed to sell a house – the documents you’ll always need to provide and situational documents. The first category is not contingent on anything and you’ll always need to have them, while the second will depend on your specific situation. We have categorized them accordingly.</span></p> <h2>Obligatory Paperwork for Selling a House</h2> <p><span style="color: #4c4c4c;">When you are selling a house in California, these are the documents you will always need to have for the sale to go through. Who prepares the documents is another matter – your agent or title company may take care of some of them, while you take care of the rest. </span></p> <p><span style="color: #4c4c4c;">If you are selling personally, without an agent, expect that you will need to obtain them all. So here is the list of the legal documents required to sell a house:</span></p> <h3>Original Sale Agreement and Any Addendums</h3> <p><span style="color: #4c4c4c;">You will need the original or a copy of the original sales agreement, including any addendums that were made. That is the document you signed when you purchased the house from the previous owner. It should clearly display the terms and conditions under which the property was bought and contain disclosures related to the property before the sale was completed.</span></p> <p><span style="color: #4c4c4c;">So, this document includes who bought and who sold the house, where it is located, when it was sold, etc. The original purchase agreement also includes the price you paid for the real estate. </span></p> <h3>Signed Deed</h3> <p><span style="color: #4c4c4c;">You will need the deed that proves that you are the rightful owner of the property. After the sale is complete, you will sign over the deed to the buyer, thereby making them the new owner of the property.</span></p> <p><span style="color: #4c4c4c;">We should clarify that a deed and title are not the same. A deed is the physical, legal document that proves that you are the rightful owner of a property. The title is the legal concept that gives you the right of ownership over the property.</span></p> <p><span style="color: #4c4c4c;">So:</span></p> <ul> <li><span style="color: #4c4c4c;">A deed is a physical document</span></li> <li><span style="color: #4c4c4c;">A title is a legal concept</span></li> </ul> <p><span style="color: #4c4c4c;">Thus, deeds are one of the legal documents required to sell a house, while titles are not. The original deed was signed over to you when you bought the house, that’s for sure. But assuming it was a long time ago, you might not be able to find it.</span></p> <p><span style="color: #4c4c4c;">If you can’t, go to your city’s or county’s registrar of deeds or court clerk’s office (the exact name of the government office varies by location). That is where the deed is recorded and they will be able to give you a copy.</span></p> <h3>Affidavit of Title</h3> <p><span style="color: #4c4c4c;">You will also need an affidavit of title. </span><span style="color: #4c4c4c;"><em>The affidavit</em></span><span style="color: #4c4c4c;"> is not the same document as the deed. The affidavit is a statement of fact – a document that needs to be notarized, wherein you swear that you are the owner of the property (that’s where the confusion with the deed comes from), that the property is not currently being sold to a third party, that there are no liens or unpaid taxes, and that you are not in bankruptcy proceedings.</span></p> <h3>Closing Statement</h3> <p><span style="color: #4c4c4c;">This document will include all the </span><a href="https://sleeveuphomes.com/how-much-are-closing-costs-in-california" rel="noopener" target="_blank">costs associated with the sale</a><span style="color: #4c4c4c;">, so the closing costs, and an agreement on who is responsible to pay for them – you as the seller or your buyer. Your agent or the title company will usually prepare this document.</span></p> <h3>Bill of Sale</h3> <p><span style="color: #4c4c4c;">The bill of sale should include both the seller’s and buyer’s information. It will list what was included in the sale and the final price that was agreed upon. This document is typically prepared by your lawyer or real estate agent with the buyer’s lawyer or agent.</span></p> <p class="mb-4"><img alt="Checklist of the Documents Required to Sell Property" src="https://sleeveuphomes.com/img/sleeveup-homes.jpg" style="width: 800px; height: 534px;" /></p> <h2>Situational Real Estate Paperwork</h2> <p><span style="color: #4c4c4c;">What documents from this category you’ll need to have will depend on your exact situation and possibly what the buyer requests. You </span><span style="color: #4c4c4c;"><em>could</em></span><span style="color: #4c4c4c;"> need (and if you want to be on the safe side, you should) the following documents to sell a house:</span></p> <h3>Home Inspection Results</h3> <p><span style="color: #4c4c4c;">If a </span><a href="https://sleeveuphomes.com/best-way-to-prepare-for-an-inspection" rel="noopener" target="_blank">home inspection</a><span style="color: #4c4c4c;"> was conducted, you’ll want to have the documents on hand. More than likely, your buyer will also have done an inspection so you should have the documents from your own inspection to compare and find any inconsistencies, if necessary.</span></p> <p><span style="color: #4c4c4c;">A home inspection report is generally not obligatory real estate documentation for you, the seller. But imagine this situation - your buyer performs an inspection and claims you have a leaky roof that needs to be replaced. </span></p> <p><span style="color: #4c4c4c;">So they want a concession - you should lower your price by 5k. Wouldn’t you want to have your own expert perform an inspection so that you can make a counter-offer? This kind of situation could be repeated with multiple buyers, which is why it's advisable to have a professional report </span><span style="color: #4c4c4c;"><em>you </em></span><span style="color: #4c4c4c;">can refer to.</span></p> <h3>The Home Appraisal from When You Bought the Home</h3> <p>A <a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work" rel="noopener" target="_blank">home appraisal</a> is typically required by a lender before they approve a mortgage loan. So, if you are selling your house, the bank will have a professional appraisal done to assess the current fair market value of your property.</p> <p>However, you will likely also need to produce the home appraisal report from the time you purchased the home. The original appraisal will likely also need to be supplemented with documents that include any major changes you made to the home - specifically changes that substantially increase (or decrease) the value of the property.</p> <h3>Survey Results</h3> <p><span style="color: #4c4c4c;">This document is used to prove where the property lines are and your buyer may request to see the survey results. You can also use an affidavit that verifies a previous survey that was conducted.</span></p> <h3>Mortgage Information (Including the Payoff Amount)</h3> <p><span style="color: #4c4c4c;">If you have taken out a mortgage on your home, you will need a document that proves how much is still owed and if there are any additional fees. If the mortgage is paid in full, the document should prove that. We should note that your current mortgage balance may not be the same as your payoff amount. </span></p> <ul> <li><span style="color: #4c4c4c;">The payoff amount is how much money you need to pay to settle the terms of your loan, and that includes the interest.</span></li> <li><span style="color: #4c4c4c;">The current balance may not reflect the interest.</span></li> </ul> <p><span style="color: #4c4c4c;">Ask your lender to provide you with the full payoff amount - they are legally obligated to do so.</span></p> <h3>Documents for Inherited Property</h3> <p><span style="color: #4c4c4c;">When you are selling an inherited property, you will need to provide documentation that proves that the home belongs to you. This could include wills and trusts, or any other documents that prove you are the rightful owner.</span></p> <h3>HOE Forms</h3> <p><span style="color: #4c4c4c;">If the property you are selling is part of a Home Owners Association, you will need to supply the rules, regulations, codes, documents related to monthly/annual fees, etc. that apply to your HOA.</span></p> <h3>Proof of Major Repairs or Renovations</h3> <p><span style="color: #4c4c4c;">If you have done any major repairs or renovations that have increased the value of your property, you should have documents proving it. These documents can demonstrate the added value and increase the cost basis of your house, which can </span><a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax" rel="noopener" target="_blank"><span style="color: #007bff;">lower the capital gains tax</span></a><span style="color: #4c4c4c;"> you’ll eventually have to pay.</span></p> <h3>Warranty Information</h3> <p><span style="color: #4c4c4c;">Your buyer may request the home warranty services agreement that explicitly lists what is covered by warranty, for how long, and whether there are any costs associated with it.</span></p> <h3>Disclosure Forms</h3> <p><span style="color: #4c4c4c;">Finally, you will possibly need documents disclosing anything that could affect the buyer’s desire to buy the house. By law, you need to disclose all “material facts” related to your house. </span></p> <p><span style="color: #4c4c4c;">The real estate transfer disclosure statement is the general document that is used. You should list all known issues with your home in it, like malfunctioning appliances, if lead-based paint was used, whether there is any water damage, etc.</span></p> <p><span style="color: #4c4c4c;">You may also need to provide a natural hazard disclosure statement. This is only applicable if your property is on or near any mapped area where natural hazards are likely, such as seasonal flooding, wildfires, if the home is in an airport influence area, if the home is located on fault lines - thus earthquakes happen, etc.</span></p> <h2><strong>Please note that providing disclosure forms is very important, as you could be held liable for any facts related to your home that you failed to let the buyer know about before the sale was completed</strong>. With disclosure forms, the rule of thumb is – if you are unsure if something should be included, include it.</h2> <p class="mb-4"><img alt="Documents Required to Sell Property" src="https://sleeveuphomes.com/img/checklist-of-the-documents.jpg" style="width: 800px; height: 533px;" /></p> <h2>Getting All the Documents Required to Sell Property Seems Overwhelming?</h2> <p><span style="color: #4c4c4c;">If it is, that’s understandable. If you decide to sell your home to </span><a href="https://sleeveuphomes.com/" rel="noopener" target="_blank"><span style="color: #007bff;">SleeveUp Homes</span></a><span style="color: #4c4c4c;">, we will take care of almost all of the legal documents required to sell your house for you and you can always contact us if you are still unsure about anything. Even with the mounds of paperwork needed, you can close within 7 days.</span></p> <p><span style="color: #4c4c4c;">We are not wholesalers, don’t work with realtors, and do all of the repairs in-house, which is why we can offer you top dollar for your property, regardless of the state it’s in. </span><a href="https://sleeveuphomes.com/request-offer" rel="noopener" target="_blank"><span style="color: #007bff;">Request an offer</span></a><span style="color: #4c4c4c;"> and if we make a deal, you can get $10 000 in advance, before you close.</span></p>
            • images{"1":"ef96a828-e721-4587-a6e4-63820d56fef6_sleeveup-checkllist-of-the-documents.jpg"}
            • short_descriptionSelling a house is complicated, isn’t it? Let’s make it easier - here is a list with an explanation of the legal documents required to sell a house.
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            • slugwhat-are-off-market-properties-and-why-does-it-matter
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            • titleWhat Are Off-Market Properties and Why Does It Matter?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-off-market-properties-and-why-does-it-matter" }, "headline": "What Are Off-Market Properties and Why Does It Matter?", "description": "How are off-market properties different from regular ones? Read on to learn what they are and why some people choose to leave their homes off-market.", "image": "https://sleeveuphomes.com/files/blog/eba3e6e2-d667-43e9-9c5f-9d81b0eb6578_off-market-properties.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-26", "dateModified": "2021-08-26" } </script> <p class="mb-4">If you’re thinking of selling your house and started doing some research on how to do it, you’ve probably encountered some terms that realtors use regularly, but might be new to you. One of those real estate terms is off-market properties (or pocket listings, but it’s less common.</p> <p class="mb-4">In this article, we’ll explain what off-market properties are, why the classification is important to you as the owner of the property, and what the potential benefits of selling off-market properties are, as opposed to listing them the traditional way. We hope to provide some insight on how the real estate market works and ultimately help you negotiate a good deal if you decide to sell your property.</p> <h2 class="mb-4">How Are Off-Market Properties Defined?</h2> <p class="mb-4">Let’s start with the basics – what does off-market mean in real estate? Off-market is any property that is for sale but is not listed on an MLS (multiple listing service). All ‘For Sale By Owner’ properties are off-market, as a rule, unless the owner is a realtor and lists the property, as listing properties on an MLS goes through registered realtors.</p> <p class="mb-4">On the other hand, properties that are sold through a real estate broker are rarely, if ever, off-market, due to new rules by the National Association of Realtors – the trade association for those who work in real estate. NAR has actually trademarked the term ‘realtor’, so if someone is advertising themselves as a realtor, you can expect them to be a member of the NAR.</p> <p class="mb-4">Per the NAR rules, real estate brokers are required to list a property on MLS within a day of beginning marketing. However, NAR rules are by no means laws, so they don’t apply to you if you’re not a realtor. Conversely, if you hire a realtor to market your property, they will have to list it on MLS.</p> <h3 class="mb-4">Are There Any Benefits of Not Listing Your Property?</h3> <p class="mb-4">As MLS is likely the biggest source of potential buyers, it may seem counterintuitive to not want to list your home there. But, there actually are advantages to selling off-market properties. The first and likely biggest advantage is avoiding realtor commissions.</p> <p class="mb-4">Because you have to go through a realtor if you want to list your property on MLS, you’ll have to pay them a commission. And the average commission is around 5% of the sales price, which is a substantial amount of money. Let’s say you want to <a href="https://sleeveuphomes.com/orange-county">sell your house in Orange County</a>, where the average price of a home is $915 000.</p> <p class="mb-4">With an average commission, around $45 500 would go to your realtor. That’s quite a lot of money that doesn’t end up in your pocket. Another advantage of not listing your property on MLS is privacy. When your property is listed, details about it become public information that almost anyone can access.</p> <p class="mb-4">People can find out what your asking price is, how much you pay in property taxes, whether you need to make any repairs, the size of the property, etc. Many people don’t like leaving this kind of information in the public domain, so prefer to keep their property off-market.</p> <h2 class="mb-4">How Do Buyers Find Off-Market Properties for Sale?</h2> <p class="mb-4">Because off-market properties are not listed on MLS, that brings us to the next question – how do buyers find off-market properties for sale? For one, a lot of people <a href="https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor">sell their house without a realtor</a>, which includes marketing the property, so realtors, investors, and brokers are always on the lookout for properties for sale in their locality.</p> <p class="mb-4">But often, it comes down to networking. Networking is big in the real estate world, and those in the business are always trying to connect with each other to find new real estate leads. You scratch my back, I’ll scratch yours applies in real estate, as long as all parties benefit.</p> <p class="mb-4">Finally, off-market properties are found through word of mouth. The tried and true method of hearing that a home is for sale and checking it out is something people regularly do. Real estate agents make money by buying and selling real estate, so it’s in their best interest to find as many properties for sale as possible, be they off-market or not.</p> <p class="mb-4"><img alt="Off Market Properties" class="img-fluid" src="https://sleeveuphomes.com/img/off-market-properties-sleeveup.jpg" /></p> <h2 class="mb-4">Are Buyers Truly Interested in Off-Market Properties?</h2> <p class="mb-4">Now, you may be wondering if buyers are truly interested in buying off-market properties, as they often aren’t found through the more official or standard real estate channels. And the answer is simple – <em>yes</em>. Off-market or not, a good deal is a good deal, regardless of how the buyer found the property.</p> <h2 class="mb-4">What’s the Easiest Way to Sell Off-Market Properties?</h2> <p class="mb-4">It can take some time to find a good buyer for off-market properties, but you always have a solution available to you – <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a> can buy your off-market property. If you have a hard time finding a buyer, you can close with us in as little as 7 days.</p> <p class="mb-4">As we are not realtors or wholesalers, you’ll avoid all commissions and get top dollar for your property. <a href="https://sleeveuphomes.com/request-offer">Request an offer</a> and we’ll contact you right away to inspect your house and make a cash offer. And you don’t have to worry about making any repairs or preparing your house – if we can make a deal, we’ll take care of everything and you won’t have to break a sweat.</p>
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            • short_descriptionHow are off-market properties different from regular ones? Read on to learn what they are and why some people choose to leave their homes off-market.
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            • slugwhat-does-pending-mean-in-real-estate-the-impact-on-buyers-and-sellers
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            • autor_nameSleeveUp Homes
            • titleWhat Does Pending Mean in Real Estate? - The Impact on Buyers and Sellers
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-does-pending-mean-in-real-estate-the-impact-on-buyers-and-sellers" }, "headline": "What Does Pending Mean in Real Estate? - The Impact on Buyers and Sellers", "description": "What does pending mean in real estate? In short, that you’ve signed a contract. But there are many variations, all of which you will learn if you read on.", "image": "https://sleeveuphomes.com/files/blog/eb5eea36-9b82…877de8_sleeeveup-homes-pending-in-real-estate.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-26", "dateModified": "2021-08-26" } </script> <p class="mb-4">When you start to do a little research into real estate, regardless if you intend to buy or sell, the process can quickly get confusing when you encounter all of the industry-specific terms bandied around. Then, when you finally start to think you understand enough, you come across the same house listed as pending and contingent on different websites. At that point, it’s natural to ask: What does pending mean? What is contingent? What’s the difference?</p> <p class="mb-4">Understanding these real estate terms is important as they define the status of the property in question. However, there’s an additional catch – these are not legal terms, which means that realtors and listing agents don’t have to use the exact same terms when listing a property. Thus, you may come across different variations of the same concept.</p> <p class="mb-4">In this article, we’ll cover what each of these terms means, the variations, and what the differences are, so that you can fully understand the situation. Once you know what real estate professionals want to convey when using these expressions, slightly different words or phrasing won’t trip you up and you’ll know what the status of a property is and everything that entails.</p> <p class="mb-4"><img alt="Pending In Real Estate" class="img-fluid" src="https://sleeveuphomes.com/img/pending-in-real-estate.jpg" /></p> <h2 class="mb-4">What Does Pending Mean in Real Estate?</h2> <p class="mb-4">Let’s start with the basics. If you are selling a house and you accept an offer from a buyer through a real estate agent, the house will be listed as pending on MLS. This means that you and the buyers have agreed on the price, the terms and conditions, and have executed the contract, so your house isn’t active on the market anymore. However, the house hasn’t been sold yet.</p> <p class="mb-4">Thus, pending in real estate means that a seller has accepted a buyer’s offer on a property, but the property hasn’t been sold yet; however, the property is no longer active on the market. Now, the buyer needs to find the finances required to actually buy the property. Until such a point as the sale actually goes through, the property will be listed as pending.</p> <h2 class="mb-4">Can You Take Offers if Your Home Is Listed as Pending?</h2> <p class="mb-4">Usually, yes, you can take more offers in case the initially agreed upon sale does not go through. This is called a backup offer. However, this does not mean that you can reject the first offer if the second one ends up being better unless the contract you signed has a provision allowing you to do so. The backup offer only comes into play if the conditions of the contract you signed with the first buyer aren’t met and the sale falls through.</p> <h3 class="mb-4">The Different Variations of Pending</h3> <p class="mb-4">As we’ve stated, pending is not the only term used to refer to the same status of a property, so there are multiple phrases meaning the same thing or something very similar. For one, ‘<a href="https://sleeveuphomes.com/under-contract-in-real-estate">under contract</a>’ is a common synonym for pending – it also means that the seller and buyer have signed a contract. Some other variations are:</p> <p class="mb-4"><strong>Pending/Under Contract – taking backups</strong>: the seller is still taking backup offers (but possibly not showing).</p> <p class="mb-4"><strong>Pending/Under Contract – no show</strong>: the seller is no longer showing or accepting offers.</p> <p class="mb-4"><strong>Pending/Under Contract – continuing to show</strong>: the buyer is still showing and accepting offers.</p> <h2 class="mb-4">The Difference between Pending and Contingent</h2> <p class="mb-4">Sometimes, you may find that your property is listed as pending on one website and contingent on others. That’s because some listing agents use these terms interchangeably. However, contingent usually means that a seller is under contract with a buyer, but the offer is dependant on certain criteria being met.</p> <p class="mb-4">In essence, contingent turns into pending when the specific terms of the contract are met. Thus, there is a higher chance of a deal on a house falling through if it is listed as contingent than one regarding a house that is listed as pending. Once again, there are different variations of contingent, so we’ll list the most common ones.</p> <h3 class="mb-4">The Different Variations of Contingent</h3> <p class="mb-4">The variations are based on what you and your potential buyer agreed to in the contract, i.e. what the deal is contingent on, with the most common ones being:</p> <p class="mb-4"><strong>Appraisal Contingency</strong>: Lenders usually require a <a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work">home appraisal</a> to be conducted before they give out a loan. Often, a home needs to appraise for equal to or higher than the buyer’s offer, otherwise, the lender may not issue a loan and the buyer can back out.</p> <p class="mb-4"><strong>Inspection Contingency</strong>: The inspection contingency entails that a buyer can get a professional home inspection performed. Based on the terms of the contract and depending on the results of the inspection, the buyer may back out or the seller may be obligated to make repairs to keep the contract valid.</p> <p class="mb-4"><strong>Financing contingency</strong>: This is a standard contingency in a contract that specifies that the contract is contingent on the buyer securing the appropriate loan. If the buyer is unable to secure financing, they may back out of the contract.</p> <p class="mb-4"><strong>Home Sale Contingency</strong>: This contingency is somewhat similar to the financing one, except the sale going through does not depend on a loan being approved, but the buyer selling their own house to finance the purchase. This contingency is not infrequent, as many buyers need the proceeds from selling their own property before buying a new one.</p> <p class="mb-4"><strong>Title Contingency</strong>: With a title contingency, a title company acquires all public records and other information pertinent to the property being sold. It is used to confirm the owners, that there are no debts, that the deed is legal, etc.</p> <p class="mb-4"><img alt="Agents Working In Real Estate" class="img-fluid" src="https://sleeveuphomes.com/img/pending-in-real-estate-sleeveup.jpg" /></p> <h2 class="mb-4">Common Reasons for Why Homes Listed as Pending Don’t Sell</h2> <p class="mb-4">While it is doesn’t happen often, a ‘pending’ or ‘contingent’ status isn’t a guarantee that your home will sell, so here are some common reasons why deals fall through:</p> <p class="mb-4"><strong>Financing issues</strong>: Whether it’s due to a financing contingency, a home sale contingency in the contract, or the buyer simply not being able to come up with the money for any other reasons, this is the most common cause of homes not selling after a contract has been signed.</p> <p class="mb-4"><strong>Issues with the title</strong>: Sometimes, legal issues regarding the property can make a contract void. For instance, there may be legal complications regarding the heirs of an inherited home. Or, there could be mistakes in the public records, delaying the sale.</p> <p class="mb-4"><strong>The home appraisal is too low</strong>: In a hot real estate market (as it currently is), potential buyers may bid over a home, raising its price. However, an appraisal may determine that the fair market value is much lower than what the final buyer offered. Consequently, the lender may refuse to issue the loan or the buyer would need to make up the difference out of pocket.</p> <p class="mb-4"><strong>Cold feet</strong>: Finally, a buyer may simply back out of a deal, even after signing a contract, because they get scared. Buying a home is one of the largest purchases most people will ever make, so it stands to reasons that some will second guess their decisions and back out at the last second (even if it means they will lose some money).</p> <h2 class="mb-4">Is There an Easier Way to Sell a House?</h2> <p class="mb-4">If you don’t want to take the risk of a buyer backing out of a contract now that you know all of the reasons why they could, contact SleeveUp Homes and <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a>. We pay in cash and do our own repairs, so if we make a deal, you can rest assured that we will follow through. And because we cut out any middlemen, we can offer you the highest price possible for your home.</p>
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            • short_descriptionWhat does pending mean in real estate? In short, that you’ve signed a contract. But there are many variations, all of which you will learn if you read on.
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            • titleSeller’s Rights When Selling a House: What You Can and Can’t Do
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/sellers-rights-when-selling-a-house" }, "headline": "Seller’s Rights When Selling a House: What You Can and Can’t Do", "description": "If you are selling property, it’s important to know what the seller’s rights when selling a house are. This article will explain all you need to know.", "image": "https://sleeveuphomes.com/files/blog/b1424194-872c-4c93-a873-b8babd2f8d37_sellers-rights.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-09-24", "dateModified": "2021-09-24" } </script> <p class="mb-4">Selling a home can easily be equated to a miniaturized national crisis. So many things are going on at the same time that you can easily get swept by the current if you are not properly informed. As a result, it’s of paramount importance to understand what a seller’s rights when selling a house are.</p> <p class="mb-4">You should know what you <em>can</em> and <em>can’t</em> do, as it regards listing your home, accepting and rejecting offers, and adding contingencies in the contract. This article will explain what your rights are when selling a house, so that you can safely and securely close a sale.</p> <h2 class="mb-4">Listing Your Home as You See Fit</h2> <p class="mb-4">A somewhat common misconception is that you can only sell property through a realtor or an agency. This is not true. While <a href="https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor">selling property on your own</a> takes work, you have the right to sell your home as you see fit, including listing where and when you want, taking care of the marketing, having or not having showings, etc.</p> <p class="mb-4">This also means that you are allowed to set the asking price and ultimately negotiate. But take note that just because you can set a high price doesn’t mean you should. The US real estate market is hot right now, which means that you can make good money from a sale, but there is always a balance between how high and how fast you can sell.</p> <h2 class="mb-4">Rejecting Unsuitable Offers</h2> <p class="mb-4">You have the right to reject offers you find unsuitable, however, this is one right that has limits. You are not allowed to discriminate based on protected characteristics. Pursuant to the <a href="https://www.hud.gov/program_offices/fair_housing_equal_opp/fair_housing_act_overview" rel="nofollow">Fair Housing Act</a>, you cannot refuse to sell because of a person’s race, color, national origin, religion, sex, familial status, or disability.</p> <p class="mb-4">This limitation extends to refusing to negotiate, setting different terms or conditions, or even denying that the house is for sale (if the denial would be a lie). So, you cannot treat potential buyers differently based on these protected characteristics. On the other hand, you can freely reject an offer based on the price, the timing, or other conditions they wish to set.</p> <h3 class="mb-4">You Can Ask for Proof of Funds</h3> <p><img alt="Seller’s Rights When Selling a House" class="img-fluid" src="https://sleeveuphomes.com/img/sellers-rights-sleeveup.jpg" /></p> <p class="mb-4">An additional right you have is to ask for proof of funds. The proof of funds is a document demonstrating that your buyer has the financial means to cover the expenses of the sale. The POF is not the same as a preapproval letter for a loan, but usually proves that the buyer has enough money to make the down payment and cover the closing costs.</p> <h3 class="mb-4">Challenging a Home Appraisal</h3> <p class="mb-4">One of the most important home seller’s rights (although situation-specific) is the ability to challenge an appraisal. As most regular buyers will have to get approved for a loan to purchase a home, the lender will almost always demand that a <a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work">home appraisal</a> be performed.</p> <p class="mb-4">The appraisal is used to determine the market value of the home and the amount the buyer can borrow is contingent on it. This can become an issue if the appraisal is well below the asking price. For one, it’s possible that you have set too high a price, which can make for a tough sell. In such a case, you can ask the buyer to make up the difference or lower your price.</p> <p class="mb-4">However, if you are relatively certain that the appraisal was not conducted properly, you have the right to challenge the appraisal. If you end up being correct, it may get you back on track and help the buyer get a higher loan, thus selling your house for more.</p> <h2 class="mb-4">Accepting Suitable Offers</h2> <p class="mb-4">Just as you can reject unsuitable offers, it’s up to you to accept an offer you like. But once again, there are some caveats. If you are selling through a real estate agent and they find you a good offer that you intend on accepting, you can’t just fire the agent and <a href="https://sleeveuphomes.com/is-taking-a-house-off-market-possible-and-what-are-the-steps">take the house off-market</a> to avoid paying the commission, and later accept the offer.</p> <p class="mb-4">Strictly speaking, you can, but you will likely be subject to litigation and end up paying both the commission and additional costs. Consequently, this is not a smart move. But what offer you end up accepting is ultimately up to you.</p> <h3 class="mb-4">Adding Contingencies to the Contract</h3> <p class="mb-4">What you can do is add contingency clauses to the contract – making the sale contingent on certain conditions being met. A time frame contingency for the purchase is common. You can also make the sale contingent on you signing a contract to buy another house so that you have a place to move to. It’s best if you discuss adding contingency clauses with your lawyer.</p> <h2 class="mb-4">Can You Accept Another Offer if You Are Under Contract?</h2> <p class="mb-4">Wanting to back out of a sale after accepting an offer because a better buyer has come along is not uncommon. However, residential real estate laws are firmly on the side of the buyer in this case. You can back out if the buyer does not perform, e.g. doesn’t get approved for a loan, or based on other contingencies you added to the contract.</p> <p class="mb-4">But if the buyer fulfills their obligations and all contingencies are met, you can’t simply back out. You could be sued for breach of contract and forced by a court to sell your house anyway. You could also be held liable for the buyer’s legal fees and fees relating to the sale. However, breach of contract is a civil matter, so it is not punishable by jail time.</p> <p class="mb-4">On the other hand, you <em>can</em> look at other offers while you are <a href="https://sleeveuphomes.com/under-contract-in-real-estate">under contract</a>. You can put another buyer in the backup position. If the deal doesn’t go through, the secondary buyer, with the better offer, can automatically be under contract with you.</p> <h3 class="mb-4">Is the Contract in Writing?</h3> <p class="mb-4">One more thing we should note is that all real estate contracts should be in writing. Oral contracts are usually not binding. So, if you promised to sell your home, but didn’t sign any documents, you should be able to back out of the deal without any repercussions. The same goes for the potential buyer.</p> <h2 class="mb-4">Minding Your Rights and Accepting the Best Offer</h2> <p><img alt="Transfer House Ownership" class="img-fluid" src="https://sleeveuphomes.com/img/sellers-rights-sleeveup-home.jpg" /></p> <p class="mb-4">Ultimately, it’s up to you how you will sell and what offer you’ll accept. If you want to find a buyer that will respect your rights and buy for a fair price, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We’ve seen too many people get low-balled and pressured by wholesalers and realtors into accepting bad offers, which is why we always pay top dollar for properties.</p> <p class="mb-4">Because we don’t work with realtors, you won’t be paying any commission, and you can sell your home as-is, without investing in repairs. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and we will contact you straight away. If you don’t like our offer you can always walk away, no strings attached. But, if you do, you can close within the week and secure your financial future.</p>
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            • short_descriptionIf you are selling property, it’s important to know what the seller’s rights when selling a house are. This article will explain all you need to know.
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            • titleWhat Is Rent Control and How Does It Work
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-rent-control-and-is-it-beneficial-for-tenants-and-landlords" }, "headline": "What Is Rent Control and Is It Beneficial for Tenants and Landlords?", "description": "Rent control has been around for over 70 years, but it is still evolving. Learn what rent control is and whether it’s good for tenants and landlords.", "image": "https://sleeveuphomes.com/files/blog/1f7bce26-4ca1-4b71-9af0-b76949e43646_rent-control-sleeveup.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2021-11-23", "dateModified": "2021-11-23" } </script> <p class="mb-4">Rent control is likely a term you’ve heard thrown around if you are a regular tenant or a landlord. It might have even saved you from rent increases and allowed you to stay in an apartment longer than you would have expected. But what is rent control <em>exactly?</em></p> <p class="mb-4">How does it work and how does it apply in different areas? Is it subject to change? And, finally, is it as <em>beneficial</em> as it seems? In this article, we’ll answer all of these questions and try to focus on the effects of rent control on tenants and landlords.</p> <h2 class="mb-4">What Is Rent Control?</h2> <p class="mb-4">Rent control is an umbrella term for laws that regulate the amount a landlord can charge for rent. But many of these laws also go further and regulate how landlords can terminate short-term rental agreements or not renew leases. These laws are usually in force in particular cities and are not as commonly applicable state-wide.</p> <p class="mb-4">Namely, cities like <a href="https://sleeveuphomes.com/los-angeles-city">Los Angeles</a>, New York City, and San Francisco all have some form of rent regulation. Sometimes, these rent control laws are applicable to larger territories – for instance, Oregon has a statewide rent control law and D.C. has a district-wide one. California has enacted a new rent control law (named the <a href="https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB1482" rel="nofollow">Tenant Protection Act</a>) on January 1, 2020.</p> <p class="mb-4">However, even in an area where rent control applies, not all rental buildings are subject to it. Often, the following are excluded:</p> <ul> <li class="mb-4">Buildings built after a certain year (newer buildings)</li> <li class="mb-4">Luxury apartments that rent over a certain amount</li> <li class="mb-4">Owner-occupied properties that contain 2 – 4 units</li> <li class="mb-4">Condominiums and single-family homes in planned unit developments</li> </ul> <h3 class="mb-4">Vacancy Decontrol and Vacancy Control</h3> <p class="mb-4">Based on how long a property is subject to rent control, it comes in two primary forms: vacancy decontrol and vacancy control. This distinction is essential for both tenants and landlords because:</p> <p class="mb-4">- Vacancy control regulates the rent amount on a property regardless of who is renting, i.e. if a tenant moves out and a new one moves in, rent control still applies.</p> <p class="mb-4">- Vacancy decontrol regulates the amount of rent the current tenant can pay. When the <em>current</em> tenant moves out or is evicted for <em>just cause</em>, rent control and the restrictions no longer apply (unless they would apply pursuant to some other regulation).</p> <p class="mb-4">In essence, just because the previous tenant paid a certain amount in rent for an apartment doesn’t mean you will be paying the same amount if you move into the same apartment. Conversely, <a href="https://sleeveuphomes.com/i-hate-being-a-landlord-what-can-i-do-with-my-properties">if you are a landlord</a>, you may be permitted to increase the rent for a new tenant when a new one moves in, even when rent control is applicable in your location.</p> <h3 class="mb-4">Who Enforces the Laws and Ordinances?</h3> <p class="mb-4">Where rent control is applied, rent control boards (or other equivalent bodies) are authorized to enforce the laws, to a certain extent. For instance, where vacancy control applies, rent control boards set the maximum base rent for each unit. Landlords must also petition the board before raising the rent for reasons other than standard annual increases.</p> <p class="mb-4">However, the rent control boards do not have wide-sweeping authority. If a landlord files an eviction lawsuit, for example, the board usually cannot stop the proceedings. They can, however, impose fines for ordinance violations. Regular legal remedies apply in areas where rent control boards have no authority.</p> <h2 class="mb-4">What Rent Increases Are Permissible?</h2> <p class="mb-4">If vacancy decontrol applies and a tenant moves out or is evicted, the landlord can increase the rent for a unit at will. But if rent control in the form of vacancy control applies, the situation is different. Once again, the particular reasons a landlord can increase rent can vary from location to location, but the following factors are grounds on which rent can be increased:</p> <ul> <li class="mb-4">Regular annual increases</li> <li class="mb-4">Increased operational costs (such as remodeling or higher taxes)</li> <li class="mb-4">Bringing the building up to code.</li> </ul> <h2 class="mb-4">How Are Evictions Handled Under Rent Control?</h2> <p><img alt="Smiling Young Woman Renting Office" class="img-fluid" src="https://sleeveuphomes.com/img/rent-control.jpg" /></p> <p class="mb-4">Vacancy decontrol permits landlords to increase the rent when an old tenant moves out, but that doesn’t mean that a landlord can evict a tenant for any reason. Precisely to avoid landlords evicting tenants in order to increase the rent, rent control laws provide certain restrictions to evictions.</p> <p class="mb-4">The specific restrictions vary from locality to locality, but it is always based on the landlord having just cause to evict. For example, substantial violations of the lease agreement – like not paying rent or moving in people not on the lease, can be just cause for eviction.</p> <p class="mb-4">If the tenant intentionally causes damage to the property or performs illegal activities in the apartment, it can be grounds for eviction. In some localities, if the landlord wishes to move into the apartment or rent it to an immediate family member, they can also evict the tenant.</p> <p class="mb-4">In essence, these laws and ordinances are intended to stop unscrupulous landlords from evicting tenants just to make more money from rent. That also means that not every single infraction can be cause for eviction even if it falls within the wider purview of a theoretical just cause.</p> <p class="mb-4">So, if you are one or two days late with the rent, a landlord can evict you in theory. But in some jurisdictions, you can take it to court and let the judge decide if this one-day tardiness was the true reason you got evicted or if the landlord actually just wanted to increase the rent.</p> <p class="mb-4">However, this would usually require you to hire a lawyer, so the costs and benefits of fighting a wrongful eviction are disputable. At the very least, you can lodge a complaint with the rent control board. As was previously stated, they likely can’t stop the eviction, but at least the landlord may need to pay a fine and may be more honest with future tenants.</p> <p class="mb-4">However, this would usually require you to hire a lawyer, so the costs and benefits of fighting a wrongful eviction are disputable. At the very least, you can lodge a complaint with the rent control board. As was previously stated, they likely can’t stop the eviction, but at least the landlord may need to pay a fine and may be more honest with future tenants.</p> <h2 class="mb-4">Rent Control in California</h2> <p class="mb-4">The recently enacted rent control law in California is a good example of how rent control laws function in general. For one, the state-wide law is superseded by local regulations regarding rent control or eviction if the local regulations provide more protections. So it mostly applies to localities that do not already have some types of rent control laws.</p> <p class="mb-4">Primarily, it:</p> <ul> <li class="mb-4">Restricts the annual increase in rent to 5% plus the local inflation rate, up to a maximum of 10%.</li> <li class="mb-4">Requires just cause for evictions.</li> </ul> <p class="mb-4">An additional stipulation is that these restrictions are not optional, i.e. a tenant and landlord cannot agree that these rules will not apply. However, certain housing is exempt from the law, like building built in the last 15 years, two-unit properties where the second unit is occupied by the owner, and single-family homes and condominiums (under certain conditions).</p> <h2 class="mb-4">Is Rent Control Beneficial to Tenants?</h2> <p><img alt="A Real Estate Agent With a Home Model is Talking to Clients About Renting a Home" class="img-fluid" src="https://sleeveuphomes.com/img/what-is-rent-control.jpg" /></p> <p class="mb-4">Most tenants would agree that rent control policies are beneficial to them. After all, your rent is cheaper and your landlord cannot evict you for any spurious reason. That is enough for most tenants to support rent control measures, but not everybody agrees. And it’s not just disgruntled landlords that can’t make more money who are against rent control.</p> <h2 class="mb-4">Counter-Arguments to Rent Control</h2> <p class="mb-4">The <a href="https://www.naahq.org/" rel="nofollow">National Apartment Association</a> is one of the larger opponents of rent control in the U.S. They state that:</p> <p class="mb-4"><em>“Rent control distorts the housing market by acting as a deterrent and disincentive to develop rental housing, and expedites the deterioration of existing housing stock. While done under the guise of preserving affordable housing, the policy hurts the very community it purports to help by limiting accessibility and affordability.”</em></p> <p class="mb-4">The NAA’s stance echoes the sentiment of various economists and public figures since rent control was introduced post-WWII. The counter-arguments are complex, but they can be simplified to – rent control distorts supply and demand and actually reduces the supply, stymies investment, and lowers the quality of apartments offered.</p> <p class="mb-4">Whether this is one of the rent control myths propagated by big investors or a simple truth is, ultimately, up to you to decide. But focusing on the big picture is a luxury not many have. For most tenants, rent control is a beneficial instrument that provides some level of protection from rent increases and undeserved evictions.</p> <h2 class="mb-4">Are You a Landlord That Can’t Make the Math Work?</h2> <p class="mb-4">If rent control is making your life hard, one option is to sell your property. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys houses across Southern California for top dollar. You can <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> to see what you can get and we guarantee you won’t be disappointed.</p> <p class="mb-4">We are direct buyers and will make any necessary repairs ourselves. So you won’t be paying any realtor commission and we will buy your property as-is. After you contact us and we take a look at your house, you can close in as little as 7 days.</p>
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            • titlePros and Cons of Reverse Mortgage
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-the-pros-and-cons-of-reverse-mortgage" }, "headline": "What Are the Pros and Cons of Reverse Mortgage?", "description": "Taking out a reverse mortgage is a big decision. In this article, we explain what it is and how it works, and what the pros and cons of reverse mortgage are.", "image": "https://sleeveuphomes.com/files/blog/ce8baed5-3cd9-49f4-bd68-0edc29cde6f8_pros-and-cons-of-reverse-mortgage.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2021-12-03", "dateModified": "2021-12-03" } </script> <p class="mb-4">A reverse mortgage is not something that should be taken out lightly. Yes, it may provide a much-needed influx of cash, but it can also cause financial distress in the long term if not handled properly. Like with most loans you can take out, you should understand the pros and cons of reverse mortgage before making the decision.</p> <p class="mb-4">And those pros and cons are highly dependent on the situation you or your parents are in. In this article, we will explain what a reverse mortgage is and how it works, and list the advantages and potential disadvantages. By the end, you will hopefully know enough about a reverse mortgage loan to make an informed decision.</p> <h2 class="mb-4">What Is a Reverse Mortgage?</h2> <p class="mb-4">A reverse mortgage is a loan a homeowner can take out against the equity of their home. The borrower can choose to receive the funds as fixed monthly payments, a lump sum, or a line of credit. A person taking out a reverse mortgage loan does not have to make loan payments, unlike with regular loans.</p> <p class="mb-4">The loan balance of a reverse mortgage is due after the borrower is deceased, moves away, or sells the home against which the loan was taken. Further, the loan needs to be structured in such a way that the borrower, their spouse, or their estate does not need to pay the difference if the loan balance becomes larger than the value of the property.</p> <p class="mb-4">To simplify, a reverse mortgage loan can be considered a type of payment in advance on a home’s equity. The equity is converted into payments and the borrower keeps the title. The loan needs to be repaid only after the borrower dies, no longer lives in the home, or decides to sell the house.</p> <p class="mb-4">Once the loan is due, the house may be sold to pay it off, but the amount that needs to be paid usually cannot exceed the value of the home. For example, this could happen if the market value of the home is lower at the time of sale than it was when the loan was taken out. Similarly, if the inheritors wish to keep the home, they wouldn’t pay more than the appraised value of the house.</p> <h3 class="mb-4">Reverse Mortgage Types</h3> <p class="mb-4">There are 3 types of reverse mortgages, based on who issues the loan and what the purpose of the loan is:</p> <p class="mb-4">1. <strong>Single-purpose reverse mortgage</strong> is a loan that is to be used only for a single purpose as specified by the lender. Examples of a single-purpose reverse mortgage would be taking it out to finance home improvements or pay property taxes. However, single-purpose reverse mortgages are not available everywhere and are only offered by some state agencies and non-profits.</p> <p class="mb-4">2. Home Equity Conversion Mortgages (HECMs) are reverse mortgages that are federally insured and backed by the <a href="https://www.hud.gov/" rel="nofollow">U.S. Department of Housing and Urban Development (HUD)</a>. They can be used for any purpose the borrower finds fitting.</p> <p class="mb-4">3. <strong>Proprietary reverse mortgages</strong> are similar to HECMs in that they can be used for any purpose. However, they are private loans and backed by companies that issue them, thus, they are neither federally insured nor backed by HUD. This type of revere mortgage is usually more expensive than a HECM.</p> <h3 class="mb-4">Who Is Eligible for a Reverse Mortgage Loan?</h3> <p class="mb-4">To qualify to take out a reverse mortgage, you need to meet several requirements:</p> <ul> <li class="mb-4">Be 62 years old or older. Own the home against which you will take out the reverse mortgage.</li> <li class="mb-4">Own enough home equity that the balance for the reverse mortgage loan will pay off (usually above 50%).</li> <li class="mb-4">The home must be your primary residence for the duration of the mortgage.</li> <li class="mb-4">Meet with a HUD-approved mortgage counselor (this is required for HECMs and by many companies issuing proprietary reverse mortgages).</li> </ul> <h3 class="mb-4">How Is a Reverse Mortgage Different from a Home Equity Loan?</h3> <p class="mb-4">Reverse mortgages are similar to home equity loans, so people sometimes get them mixed up. However, there are two crucial differences:</p> <p class="mb-4">1. The borrower does not need a good credit score or to have income to qualify for a reverse mortgage</p> <p class="mb-4">2. The borrower does not make loan payments while alive or occupying the home as a primary residence.</p> <h2 class="mb-4">How Does a Reverse Mortgage Function?</h2> <p class="mb-4">An eligible person can take out a reverse mortgage against their home and the home is now collateral for the mortgage. The lender makes payments to the borrower in the agreed-upon amount, but the borrower will also need to pay interest on the payments. Those interests are rolled into the loan balance and the borrower doesn’t pay them until the loan balance is due.</p> <p class="mb-4">The borrower retains the title of the home. Over the duration of the mortgage, the borrower’s share of equity in the home decreases. When the borrower dies, moves away, or <a href="https://sleeveuphomes.com/what-is-the-best-way-to-sell-a-house">sells the home</a>, the loan balance is due.</p> <p class="mb-4">The home that was used as collateral is sold and the proceeds from the sale are used to pay off the debts – the loan principal, interest, insurance, and any additional fees. Any leftover proceeds go to the borrower or their inheritors. In some situations, the inheritors may pay off the mortgage and retain the home.</p> <h2 class="mb-4">How High Can the Loan Be?</h2> <p class="mb-4">The amount of money that can be borrowed will depend on several factors, including the home’s market value, the share of equity in the home the borrower owns, and the type of reverse mortgage. It should also be noted that any outstanding debts relating to another loan, lien, or home equity line of credit must be repaid first with money received from a reverse mortgage.</p> <h2 class="mb-4">Reverse Mortgage Advantages</h2> <p><img alt="Pros and Cons of Reverse Mortgage" class="img-fluid" src="https://sleeveuphomes.com/img/reverse-mortgage-sleeveup.jpg" /></p> <p class="mb-4">Reverse mortgages can be practical solutions for seniors that need to pay medical expenses, meet the basic costs of living, or simply need a large sum of money to pay other, larger expenses. There are several benefits to reverse mortgages:</p> <h3 class="mb-4">You Can Tap Into Your Equity and Continue Living in Your Home</h3> <p class="mb-4">Home equity is the largest source of wealth for seniors according to the National Reverse Mortgage Lenders Association. According to their <a href="https://www.nrmlaonline.org/about/press-releases/senior-housing-wealth-exceeds-record-8-05-trillion" rel="nofollow">latest report</a>, homeowners 62 and older owned 8.05 trillion dollars in housing wealth in the fourth quarter of 2020.</p> <p class="mb-4">A reverse mortgage is a way to tap into that wealth and meet living expenses. In addition, the borrower retains the title of the house and gets to continue living in it, without making loan payments for the duration of the mortgage.</p> <p class="mb-4">So, a reverse mortgage allows you to turn your home equity into usable money while continuing to live in the home and you don’t need to make loan payments for the duration of the loan.</p> <h3 class="mb-4">A Spouse May Stay in the Home After the Primary Lender is Deceased</h3> <p class="mb-4">If the primary borrower dies while still married, their spouse may continue living in the home, depending on the type of agreement that was signed. However, the spouse would still need to maintain the property and pay taxes, insurance, and regular fees.</p> <h3 class="mb-4">It Can Prevent Foreclosure</h3> <p class="mb-4">One of the benefits of reverse mortgage is that you can use it to <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">prevent foreclosure</a>. The money received from the reverse mortgage loan would need to be used to repay the outstanding debts and you would be losing equity, but at least you could continue living in your house.</p> <h3 class="mb-4">Lenders Can’t Ask For More Than the Home Is Worth</h3> <p class="mb-4">The sale price of the home may be less than what the total loan amount was worth. This could have happened if the real estate market crashes and your property gets devalued. Or, the borrower could have chosen to take regular monthly payments and lived much longer than expected, so the loan ends up larger than the worth of the house.</p> <p class="mb-4">In either case, nobody is liable to pay more than the value of the home. So, even if the home is sold when the loan is due for less than the lender would have hoped, nobody can get stuck with additional debt.</p> <h2 class="mb-4">Reverse Mortgage Disadvantages</h2> <p class="mb-4">However, while taking out a reverse mortgage might be a practical solution to some, it does come with several severe disadvantages.</p> <h3 class="mb-4">You Are Losing Home Equity</h3> <p class="mb-4">One of the main negatives of reverse mortgage is that you are getting money by using the equity of your home. Thus, the more money you get over time, the lower the equity share you own and less can be inherited by your successors.</p> <h3 class="mb-4">Paying the Interest</h3> <p class="mb-4">As with any loan, you are obligated to pay the interest. There are reverse mortgages with fixed rates, but they mostly apply only to lump-sum payments. Generally, the interest rates on reverse mortgages are variable. Variable interest rates increase over time, which means that you will be paying more the longer the loan lasts.</p> <p class="mb-4">And as the interest is rolled into your loan balance which is to be paid from the home’s equity, you are losing more equity as time goes on.</p> <h3 class="mb-4">Paying Fees and Insurance Premiums</h3> <p class="mb-4">Besides the loan principal and the interest, you may also need to pay an origination fee, an up-front insurance premium (2% of the home’s assessed value), ongoing premiums (0.5% of the amount borrowed annually), and service fees while the mortgage lasts. So even besides the interest, you are paying a significant amount of money in premiums and fees.</p> <h3 class="mb-4">You Are Not Exempt from Regular Home Expenses</h3> <p class="mb-4">When you take out a reverse mortgage, you are still the owner of the home. That means that paying <a href="https://sleeveuphomes.com/how-is-the-los-angeles-county-property-tax-rate-determined">property taxes</a>, for maintenance, utilities, homeowner’s insurance, HOA fees, etc. is your responsibility. If these payments are not made, the lender may ask you to repay the loan.</p> <h3 class="mb-4">Are There Alternatives to Reverse Mortgages to Acquire Money?</h3> <p class="mb-4">Taking out a reverse mortgage is not a decision to be taken lightly. And now that you know the pros and cons of reverse mortgage, you may not find the terms favorable. But if you still need a way to turn your equity into money you can use, one option is to contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your house for cash so you won’t need to shop around for new loans.</p> <p class="mb-4">And with SleeveUp Homes, you won’t be paying any realtor commission, closing or other hidden costs, or even have to invest in repairs – we buy homes as-is. You don’t need to make a decision right away. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see how our offer compares to any reverse mortgage option you find.</p>
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            • short_descriptionTaking out a reverse mortgage is a big decision. We explain what it is and how it works, and what the pros and cons of reverse mortgage are.
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            • slugcountries-with-the-best-healthcare-systems
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            • titleCountries with the Best Healthcare Systems and How the US Compares
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/countries-with-the-best-healthcare-systems" }, "headline": "Countries with the Best Healthcare Systems and How the US Compares", "description": "Which are the countries with the best healthcare systems? Read on to learn the answer to this question and find out how the rankings are made.", "image": "https://sleeveuphomes.com/files/blog/475f06fe-f6a5-4128-a777-524771198ee9_healthcare-system.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2021-12-15", "dateModified": "2021-12-15" } </script> <p class="mb-4">Access to health care plays a pivotal role in raising the quality of life for most people. It’s one of those things in life you’d rather not worry about and yet have to. Consequently, healthcare is continually one of the top 3 issues for voters in almost all elections. But not every country does it the same. So, what are the countries with the best healthcare systems?</p> <p class="mb-4">And how does the US compare? The question of health care became even more prominent due to the ongoing pandemic so we’ll try to provide some insight into different healthcare systems. This article will cover the countries with the best health care, how the medical assistance is paid for, and explain the difference to the US healthcare system.</p> <h2 class="mb-4">How Are the Countries with the Best Healthcare System Ranked?</h2> <p class="mb-4">It’s not easy to determine what makes a healthcare system ‘the best’, i.e. what metrics and statistics to use. Here, we will base our ranking on the World Health Organization’s rankings of 191 countries and later supplement it with the <a href="https://www.commonwealthfund.org/" rel="nofollow">Commonwealth Fund’s</a> research (a non-profit that conducts research on health care issues).</p> <p class="mb-4">The World Health Organization measures the performance of health systems <a href="https://www.who.int/healthinfo/paper30.pdf?ua=1#:~:text=Specifically%2C%20overall%20performance%20measures%20how,and%20non%2Dhealth%20system%20determinants." rel="nofollow">based on many metrics</a>. They can broadly be classified into 5 goals: health of the population and health distribution (inequality), responsiveness level and distribution (responsiveness is non-health improving factors of how well people interact with the health system), and fair-financing.</p> <p class="mb-4">A very important factor to note here is that the WHO measures how well a country attains its health care goals in comparison to what it could potentially achieve given the available resources and other non-health determinants.</p> <p class="mb-4">To put it simply, a richer country, like the US, will need to meet higher goals in order to rank better. Hypothetically, the US could have the best medical professionals in the world but still rank low if very few people have access to those medical services.</p> <p class="mb-4"><a href="https://interactives.commonwealthfund.org/2017/july/mirror-mirror/" rel="nofollow">The Commonwealth Fund’s research</a> is narrower. It compares the US healthcare system to 10 other high-income countries based on the care process, access, administrative efficiency, equity, and health care outcomes. Similarly to the WHO, the Commonwealth Fund ranking is not only based on the best medical care a person with access to it can get, but on other factors too.</p> <p class="mb-4">We will start with the 5 countries with the best-performing health systems according to the WHO and explain, in broad strokes, how the healthcare systems of these countries work.</p> <h2 class="mb-4">Which Country Has the Best Healthcare System According to the WHO?</h2> <h3 class="mb-4">1. France</h3> <p class="mb-4">France has the best health care in the world according to the WHO. It has universal health coverage and a statutory health insurance system that covers every citizen. Less than 1% of the citizenry doesn’t have baseline coverage. The government sets the overall strategy and allocates the budget to regional organizations that deliver the services.</p> <p class="mb-4">Statutory health insurance is mandatory and it covers the costs for physician, hospital, and long-term care, and prescription drugs. Patients need to cover co-payments, coinsurance, and physician bills that exceed the charges covered by statutory health insurance. The statutory health insurance is funded by taxes.</p> <h3 class="mb-4">2. Italy</h3> <p class="mb-4">All Italian citizens and legal foreign residents are covered by Italy’s National Health Service, so Italy also has universal coverage. The Italian NHS is funded by corporate tax and VAT. The funds are distributed by the central government to the regional governments which are further responsible for delivering care.</p> <p class="mb-4">Health screenings, primary care, and in-patient care are mostly free. Patients may need to make co-payments for specialty procedures and drugs, but pregnant women, people with chronic diseases, young children, and older adults from low-income households are exempt. Undocumented immigrants also have access to urgent and essential services.</p> <h3 class="mb-4">3. San Marino</h3> <p class="mb-4">San Marino also has a universal healthcare system, supplemented by private healthcare. State healthcare is provided through the national insurance health fund - the Azienda Sanitaria Locale. All employees are obligated to register with the national health funds and their employers pay contributions, deducted from each employee’s salary.</p> <p class="mb-4">Hospitalization, specialized care, and prescription drugs are covered by national healthcare, alongside other basic health care. All things considered, it is not surprising that San Marino consistently ranks as one of the countries with the best healthcare system – the latest available data from 2015 showed that San Marino had the highest proportion of doctors per capita in Europe.</p> <h3 class="mb-4">4. Andorra</h3> <p class="mb-4">The healthcare system of Andorra is publicly funded and complemented by the private sector. Andorra is also considered a country with a universal health care system, although not all medical expenses are fully covered. One thing to note is that Andorra is a very small country, so specialized medical care is often unavailable in Andorra.</p> <h3 class="mb-4">5. Malta</h3> <p class="mb-4">Malta has a public healthcare system and a private one. General practitioners usually provide primary care, while secondary and tertiary care is provided by public hospitals. Healthcare in Malta is free at the point of delivery. Maltese citizens covered by social security and EU residents with a European Health Insurance Card have free access.</p> <h2 class="mb-4">What Is the US Healthcare Ranking?</h2> <p><img alt="Concept of United States National Healthcare System" class="img-fluid" src="https://sleeveuphomes.com/img/us-healthcare-system.jpg" /></p> <p class="mb-4">The United States is far from the top of the countries with the best healthcare according to the World Health Organization. The United States ranks at no. 37 out of 191 countries in overall health system performance.</p> <p class="mb-4">However, such a low ranking shouldn’t be too surprising. Without downplaying the issues that US residents face when trying to access and pay for healthcare, it can’t be ignored that the WHO tends to favor countries with universal health insurance coverage and factors the best potential healthcare a country could provide, not just the current state.</p> <h2 class="mb-4">Which Countries Provide the Best Medical Care According to the Commonwealth Fund?</h2> <p class="mb-4">The Commonwealth Fund’s research compared only 11 high-income countries: the United States, Switzerland, Sweden, France, Germany, the Netherlands, Canada, the United Kingdom, New Zealand, Norway, and Australia. This study measured the care process, access to healthcare, administrative efficiency, equity, and healthcare outcomes.</p> <p class="mb-4">The ranking of the countries with the best healthcare according to the Commonwealth Fund is (some share the same spot and the WHO rankings are in brackets):</p> <ol> <li>The UK (18)</li> <li>Australia (32)</li> <li>The Netherlands (17)</li> <li>New Zealand / Norway (41 / 11)</li> <li>New Zealand / Norway (41 / 11)</li> <li>Sweden / Switzerland (23 / 20)</li> <li>Sweden / Switzerland (23 / 20)</li> <li>Germany (25)</li> <li>Canada (30)</li> <li>France (1)</li> <li>The US (37)</li> </ol> <p class="mb-4">As can be seen, the United States comes last. One of the main reasons is that it doesn’t have universal health insurance coverage and that even US citizens with coverage often pay high out-of-pocket costs compared to the other countries.</p> <h2 class="mb-4">Does the US Healthcare Ranking Change if Other Metrics Are Used?</h2> <p><img alt="Professional Surgeon Doctor Person Working in Hospital" class="img-fluid" src="https://sleeveuphomes.com/img/countries-with-the-best-healthcare-system.jpg" /></p> <p class="mb-4">However, how healthcare performance is measured is of key importance, as is exemplified by the differences in ranks according to the WHO compared to Commonwealth Fund. The most striking difference is that France ranks no. 1 out of 191 countries according to the WHO, while it ranks no. 9 out of 11 according to the Commonwealth Fund.</p> <p class="mb-4">Unfortunately, if the WHO rankings were used to compare these eleven countries, the US healthcare ranking would only go up 1 spot, passing New Zealand. In total, regardless of the metrics used, the United States is not considered one of the countries with the best healthcare system.</p> <h2 class="mb-4">If Worse Comes to Worst</h2> <p class="mb-4">One of the reasons US health care is considered bad is that’s it’s expensive. We hope you never find yourself in this situation, but if you need to sell your house to pay for medical expenses, you can contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>.</p> <p class="mb-4">We are direct buyers that will buy your house for cash and pay the best price possible. Because we don’t work with realtors you won’t be paying any commissions and we’ll take care of the closing costs. You can <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> and if you find the offer suitable, you can close within the week.</p>
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            • slughow-much-does-it-cost-to-build-a-sustainable-house
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            • titleHow to Build a Sustainable House
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-much-does-it-cost-to-build-a-sustainable-house" }, "headline": "Eco Homes: How Much Does It Cost to Build a Sustainable House?", "description": "What are the costs of building a sustainable house? There is a lot of confusion around the topic of how to build a sustainable house, but we got you covered.", "image": "https://sleeveuphomes.com/files/blog/a1a9c420-2e8a-42a4-8c87-bccabf9d9ed7_eco-house.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-01-10", "dateModified": "2022-01-10" } </script> <p class="mb-4">Building your own house from the ground up is both an exciting and scary concept. Every house-building process requires meticulous planning and budgeting, and they will save you time, money, and mental wellbeing. That especially goes if you’re planning to build a green home because the eco-housing field is brim with innovation. You may find lots of its concepts intimidating and unfamiliar.</p> <p class="mb-4">So, we’ve rounded up information that will let you know how much it costs to build a sustainable house and a few pieces of advice on how to build a sustainable house.</p> <h2 class="mb-4">What Is a Sustainable House, Exactly?</h2> <p class="mb-4">The term “sustainable” gets thrown around so often that it became a staple in green-washing campaigns of brands from all parts of the industry. But in this context, a sustainable house is one built to <strong>reduce the negative environmental effect usually brought on by construction and during the house’s lifetime</strong>.</p> <h2 class="mb-4">Characteristics and Benefits of a Sustainable House</h2> <p class="mb-4">A sustainable house can (and should) be:</p> <ul> <li class="mb-4"><strong>Environmentally</strong> sustainable - Such buildings aim to reduce their ecological footprint. That is accomplished by saving energy and water, reducing greenhouse gas emissions, and reducing waste.</li> <li class="mb-4"><strong>Socially</strong> sustainable - A sustainable house is more accommodating to people of limited mobility. It is constructed and designed to prevent injuries, and increase the sense of security of its occupants.</li> <li class="mb-4"><strong>Economically</strong> sustainable - To keep on thriving as a species, we need to focus on turning eco-friendly housing into affordable housing, too. That is why ultra-careful budgeting is required - both to reduce costs during construction and future renovations.</li> </ul> <p class="mb-4">Overall, your sustainable home should be <strong>made out of materials that don’t harm the environment, energy-efficient, durable, flexible</strong>, and <strong>cheaper to run in the long term</strong>. Accomplish this, and you will enjoy the guilt-free <strong>benefits</strong> of a <strong>lower ecological footprin</strong>t,<strong> reduced energy costs</strong>, and a <strong>home tailored to your family’s needs</strong> that will, naturally, change over the years.</p> <p class="mb-4">Since we are pretty sure that many of you typed in “sustainable” and thought of “eco-friendly”, we will assume that environmental factors are the ones you are focusing on the most. That is why we will present <strong>costs for building zero-energy (ZE) houses</strong>.</p> <h2 class="mb-4">What Makes Up the Cost of Your Sustainable Home?</h2> <p class="mb-4">Many people tend to overestimate the cost of green housing, especially when compared to regular housing. In 2007, the World Business Council for Sustainable Development released the results of a survey which showed that people thought that green construction features added 17% to the cost of the building, when the average marginal cost, in reality, was less than 2%.</p> <p class="mb-4">So there is a lot of confusion surrounding the subject of the cost of building a sustainable house.</p> <p class="mb-4">For starters, bear in mind what makes up the overall sale price of a house:</p> <ul> <li class="mb-4">Construction costs - 61%</li> <li class="mb-4">Finished lot costs - 18.5%</li> <li class="mb-4">Financing costs - 1.7%</li> <li class="mb-4">Overhead and general expenses - 4.9%</li> <li class="mb-4">Marketing costs - 1.0%</li> <li class="mb-4">Sales commission - 3.7%</li> <li class="mb-4">Builder profits - 9.1%</li> </ul> <p class="mb-4">You are probably here because you’re looking for info on how to build a sustainable house to live in. So here’s what we will do to determine the cost to build a sustainable home - we will add up <strong>construction costs, finished lot costs, overhead</strong> and <strong>general expenses, and builder costs</strong>. They all round up to around 94% (93.5%) of the overall sale price. Keep in mind that even if you don’t want to live in the house you’re building, then you can still avoid many sales-related costs by <a href="https://sleeveuphomes.com/how-to-sell-a-house-without-a-realtor">selling on your own</a>.</p> <p class="mb-4">Before we dive into the numbers that we’ve found, keep in mind that <strong>there is almost always a negative cost to the environment when building a house</strong>. So even though you may have found eco-friendly materials to use, those materials still have to be transported via truck or another means of transport that uses gas). So don’t fret about not your house not being enough zero-energy. Just give it your best shot and that’s it. And oh, use the advice we’re gonna map out below.</p> <p class="mb-4"><img alt="sustainable house" class="img-fluid" src="https://sleeveuphomes.com/img/sustainable-house.jpg" /></p> <h2 class="mb-4">Cost of Building a Sustainable Zero-Energy House</h2> <p class="mb-4">In 2019, the Rocky Mountain Institute issued an exciting <a href="https://rmi.org/insight/economics-of-zero-energy-homes/" rel="nofollow">report </a>that shows that zero-energy housing is much more feasible. Across the US, <strong>building a sustainable house costs just 1-8% more than building to code</strong>.</p> <p class="mb-4">The Census Bureau released a <a href="https://www.census.gov/construction/nrs/pdf/newressales.pdf" rel="nofollow">December 2021 report</a> that showed the average sales price of a new house sold in November 2021 was $416,900. Circling back to the fact that 94% of the overall sale price is all about construction work, we are safe to assume that the average <a href="https://www.homelight.com/blog/buyer-how-much-does-it-cost-to-build-a-house/" rel="nofollow">cost to build a house</a> to code is about $391,886. And if you factor in that a zero-energy house is around 1-8% more than building to code, we arrive at our coveted numbers:</p> <p class="mb-4"><strong>The average cost to build a sustainable house is between $395,804 and $423,237.</strong></p> <p class="mb-4">And remember how we mentioned reduced costs at the beginning of the article? We were thinking of the adage “You need to spend money to make money.” <strong>What we mean is that, after you invest more money into a sustainable house, you get a string of returns in the form of reduced energy costs</strong>.</p> <h2 class="mb-4">A Breakdown of the Cost of Sustainable House Construction</h2> <p class="mb-4">As we have said, construction costs make up 61% of the overall cost of a home. So for zero-energy houses, the numbers it’ll take to construct them are <strong>$241,440-$258,175</strong>. A <a href="https://www.nahbclassic.org/generic.aspx?genericContentID=271883&channelID=311" rel="nofollow">rough breakdown of construction costs</a> for sustainable single-family housing looks like this:</p> <h3 class="mb-4">Interior Finishes (25.4%)</h3> <p class="mb-4">Setting up your interior will take up most of your construction budget. This is the stage at which you will deal with insulation, drywall, flooring, installing lightning, etc. Opt for eco-friendly options such as recycled insulation or duct and air sealing technology, recyclable linoleum flooring, sustainably certified timber, eco-wood finishes, and energy-efficient appliances.</p> <p class="mb-4"><strong>Cost: $61,326-$65,576</strong></p> <h3 class="mb-4">Framing (17.4%)</h3> <p class="mb-4">Another part of the construction stage to pay special attention to since it takes up a large portion of the budget. Framing includes roof, sheathing, and general metal and steel. Consider longer-lasting roof options, such as a metal roof.</p> <p class="mb-4"><strong>Cost: $42,011-$44,922</strong></p> <h3 class="mb-4">Major System Rough-Ins (14.7%)</h3> <p class="mb-4">This is where plumbing and electrical systems come in (minus fixtures), as well as HVAC. Think of getting solar panels, a rainwater harvesting system, low-flow plumbing systems, low-energy HVAC lines, and other elements that will benefit you in the long run.</p> <p class="mb-4"><strong>Cost: $35,492-$37952</strong></p> <h3 class="mb-4">Exterior Finishes (14.1%)</h3> <p class="mb-4">Exterior finishes are the stage where you deal with roofing, windows, doors, exterior wall finishes, et cetera. Install triple-pane windows, sustainable roofing materials, and an insulated garage door.</p> <p class="mb-4"><strong>Cost: $34,043-$36,403</strong></p> <h3 class="mb-4">Foundations (11.8%)</h3> <p class="mb-4">This stage of construction tackles excavation, foundation, concrete, retaining walls, and backfill. For a more lasting and energy-efficient option, look into insulating slab foundation that includes a steel mesh that reinforces the 4-inch concrete slab foundation.</p> <p class="mb-4"><strong>Cost: $28,490-$30,465</strong></p> <h3 class="mb-4">Final Steps and Other (6.8% and 3.8%)</h3> <p class="mb-4">These two stages deal with miscellaneous elements of house construction. From landscaping to patios, porches, and decks - you get a lot of chances to go green. For instance, in landscaping, opt to grow your garden with a <a href="https://www.permaculturenews.org/what-is-permaculture/" rel="nofollow">permaculture</a> mindset, and build your outdoor relaxation spaces with sustainable materials.</p> <p class="mb-4"><strong>Cost: $25,593-$27,367</strong></p> <h3 class="mb-4">Site Work (6.2%)</h3> <p class="mb-4">Since site work includes, besides water and sewer fees inspections, permit fees, and impact fees, you may be eligible for some form of incentive. States and municipalities may be offering some suitable tax deductions and incentives for eco-conscious citizens. North Carolina State University has a great <a href="https://www.dsireusa.org/" rel="nofollow">database of policies and incentives</a>.</p> <p class="mb-4"><strong>Cost: $14,969-$16,007</strong></p> <h2 class="mb-4">Where Can You Get the Money to Build Your Sustainable Zero-Energy Home?</h2> <p><img alt="Eco Home" class="img-fluid" src="https://sleeveuphomes.com/img/eco-home.jpg" /></p> <p class="mb-4">All your meticulous budgeting is going to be in vain if you don’t have the money to build a sustainable house. That is where <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> steps in. Let us help you by buying your current house for the best possible price. That way, you can get the money you need to build a dream home. Contact us to find out our <a href="https://sleeveuphomes.com/request-offer">cash offer</a>.</p> <p class="mb-4">Please bear in mind that this article is intended to provide an average cost range for single-family housing. It is not a definitive guide on construction costs. Rather, it is a blueprint that will give you an idea of what you can expect once you set off to minimize your ecological footprint.</p>
            • images{"1":"bf08cc4b-6159-4eea-aebf-6aa6b1a58851_eco-house.jpg"}
            • short_descriptionWhat are the costs of building a sustainable house? There is often a lot of confusion and misconceptions around that topic, but we got you covered.
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            • titleWhat Are the Advantages and Disadvantages of Living in the Suburbs?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-are-the-advantages-and-disadvantages-of-living-in-the-suburbs" }, "headline": "What Are the Advantages and Disadvantages of Living in the Suburbs?", "description": "Are you considering moving to or from the suburbs? Learn what living in the suburbs is like compared to in the cities in order to make an informed choice.", "image": "https://sleeveuphomes.com/files/blog/4d6ebe03-6da1-4d97-b90d-9df9fb0f3c97_living-in-the-suburbs.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-01-12", "dateModified": "2022-01-12" } </script> <p class="mb-4">Suburban America had massively grown in the latter half of the 20th century and suburban life has often been romanticized in family-friendly pop culture. However, as many major cities started focusing on revitalizing downtown areas in the past decade, the popularity of living in the suburbs seems to have slipped. And yet, in the past few years, it has made comeback.</p> <p class="mb-4">New millennial homeowners appear to be a major driving force behind the resurgence of suburban living. So, why is living in the suburbs becoming popular again? In this article, we’ll try to help you weigh the advantages and disadvantages of living in the suburbs and, hopefully, help you make an informed choice if you are thinking of moving.</p> <h2 class="mb-4">The Advantages of Suburban Life</h2> <h3 class="mb-4">Better Housing Prices</h3> <p class="mb-4">In general, you can buy a bigger home for less money than in a city. This actual price will depend on the specific city and suburb, but the price per square foot for comparable homes tends to get lower the farther away you are from the city center. Homes in rural areas are even cheaper, but they provide fewer amenities than suburbs do.</p> <h3 class="mb-4">Lower Crime Rates</h3> <p class="mb-4">When living in the suburbs reached peak popularity, much of the migration away from cities was driven by safety concerns. While crime rates in cities are on a downward trajectory, the suburbs remain safer, even disregarding specific gated communities. To exemplify, most of the <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">safest places in California</a> are a suburb of one city or another.</p> <h3 class="mb-4">Less Crowding and More Free Space</h3> <p class="mb-4">Depending on your preferred lifestyle, you may or may not consider living near fewer people an advantage, but certain benefits can’t be denied. For one, there is less crowding and you won’t be spending hours milling about in traffic. Then, more land is available for constructions projects.</p> <p class="mb-4">As more land is available, it is much easier to <a href="https://sleeveuphomes.com/building-your-dream-home-how-much-does-it-cost-to-build-a-house">build a spacious house</a> that you would be hard-pressed to build in a city. Further, suburbs are better for those that value their privacy, especially if you compare living in the suburbs to living in apartment complexes. Finally, less crowding generally leads to better educational outcomes, which brings us to the next point.</p> <h3 class="mb-4">The Schools Are Better</h3> <p class="mb-4">Overall, public schools in the suburbs are better than in large urban centers. The teacher-to-student ratio is higher and more resources are invested. Unfortunately, inner-city schools also tend to have a higher rate of students from disadvantaged backgrounds.</p> <p class="mb-4">All of this leads to suburban city schools having higher graduation rates than inner-city schools. Of course, this doesn’t mean that each suburban public school is better than an inner-city one and we are not taking into account public and charter schools, but the overall trend still stands.</p> <p class="mb-4"><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/living-in-the-suburbs2.jpg" /></p> <h3 class="mb-4">The Focus on Community</h3> <p class="mb-4">Many people buy houses in the suburbs to feel a sense of community. While it’s not impossible to develop a sense of community in urban centers, rural areas and the suburbs are much more conducive to community building. Because there are fewer people, it’s easier to get to know everybody.</p> <p class="mb-4">The neighborhood parks, hiking tracks, leisure centers, etc. allow you to actually get to know your neighbors. And many suburbs have HOAs and the accompanying activities allow members of the community to interact and work towards common goals, building a sense of kinship.</p> <h3 class="mb-4">Engaging in Local Governance</h3> <p class="mb-4">We’re not saying that most people living in the suburbs enter into politics or public service. Nor are we arguing that a majority do. But, engagement in institutions like HOAs, school board meetings, and local councils is higher in the suburbs.</p> <p class="mb-4">There are two primary motivating factors – fewer people to contend with and it feels like everything affects you directly. While the second factor is no less true in an inner-city than it is in the suburbs, the subjective feeling gives people the motivation to engage. Thus, in the process of building a better community, people engage in local politics.</p> <h3 class="mb-4">It’s Better for Lovers of the Outdoors</h3> <p class="mb-4">While living in the suburbs can’t compare to true rural areas when it comes to access to untouched nature, the suburbs are better than urban centers. There are simply more parks, trails, and generally more nature to enjoy.</p> <p class="mb-4">And depending on where the suburbs are located, true outdoor activities can be a short 20-minute drive away. For example, if you live in one of the <a href="https://sleeveuphomes.com/what-are-the-best-cities-to-live-in-orange-county">suburbs of California’s Orange County</a>, hills and hiking trails are likely right outside your doorstep. The same goes for beaches, lakes, and mountains in many suburban communities.</p> <h2 class="mb-4">The Disadvantages of Suburban Life</h2> <h3 class="mb-4">A Slow-Paced Lifestyle</h3> <p class="mb-4">Living in the suburbs is slower and more relaxed. You know all your neighbors and know what’s going to happen tomorrow, in a week, and in a month. While this may be an advantage to someone looking to raise a family in a quiet neighborhood, others may find it boring. It’s as simple as that. Of course, this purely depends on personal preference.</p> <p class="mb-4">Before deciding on moving to the suburbs, consider what your preferred lifestyle is. If you come to the conclusion that you are looking for something fast-paced, the suburbs probably can’t provide it to you. So, moving to the suburbs might not be the best choice. At least not at this point in your life.</p> <h3 class="mb-4">A Higher Cost of Living</h3> <p class="mb-4">Housing prices are generally lower in the suburbs (although nothing is cheap in the current market) as are taxes, but the cost of living is not. Many suburbs tend to be affluent and that leads to higher costs of healthcare, transport, groceries, and everything else.</p> <h3 class="mb-4">A Competitive Job Market</h3> <p class="mb-4">A large portion of people living in the suburbs commute and work in cities. In case you wish to avoid commuting and work near your home, you’re going to face tough competition. There are fewer jobs to go around and people often get hired because they have lived in the community for a long time and know people.</p> <p class="mb-4">Call it nepotism or unfair, but that’s just how it is. That’s not to say you wouldn’t be able to get a job in the suburbs if you are new. But you might not be able to land the dream job you want and would need to fight a bit more to get the second one on your list. Or go work in the city.</p> <h3 class="mb-4">You’ll Need a Car</h3> <p class="mb-4">‘You’ll need a car’ might be overstating it a bit, but you’ll need to find a way to function without good public transport. Not many things are within walking distance in the suburbs and public transportation is not common, so you need to find an alternative to get to places. Owning a car is the simplest solution, but that is another expense on your bank account.</p> <h3 class="mb-4">Fewer Institutions and Amenities</h3> <p class="mb-4">Finally, the suburbs are spread out and that generally means there are fewer amenities in your immediate locality. So, it’s more difficult to find entertainment venues and shops and there are fewer colleges, universities, hospitals, etc. The institutions you find in the suburbs are usually high-quality, there are just fewer of them than in a big city.</p> <h2 class="mb-4">Thinking of Moving To or From the Suburbs?</h2> <p><img alt="Advantages and Disadvantages of Living in the Suburbs" class="img-fluid" src="https://sleeveuphomes.com/img/living-in-the-suburbs-sleeveup.jpg" /></p> <p class="mb-4">In case the pros and cons of living in the suburbs lead you to the conclusion that the pros overweight the cons and you wish to move there, <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> can help. The same goes if you want to move out of the suburbs to the city.</p> <p class="mb-4">You can sell your old house for top dollar and finance the move. We are not flippers or wholesalers but direct buyers, which is why we can offer you the best price possible. And because we are direct buyers, you won’t be paying any fees or commission, leaving more money in your wallet. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see what you can get.</p>
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            • slugwhat-is-wire-fraud-in-real-estate-and-how-can-you-protect-yourself
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            • autor_nameSleeveUp Homes
            • titleWhat Is Wire Fraud in Real Estate and How Can You Protect Yourself in 2022?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-wire-fraud-in-real-estate-and-how-can-you-protect-yourself" }, "headline": "What Is Wire Fraud in Real Estate and How Can You Protect Yourself in 2022?", "description": "Americans lose millions of dollars annually because of real estate wire fraud. Learn how this common scam tactic works and how to protect yourself from it.", "image": "https://sleeveuphomes.com/files/blog/e0c0389e-131e-4000-84bc-5c1d7647a8af_wire-fraud-1.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-01-24", "dateModified": "2022-01-24" } </script> <p class="mb-4">Frauds are not a new concept and, unfortunately, all too common, so you’ve probably learned how to protect yourself to a certain degree. If someone rings you up to tell you that you’ve won a prize and that you must pay a small fee to collect it (which is a variation of wire fraud), you’ll likely just hang up.</p> <p class="mb-4">The issue is that scammers rarely use such simple tactics anymore. Their methods have evolved and the numbers back it up, so don’t be so sure that <em>you</em> can’t be tricked. It happens to the best of us. According to the <a href="https://www.ic3.gov/Media/PDF/AnnualReport/2020_IC3Report.pdf" rel="nofollow">FBI’s latest Internet Crime Report</a>, over 791,000 Americans reported being defrauded in 2020 and the reported losses exceeded $4.1 billion.</p> <p class="mb-4">That’s a sharp 69% increase from 2019. And scams relating to real estate make up a good share of the total number – they caused over 213 million in damages. For this reason, it’s extremely important to learn <a href="https://sleeveuphomes.com/avoiding-scams">how to avoid real estate scams</a> if you plan on selling or buying a house, and in this article, we’ll be tackling a common real estate scam – wire fraud.</p> <h2 class="mb-4">The Definition of Wire Fraud</h2> <p class="mb-4"><strong>Wire fraud is a federal crime wherein a person uses any form of telecommunication</strong> (be it email, phone, text message, social media message, radio, television, etc.) <strong>to intentionally deceive another person with the purpose of depriving them of their money or property.</strong></p> <p class="mb-4">According to the U.S. Department of Justice statute on wire fraud, <a href="https://www.justice.gov/archives/jm/criminal-resource-manual-941-18-usc-1343-elements-wire-fraud" rel="nofollow">18 U.S.C. 1343</a>, these are the 4 essential elements of wire fraud:</p> <ol> <li class="mb-4">that the defendant voluntarily and intentionally devised or participated in a scheme to defraud another out of money;</li> <li class="mb-4">that the defendant did so with the intent to defraud;</li> <li class="mb-4">that it was reasonably foreseeable that interstate wire communications would be used;</li> <li class="mb-4">that interstate wire communications were in fact used.</li> </ol> <h2 class="mb-4">How Is Wire Fraud in Real Estate Committed?</h2> <p class="mb-4">Wire fraud in real estate most often happens by a scammer posing as your real estate agent and persuading you to transfer funds to a fraudulent account. They use a complex method called phishing that lets them impersonate your realtor by faking their email or phone number.</p> <p class="mb-4">These fakes are not easy to spot, as the real estate wire fraud scammers won’t simply send a non-personalized email or text requesting that you transfer funds. Often, they will have hacked into your agent’s inbox beforehand to get your personal information and read the communication you shared.</p> <p class="mb-4">Then, they will personalize the message they send so that it appears legitimate - it will appear as if you are communicating with someone you trust. The ultimate aim of real estate wire fraud is to get you to transfer money for closing costs into an account the scammer owns.</p> <p class="mb-4">They may say that there were some changes and that the closing costs are lower than previously stated to incentivize you to pay without double-checking the information. They may simply state they sent you the wrong account number last time or that you should use a new account.</p> <p class="mb-4">In any case, the money you transfer will go into a fraudulent account and there’s a high chance you will never be able to recover it. You will lose thousands of dollars and the closing process will be delayed until you sort it all out.</p> <p class="mb-4">Let’s go through one of the more common scenarios real estate scammers employ.</p> <h3 class="mb-4">An Example of Wire Fraud</h3> <p class="mb-4">You’re buying a house, have negotiated the terms of your loan, and are now ready to close on the loan. The agreement was that you will pay the closing costs by check at the closing. Suddenly, you get an email from, supposedly, you’re agent’s email address. It may say something like - URGENT: Changed Closing Terms.</p> <p class="mb-4">You open the email and ‘your agent’ informs you that you can no longer pay by check, but must wire the funds to your lender within 24 hours. To incentivize you, they say that you will lose the home to another buyer or the process may be delayed for months if you don’t move quickly.</p> <p class="mb-4">The email includes your name and other personal information, including the correct amount you need to pay for closing, to make it appear legitimate and an account you should transfer the money to. You don’t want to lose the house, so you transfer the money. After all, it doesn’t change much if you pay by check or transfer the money.</p> <p class="mb-4">You learn that your agent never sent you that email only after a few days when you talk with them directly and now you’ve lost thousands of dollars. And this is just one tactic they use. The emails will appear legitimate and convincing, and will rarely be obvious scams. You should stay on your toes at each leg of the home buying process.</p> <h2 class="mb-4">What Is the Best Defense Against Real Estate Wire Fraud?</h2> <h3 class="mb-4">Understand the Closing Process</h3> <p class="mb-4">The first step is knowing how the closing process works. Talk with your agent directly and go over, in detail, how you will close the sale. Specifically ask about escrow, the money that is needed, and how it is to be delivered.</p> <h3 class="mb-4">Get the Necessary Contact Information</h3> <p class="mb-4">Acquire multiple contact methods for your real estate agent, lender, and settlement agent. Write down their names, addresses, and make sure you at least get their phone numbers. And avoid talking about the closing process via email, but instead, call them directly.</p> <h3 class="mb-4">Any Last-Minute Changes Are a Huge Red Flag</h3> <p class="mb-4">If you get an email stating that there were some last-minute changes, that is a huge red flag that someone is trying to drag you into a wire fraud scheme. Scammers use panic to prevent you from thinking things through. Stay calm and cautious. You have the contact information, so call your agent and your lender to check if everything is legitimate. Even better, visit their offices in person to confirm the changes.</p> <p class="mb-4"></p> <p class="mb-4"><img alt="Wire Fraud" class="img-fluid" src="https://sleeveuphomes.com/img/wire-fraud.jpg" /></p> <h3 class="mb-4"></h3> <h3 class="mb-4">Avoid Disclosing Sensitive Information by Email</h3> <p class="mb-4">Emails are notoriously easy to hack for those with the right skillset. Avoid discussing or disclosing your financial information by email. Insist on in-person meetings or phone conversations (if you can recognize the voice of the person you are speaking to) if any important information is to be discussed.</p> <h2 class="mb-4">Who Investigates Wire Fraud?</h2> <p class="mb-4">Wire fraud is usually investigated by the Federal Bureau of Investigation or the Federal Trade Commission. Some states have state laws regarding wire fraud and local state bodies may investigate those cases.</p> <h3 class="mb-4">What Are the Criminal Sanctions for Fraud?</h3> <p class="mb-4">A person convicted of wire fraud crimes needs to pay a fine of up to $250,000 and faces imprisonment of up to 20 years. If an organization were to commit wire fraud, it needs to pay a fine of up to $500,000 and imprisonment of up to 20 years. The sanctions increase if the fraud is related to a presidentially declared disaster or committed by a financial institution.</p> <h2 class="mb-4">What Can You Do if You Are a Victim of Wire Fraud?</h2> <p class="mb-4">If you suspect that you are a victim of wire fraud in real estate, contact your bank or wire service to recall the transfer. You may be able to get the money back if you act very quickly. You should also <a href="https://www.ic3.gov/" rel="nofollow">file a complaint</a> with the Internet Crime Complaint Center of the FBI.</p> <h2 class="mb-4">Avoiding Wire Fraud when You Are Selling a House</h2> <p class="mb-4">Similar scam tactics may be used against you even when you are selling a house. Your best bet from becoming a victim is to sell your house to a buyer that is willing to work with you directly. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house as-is for top dollar and we will be in direct communication with you at each leg of the journey.</p> <p class="mb-4">We will take care of the closing costs and there will never be any last-minute expenses or changes to our agreement. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and we will send someone to take a look at your property in person.</p>
            • images{"1":"873dd179-357f-4272-a8bc-346b6453c1c9_wire-fraud-1.jpg"}
            • short_descriptionAmericans lose millions of dollars annually because of real estate wire fraud. Learn how this common scam tactic works and how to protect yourself from it.
            • keywordsAmericans lose millions of dollars annually because of real estate wire fraud. Learn how this common scam tactic works and how to protect yourself from it.
            • intro_imagee0c0389e-131e-4000-84bc-5c1d7647a8af_wire-fraud-1.jpg
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            • titleWhat Is Loan Flipping in Real Estate? - Learn How To Protect Yourself
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-loan-flipping-in-real-estate" }, "headline": "What Is Loan Flipping in Real Estate? - Learn How To Protect Yourself", "description": "Loan flipping in real estate is a common scam method that can cost you money or, even worse, your property. Learn how to protect yourself from it.", "image": "https://sleeveuphomes.com/files/blog/cd622229-cbd8-4a39-893f-98bfccb8e9a6_loan-flipping.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-01-27", "dateModified": "2022-01-27" } </script> <p class="mb-4">What is loan flipping? Loan flipping occurs when lenders coax and convince homeowners to refinance their homes repeatedly. Moreover, lenders persuade homeowners to borrow more and more each time.</p> <p class="mb-4">As time passes, borrowers end up with a lot bigger loan payments. This is where the trouble starts. Because now, the borrower can’t afford loan payments and lowers the hard-acquired equity of their real estate. And all the while lenders charge points and fees with every transaction.</p> <p class="mb-4"><em>The most typical victims of loan flipping include senior citizens and those who aren’t educated on borrowing.</em> Predatory lenders take advantage of them by advancing loan flipping even though the borrower doesn’t need it or by presenting “a better loan” than one currently employed.</p> <p class="mb-4">Luckily, lenders using predatory strategies can be held accountable by a wronged borrower. If a lender recently convinced you to refinance your loan, but made you accept excessive fees or unfair agreement terms, contact a licensed attorney. And ensure you’re familiar with <a href="https://sleeveuphomes.com/avoiding-scams">common real estate scams</a>.</p> <p class="mb-4">Or even better, don’t get to the point where you need to seek professional assistance. This article will discuss what loan flipping is, the common tactics that loan flippers use, and how you can protect yourself from predatory lenders.</p> <h2 class="mb-4">What is Loan Flipping?</h2> <p class="mb-4">The loan flipping definition tells that loan flipping is a <strong>predatory lending activity that happens when lenders convince borrowers to refinance their homes by accepting a new long-term loan with higher costs</strong>. Even though the new loan doesn’t actually provide any financial advantage to homeowners in any possible way.</p> <p class="mb-4">The lenders may promise the borrower a lowered term or monthly payment, but in the end, <strong>the borrowers end up with costly payments they can’t pay and that drains their real estate equity</strong>.</p> <p class="mb-4">While loan flipping appears like a great deal, it is only so at first glance. The additional points, fees, and expenses of the loan can place borrowers in situations that don’t suit their best interests. Although loan flipping and new loans provide the borrower with a few bonus thousand dollars, the benefits are quickly dissolved.</p> <p class="mb-4"><strong>Loan flipping or loan refinancing can in this way drain the borrower’s equity fast</strong>. It will also increase monthly payments. Particularly if the borrower’s loan is flipped multiple times during a short period of time.</p> <h3 class="mb-4">Balloon Payments</h3> <p class="mb-4">Even worse, loan flipping may produce quite dangerous financial situations for the borrower if balloon payments are accepted. You can usually find them in the contract’s fine print.</p> <p class="mb-4">Predatory lenders achieve this by first charging a low rate for the loan, but then include big amounts of lump-sum payments. Often two, three, or more years down the road. As the loaning period reaches its end, borrowers are pushed to refinance their homes again. Or even worse, lose their homes completely.</p> <h2 class="mb-4">Victims of Loan Flipping</h2> <p class="mb-4"><a href="https://www.fdicoig.gov/publications/reports06/06-011-508.shtml" rel="nofollow">Predatory lenders employ loan flipping</a> to force homeowners to repeatedly refinance their real estate. Since they know they can’t try this with everyone, they search for those who will more likely fall for their predatory lending practices. Or those they believe they can exploit.</p> <p class="mb-4"><strong>Senior citizens</strong> have the biggest risk of falling for their scams. This is since senior citizens often have enormous equity built into their real estate. Moreover, senior citizens are often not educated enough about the financial intricacies of borrowing.</p> <p class="mb-4">Not to mention they’re more trusting to people and rarely imagine someone will intentionally exploit their age. And last but not least, senior citizens often have cognitive issues that predatory lenders happily exploit.</p> <p class="mb-4"><strong>Minorities</strong> are also at greater risk here since predatory lenders know minorities are often in more dire financial situations. Moreover, lenders count on minorities being more afraid to contact the law if they spot illegal lending behavior.</p> <p class="mb-4">In addition, predatory lenders also target <strong>financially vulnerable people</strong>. Such as individuals who can’t meet monthly costs. Or folks who recently lost their position. Even those who experienced lending discrimination because of a lack of education.</p> <h2 class="mb-4">How to Spot Predatory Loan Flipping</h2> <p class="mb-4">If new lenders are <strong>intentionally and actively reaching you via mobile, email, or mail</strong>, this is a likely red flag on their side. Yes, all lenders have marketing and do it. However, if some lenders are especially aggressive in their approach this may mean you should take care.</p> <p class="mb-4"><img alt="Loan Flipping" class="img-fluid" src="https://sleeveuphomes.com/img/loan-flipping.jpg" /></p> <p class="mb-4">Especially if you have never contacted or even heard about the company. That’s why it’s always better to find local companies that your friends or family has already employed. Work with lenders that you know.</p> <h2 class="mb-4">How to Protect From Loan Flipping</h2> <h3 class="mb-4">Know What You Can Afford</h3> <p class="mb-4">The first step in defending yourself against loan flipping is that you know and understand what you can afford. <a href="https://www.forbes.com/sites/rent/2015/06/26/why-do-people-spend-money-they-dont-have/?sh=701d1f21cc13" rel="nofollow">Most of us are in the habit of spending more than we earn</a>. However, this doesn’t mean you should risk your house just because you need an extra thousand bucks.</p> <h3 class="mb-4">Find Credible Lenders</h3> <p class="mb-4">The next step is that if you need a new loan, you find a <em>licensed, reputable lender</em>. Hopefully, local ones whom your family and friends already know or have worked with in the past.</p> <h3 class="mb-4">Educate Yourself</h3> <p class="mb-4">You should also educate yourself. Learn and understand loan contracts and applications. Learn the most common predatory lending activities as well. The more you know, the safer you’ll be. When you’re more financially literate you’ll spot red flags that follow questionable lenders.</p> <p class="mb-4">You can also find tips about protecting your real estate when you take a mortgage at <a href="https://www.fdic.gov/consumers/assistance/protection/mortgages.html" rel="nofollow">FDIC</a> (the Federal Deposit Insurance Corporation).</p> <h3 class="mb-4">Explore Different Options</h3> <p class="mb-4">Take a look around for different loans before you sign your first. Even if you have experienced <a href="https://www.washingtonpost.com/realestate/large-numbers-of-loan-applications-get-denied-but-for-blacks-hispanics-and-asians-the-rejection-rate-is-even-higher/2018/05/22/dac19ffc-5d1b-11e8-9ee3-49d6d4814c4c_story.html" rel="nofollow">loan discrimination</a> before (which is understandable), that doesn’t mean you should hurry up the process as fast as possible. Yes, you want to get done fast. But when you compare offers, you’ll definitely find that some are better than others.</p> <h3 class="mb-4">Use Alternative Financing</h3> <p class="mb-4">You can also think about the alternatives. Instead of borrowing money from questionable lenders or going for loan flipping, why not ask your friends? Family? Religious congregation? They will likely produce less financial harm than a lender you don’t know.</p> <h3 class="mb-4">Don’t Lie</h3> <p class="mb-4">Moreover, you should <strong>never inflate your earnings</strong>. Even worse, give out false information so you can qualify for a loan. This is because the lenders’ borrowers' qualifications depend on how much the individual or family earns.</p> <h3 class="mb-4">Don’t Bet on Future Profits</h3> <p class="mb-4">Last but not least, <strong>never bet on increasing your income in the future</strong>. There are no certainties in life. Except that you may face the loss of your real estate or your equity in it if you took a loan you can’t repay due to unexpected circumstances.</p> <h2 class="mb-4">State and Federal Laws on Loan Flipping</h2> <p class="mb-4">Various federal, state, and even local laws are currently trying to prevent and minimize predatory lending practices. For example, The Truth in Lending Act, also known as TILA, <strong>obliges a lender to disclose particular specific info before you enter a contract with them</strong>. For instance, the total cost to borrowers, the yearly percentage rate, and the contract’s terms.</p> <p class="mb-4">Since July 1, 2002, the state of California has had a law that covers “high fee/high rate” loaning. <strong>This law includes particular rules involving balloon payments, the borrowers’ ability to return the loan, prepayment penalties</strong>, and more. The law also states that all loans must have tangible advantages to the borrower.</p> <h2 class="mb-4">Find the Right People</h2> <p class="mb-4">If you are in dire need of money, a better option than taking out a loan could be to sell your house. Contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> and we will buy your house for the highest price possible. You’ll be able to sell your home fast. Even better, you won’t have to repair it, show it to potential buyers, or wait for it to sell.</p> <p class="mb-4">Predatory lenders are giving the whole industry a bad name. That’s why we’ve decided to start SleeveUp Homes - so we can help local homeowners sell their houses and make our community better. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see if selling your house is a better option than taking out another loan.</p>
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            • short_descriptionLoan flipping in real estate is a common scam method that can cost you money or, even worse, your property. Learn how to protect yourself from it.
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          • 12(array)
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            • titleHow To Avoid Moving Scams: the Best Methods for Protecting Yourself
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-avoid-moving-scams" }, "headline": "How To Avoid Moving Scams: the Best Methods for Protecting Yourself", "description": "Tens of thousands of Americans fall victim to moving scams every year. Learn how to protect yourself and find a professional moving company.", "image": "https://sleeveuphomes.com/files/blog/cd7460b8-11bc-45fd-8232-35bc34f570af_moving-sleeveup.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-02-09", "dateModified": "2022-02-09" } </script> <p class="mb-4">The moving industry is one of the largest in the US and there are innumerable companies that offer moving services. To paint a clearer picture - approximately <a href="https://www.census.gov/newsroom/press-releases/2021/cps-asec-geographic-mobility.html#:~:text=This%20represents%20an%208.4%25%20mover,and%20main%20reason%20for%20relocating." rel="nofollow">27.1 million Americans moved in 2021</a> (8.4% of the population) and that’s the lowest number in decades. Unfortunately, that also means unscrupulous people try to take advantage and moving scams are prevalent.</p> <h2 class="mb-4">How Serious Is the Issue?</h2> <p class="mb-4">Moving scams are not the only scams related to real estate, but they are one of the most common types. Many laws regulate how moving companies need to do business and <a href="https://www.fmcsa.dot.gov/" rel="nofollow">the Federal Motor Carrier Safety Administration</a> of the Department of Transportation provides oversight.</p> <p class="mb-4">However, a series of laws starting in the 1980s that deregulated the moving industry in combination with the Carmack Amendment of 1935 has caused victims of moving scams to have little satisfactory recourse. On top of that, the FMCSA has slowly been stripped of many of its powers that could directly help consumers.</p> <p class="mb-4">The Better Business Bureau (BBB), a non-profit whose mission is to advance marketplace trust, receives <a href="https://www.bbb.org/article/news-releases/22678-moving-scams-cause-financial-and-emotional-nightmares-bbb-study-finds" rel="nofollow">an average of 13,000 complaints</a> annually and at least 1,335 moving companies have an F rating due to unresolved complaints or other factors.</p> <p class="mb-4">Even worse, according to some estimates by the Federal Trade Commission, only 10% of fraud victims lodge complaints with law enforcement agencies or the BBB. Thus, the problem is likely much larger, even if the FTC’s estimate is off.</p> <p class="mb-4">In short, <strong>moving scams happen on a daily basis and everyone who moves should pay special attention to the moving company they hire</strong>.</p> <h2 class="mb-4">Common Tactics Scammers Employ</h2> <p class="mb-4">The first step in learning how to avoid moving scams is to understand how scammers operate. Unfortunately, they’re not as easy to spot as you might expect. You will rarely encounter a scammer that directly asks you to pay clearly unreasonable amounts of money. Their tactics and methods are usually more advanced, so let’s go over the most common ones.</p> <h3 class="mb-4">Payment in Advance</h3> <p>The first moving scam is the most straightforward one and the easiest to avoid. <strong>No reputable movers will ask you to pay in advance</strong>. The industry standard is that you pay at delivery. You may be asked to pay a small deposit for a reservation, but that’s it. If any moving company asks you to pay upfront, hire another moving company.</p> <h3 class="mb-4">The No-Look Guestimate</h3> <p>The price of your move will primarily depend on 3 factors:</p> <ul> <li class="mb-4">The weight of your items</li> <li class="mb-4">The dimensional weight of your items (the bulk)</li> <li class="mb-4">The moving distance</li> </ul> <p class="mb-4">So, to give you an estimate, your movers need to approximate how much your items weigh, how much space they’ll take up on a truck/trucks, and how far they need to transport them. As far as the distance is concerned, there’s really no issue – googling the distance between 2 locations couldn’t be easier nowadays.</p> <p class="mb-4">However, to estimate the weight and bulk, they need to send someone over to actually see your items. If you give a moving company a call and they ask you how many items you have and give you an estimate based on that, there’s a strong chance you’re dealing with moving scammers.</p> <p class="mb-4">Homeowners have a hard time estimating how much stuff they own and professional movers are well aware of that. <strong>A reputable moving company will almost always send someone to do an in-person inspection and estimate</strong>. There may be exceptional circumstances where a phone call may be enough, but these are few and far between.</p> <p class="mb-4">Let’s say you’re moving out of a mini-small studio apartment and have six 18’’ x 16’’ x 18’’ boxes you need moved. In such a case, fine, maybe a conversation over the phone is enough for the estimate. But what’s the chance you’ll actually hire a moving company to transport such a small load?</p> <p class="mb-4">In any case, here’s how this moving scam operates. They give a great estimate over the phone. You’re more than happy with the price, so you hire the moving company but don’t get the estimate in writing – it was all done over the phone, after all, wasn’t it? You arrange a moving date, pack your things, and wait for your movers to arrive.</p> <p class="mb-4">When they do come, they provide you with the contract you need to sign, but the estimate is a few thousand dollars more than what was originally discussed. They’ll likely have a “good” reason why the price is higher – maybe they’ll shift the blame and say you didn’t clearly explain how much stuff they need to move.</p> <p class="mb-4">What options are you left with now? Sure, you don’t need to sign the contract and can hire another moving company. But your stuff is already packed, you’ve probably canceled your lease, and don’t have the time to go through the whole process again. This is precisely what moving scammers count on.</p> <p class="mb-4">So you sign the contract and now you’ve paid thousands more than you expected.</p> <h3 class="mb-4">The Casual Look</h3> <p>The principle here is the same as with the no-look guestimate scam, it’s only a bit more advanced. In short, the moving scammers will send someone over to do an inspection, but it’s mostly for show. They’ll take a stroll through your house and cast a casual glance at each room.</p> <p class="mb-4">A professional estimator from a reputable moving company, on the other hand, will check every detail and ask pointed questions. They will want to know exactly what items and goods you will be moving. If the estimator finishes in 10 minutes and gives you a great verbal estimate, that’s a huge red flag that you are dealing with moving scammers.</p> <p class="mb-4">In the end, you’ll end up in the same situation as if they gave you an estimate over the phone. Moving day will come, they’ll have you pay much more than what was originally estimated or they’ll leave you on the street. The first step in avoiding moving scams is understanding how estimates should be done and not trusting anyone who doesn’t do them properly.</p> <h3 class="mb-4">It Was in the Fine Print</h3> <p>You understand how an estimator should do their job so scammers can’t show up on the day of the move and give you no other option but to hire them. You do the smart thing and make sure you have an estimate in writing. But you should understand that there are two types of moving estimates:</p> <ul> <li class="mb-4">Non-binding estimates</li> <li class="mb-4">Binding estimates</li> </ul> <p class="mb-4">Non-binding estimates, as the name implies, mean that you probably won’t pay the exact cost that was listed. But even that is not that big of an issue with honest movers. Non-binding estimates are regulated by law and <strong>movers must give you a reasonably accurate estimate – they can only charge you up to 10% more of what the estimated cost was</strong>.</p> <p class="mb-4">Moving scammers may load your items but ask you to pay way over 10% of the original non-binding estimate at delivery because the weight of your items was more than expected. Now, they hold your goods hostage until you pay the full amount. This is something they are not allowed to do by law, but that’s why they’re scammers.</p> <p class="mb-4">Let’s say that you’re not comfortable even with a non-binding estimate, so you demand a binding one. You’ll know how much you have to pay and that’s it. But have you looked at the fine print?</p> <p class="mb-4"><strong>Moving scammers will insert a clause into the contract that stipulates that the moving costs will not exceed a certain amount unless your items weigh more than what was estimated.</strong> Essentially, that makes the binding estimate no better than a non-binding one. To avoid moving scams, <em>always read the fine print</em>.</p> <h3 class="mb-4">The Worst Kind</h3> <p>This is one of the rarer moving company scams, but it’s the worst one. You contact a moving company, everything seems on the up and up, so you hire them to transport your items. But then your items never arrive and you can’t get in touch with the movers.</p> <p class="mb-4">Your property is gone and there’s little chance you’ll ever recover it. These types of moving scams are relatively rare because word quickly gets out and the scammers can’t operate for too long. However, there’s usually someone else that will take their place and you can never be sure that you won’t be a victim of such blatant theft.</p> <p class="mb-4"><img alt="Moving Scams" class="img-fluid" src="https://sleeveuphomes.com/img/moving-scams.jpg" /></p> <h2 class="mb-4">How Can You Avoid Moving Scams?</h2> <p class="mb-4"><strong>You can avoid moving scams in two steps: 1. knowing the red flags that indicate scammers and 2. only hiring professional, reputable moving companies.</strong> We’ve explained common methods scammers use and how you can spot them, so now it’s time to discuss how you can find a good moving company.</p> <h2 class="mb-4">How Can You Find a Reputable Moving Company?</h2> <p>Do the standard background check as you would with any business – get their name and DBA name, see how long they have been in business, check their reviews, and ideally contact real people who have used their services to find out their experiences. Make sure to ask for your moving company’s license number and check if they are:</p> <ul> <li class="mb-4">Licensed and insured in the <a href="https://ai.fmcsa.dot.gov/hhg/search.asp" rel="nofollow">FMCSA database</a> and check the complaints history.</li> <li class="mb-4">Contact the Better Business Bureau and ask about the company you are interested in.</li> </ul> <h2 class="mb-4">What Should You Do if You Are a Victim of Moving Fraud?</h2> <p class="mb-4">Even if you take all the necessary precautions, you could still end up being the victim of a moving scam. You have multiple avenues you could pursue and we suggest you utilize all the free resources you have available:</p> <ul> <li class="mb-4">Contact your local law enforcement agency to file a complaint.</li> <li class="mb-4">File an official complaint with the FMCSA <a href="https://www.fmcsa.dot.gov/protect-your-move/file-a-complaint" rel="nofollow">here</a>.</li> <li class="mb-4">File a complaint with the BBB <a href="https://www.bbb.org/file-a-complaint" rel="nofollow">here</a>.</li> <li class="mb-4">File a complaint with the American Trucker Association <a href="https://www.trucking.org/arbitration" rel="nofollow">here</a>.</li> <li class="mb-4">Contact <a href="https://www.moverescue.com/" rel="nofollow">MoveRescue</a> for assistance (MoveRescue is a collaborative effort between Mayflower and United Van Lines intended to help people avoid moving scams and help victims).</li> </ul> <h2 class="mb-4">How Can You Protect Yourself From Other Real Estate Scams?</h2> <p class="mb-4">Moving scams are some of the most common <a href="https://sleeveuphomes.com/avoiding-scams">scams related to real estate</a>, but they’re far from the only type. If you are selling your house in Southern California, you can make sure you are safe by selling it to SleeveUp Homes.</p> <p class="mb-4"><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> was started to prevent people from being low-balled by wholesalers or flippers. We will buy your home as-is for top dollar and you won’t be paying any realtor commissions or closing costs.</p> <p class="mb-4">And we will gladly refer you to local Southern California moving companies with a reputable track record when you need to move out. But you don’t need to make a commitment right away – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> to see how much you can get for your property and make a decision in your own time.</p>
            • images{"1":"50d9601a-3db2-4c6c-b585-3d455af92068_loan-flipping.jpg"}
            • short_description Tens of thousands of Americans fall victim to moving scams every year. Learn how to protect yourself and find a professional moving company.
            • keywordshow to avoid moving scams
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            • autor_nameSleeveUp Homes
            • titleHow To Protect Yourself from a Home Inspection Scam
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-protect-yourself-from-a-home-inspection-scam" }, "headline": "How To Protect Yourself from a Home Inspection Scam", "description": "Are you worried about falling prey to a home inspection scam? Discretion is the better part of valour, so learn how to avoid home inspection scams.", "image": "https://sleeveuphomes.com/files/blog/97578a48-d763-4ea7-ab95-07c436860b51_home-inspection-scam.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-03-01", "dateModified": "2022-03-01" } </script> <p class="mb-4">When you want to buy a house, it’s natural you’ll want a home inspection done. Many sellers also have one performed before they put their house on the market. They are also common before refinancing or after a major upgrade is done. But because home inspections are so common, unfortunately, there are a plethora of home inspection scams that happen daily.</p> <hp class="mb-4">A home inspection scam may not be as insidious as <a href="https://sleeveuphomes.com/what-is-loan-flipping-in-real-estate">loan flipping</a> because it doesn’t eat into your equity, but you still lose hundreds or thousands of dollars if you fall for one. And it’s not wise to assume that you will never get scammed. According to the <a href="https://www.ic3.gov/Media/PDF/AnnualReport/2020_IC3Report.pdf" rel="nofollow">latest data from the FBI</a>, real estate scammers caused $213,196,082 in damage in 2018, $221,365,911 in 2019, and $149,458,114 in 2020. <p></p> <p class="mb-4">And that’s just the scams that were reported. Your best bet is to arm yourself with knowledge to make sure nobody can take advantage. This article will focus on one specific scam – the home inspection scam – but you should also learn how to avoid other <a href="https://sleeveuphomes.com/avoiding-scams">real estate scams</a>. In this case, we should start by explaining what a home inspection is.</p> <h2 class="mb-4">What Is a Home Inspection?</h2> <p class="mb-4"><strong>A home inspection is an inspection of the current material condition of a property</strong>. A home inspector will inspect the fire and safety conditions, the HVAC system, electrical work, plumbing, water, sewage, and look for any issues that could affect the value of a property, and make a report on the findings.</p> <p class="mb-4">It should be noted that a home inspection is not the same as a home appraisal. A <a href="https://sleeveuphomes.com/the-home-appraisal-process-what-is-it-and-how-does-it-work">home appraisal</a> is used to determine the fair market value of a property, accounting for factors like the location, the square footage, the current situation in the real estate market, etc.</p> <p class="mb-4">A home inspection, on the other hand, is specifically done to determine the current condition of a property and does not account for the other factors. In short, <strong>a home appraisal assesses the value of a house, while a home inspection finds out what needs to be repaired.</strong> That is, when it is done properly – and that’s how we get to home inspection scams.</p> <h2 class="mb-4">How Home Inspection Scams Work</h2> <p class="mb-4">This scam usually targets buyers, but sellers aren’t exempt. <strong>A buyer or seller home inspection scam is a home inspection that is performed poorly, either intentionally or due to negligence, often with unnecessary costs added on</strong>. Here are the three most common methods:</p> <h3 class="mb-4">Home Inspection Scam Method 1: Intentionally Performing a Bad Inspection</h3> <p>This type of home inspection scam is the most malicious one (but fortunately not very common). In this case, your real estate agent has very close ties with a home inspector. They recommend them and the inspector intentionally overlooks problems with a house when they are hired. Now, why would they do this?</p> <p>Because the agent won’t make his commission unless the sale goes through. So they recommend a home inspector that ignores problems in order to make the sale go smoothly. The best-case scenario here is that you sniff out that something is wrong and hire another home inspector (but even that entails paying a new fee).</p> <p><img alt="Surveyor In Hard Hat And High Visibility Jacket With Digital Tablet Carrying Out House Inspection" class="img-fluid" src="https://sleeveuphomes.com/img/home-inspection-sleeveup.jpg" /></p> <p class="mb-4">The worse option is that you buy the house only to find out that there are many more issues than was presented, so now you need to pay thousands more in repairs than you anticipated. So, how can you protect yourself?</p> <p class="mb-4"><strong>Get an independent home inspector</strong> unless you are 100% sure that your agent has your best interest in mind.</p> <h3 class="mb-4">Home Inspection Scam Method 2: Lack of Training/Intent to Do a Proper Inspection</h3> <p class="mb-4">Some home inspectors may not scam you out of malice, but due to a lack of training or intent to do a proper inspection. However, the end result for a homebuyer is the same, regardless of the motives – you get an unprofessional inspection done that doesn’t uncover the problems of a home.</p> <p class="mb-4">One of the issues is that many states have no formal state-issued licensing for home inspections. Many for-profit and non-profit organizations provide certifications for home inspectors, but there are no unified legal requirements to become one. Further, some states do not even require a home inspector to have a license of any kind.</p> <p class="mb-4">For instance, a home inspector in California is not required to acquire a license. There is no legislation that regulates home inspector licenses or requires licenses to be state-issued. The <a href="https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=BPC&division=3.&title=&part=&chapter=9.3.&article=" rel="nofollow">California Trade Practice Act of 1996</a> (7195 – 7199), alongside some other non-specific legislation and case law, regulates the ethical standards that need to be followed during a home inspection, but there are still no prerequisites on who can perform the inspection.</p> <p class="mb-4">Even in those states where training is required to get a home inspector license, the training is often minimal. In practice, this lack of regulation and training can lead to your home inspector being ill-equipped to do a proper inspection.</p> <p class="mb-4">A home inspector may only do a visual inspection, without delving deeper to uncover the true problems. In accordance with many state laws, that is often the only thing required of them. They may only inspect your roof from the ground, without climbing on a ladder to do a proper inspection (and fixing a bad roof can cost you thousands of dollars).</p> <p class="mb-4">They may even lack experience with new homes. In-depth inspections are often performed on older homes, so some home inspectors may assume that new homes have no issues. There is no reason to believe this is always the case, so an inspection should still be done.</p> <p>Further, they may not know the local building codes. Because no legislation stipulates that home inspectors must have current knowledge on building codes, their knowledge may be outdated. So, what can you do to make sure you get a proper home inspection?</p> <ul> <li class="mb-4"><strong>Hire an inspector that is certified by high-authority bodies or comes with excellent recommendations</strong> (even the states that do not have state-issued licenses have some types of organizations that license home inspectors; e.g. the two largest ones in California are the <a href="https://www.homeinspector.org/" rel="nofollow">American Society of Home Inspectors</a> and the <a href="https://www.creia.org/" rel="nofollow">California Real Estate Inspection Association</a>).</li> <li class="mb-4"><strong>Get it in writing that a full home inspection will be performed.</strong></li> <li class="mb-4"><strong>Get it in writing that the inspection performed will be accurate. </strong></li> <li class="mb-4"><strong>Hire an inspector that has errors and omissions insurance </strong>(even the best home inspectors can make mistakes so E&O insurance lets them pay for repairs if they miss something).</li> </ul> <h3 class="mb-4">Home Inspection Scam Method 3: Additional Costs</h3> <p class="mb-4">The final home inspection scam method involves hidden costs and this one is rather straightforward. A home inspector will give a low rate when offering their services. But that rate suddenly increases when they come to do the inspections.</p> <p>One example would be that their offer only included a visual inspection. So when they come to your house and you want a full inspection done, the rate dramatically increases. The new costs may be double that of what you originally expected.</p> <p class="mb-4"><strong>To protect yourself, make sure you know exactly what the home inspector will do before you agree to an offer.</strong></p> <h3 class="mb-4">Additional Issues</h3> <p class="mb-4">The trouble you could have with home inspectors doesn’t end there. A proper home inspection entails that your inspector takes a hands-on approach and checks your home in detail. During the inspection, they may actually cause damage to your house.</p> <p class="mb-4">Under normal circumstances, home inspectors are not liable for the damage they cause. And there is no point in getting a home inspection if you’re going to end up paying hundreds or thousands of dollars for new repairs.</p> <p><strong>Get it in writing that your home inspector will pay for any damage they cause.</strong></p> <h2 class="mb-4">You Can Be a Target of Real Estate Scams Even if You’re Not Buying or Selling</h2> <p class="mb-4">A home inspection scam usually targets buyers or sellers, but you could be targeted even if you have no intention of buying or selling property. Two home inspection scams have recently become popular:</p> <h3 class="mb-4">Home Inspection Robocalls Scam</h3> <p>You might get numerous calls that you need to get a home inspection done but that it will be free. Often, the reasons they give for the inspection is something along the lines of – they know your home is damaged/you live in a natural risk area and your city requires a home inspection.</p> <p class="mb-4"><strong>Home inspections are not free</strong>. A home appraisal might be and this is where they want you to get confused and ignore the warning signs. The scammers’ intention is to get access to your home to take inventory or even steal items.</p> <h3 class="mb-4">Home Inspection Fire Scams</h3> <p class="mb-4">There are many reports that home inspection fire scams have also been on the rise lately. In short, scammers come into a building without a prior appointment, present themselves as fire inspectors, pretend to do a safety inspection, get your signature that the inspection was done, and send you a bill in the mail.</p> <p class="mb-4">The scammers will often have fake uniforms and badges, so spotting them may be tricky. To protect yourself, <strong>don’t let anyone into your home until they give you the proper identification and you check with the appropriate authority</strong>. Reputable companies will rarely go door-to-door offering fire inspections services.</p> <h2 class="mb-4">Can You Sue a Home Inspector?</h2> <p class="mb-4">Yes, you can sue a home inspector for negligence or for not honoring their contract. However, to prove negligence, you will often need to prove that the inspector did something that they should not have done and that it directly caused you damage.</p> <p class="mb-4">You cannot win a lawsuit against your home inspector if they performed a professional inspection and acted with due diligence, and the inspection made the buyer no longer interested in buying your home. They are not liable for a deal falling through in such cases.</p> <h2 class="mb-4">The Simplest Way to Avoid Home Inspection Scams When Selling a House</h2> <p class="mb-4">If you are selling your house and worried about a home inspection scam, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your house as-is for cash, so you don’t need to worry about a home inspection.</p> <p class="mb-4">Additionally, because you are selling the home directly to us, you won’t be paying any agent fees, on top of not worrying about a home inspection. SleeveUp Homes offers top dollar and there are no hidden costs. But don’t take us at our word – <a href="https://sleeveuphomes.com/request-offer">request a free cash offer</a> and see how much you can get for your property.</p> </hp> <p></p> <p></p> <p></p> <p></p> <p></p> <p></p> <p></p>
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            • short_descriptionAre you worried about falling prey to a home inspection scam? Discretion is the better part of valour, so learn how to avoid home inspection scams.
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            • title10 Essential Tools for Homeowners – Small Investments, Big Fixes
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/essential-tools-for-homeowners" }, "headline": "10 Essential Tools for Homeowners – Small Investments, Big Fixes", "description": "Your home needs some fixing? Here are 10 essential tools for homeowners that are the starting point for all small- and large-scale repairs and fixes.", "image": "https://sleeveuphomes.com/files/blog/0d2cc645-94c6-4576-b5cd-4db03461d6a8_man-holding-a-drill-and-a-toolbox.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-03-16", "dateModified": "2022-03-16" } </script> <p>What if we told you that you can often unclog a sink in about 20 minutes with just a screwdriver and some wire if a plunger doesn’t get the job done? And you don’t need to be handy or knowledgeable either. All you need is an internet connection for instructions and some essential tools for homeowners.</p> <p>It may seem simpler to call over a plumber or a friend to help you fix something. But at the end of the day, you can’t be calling a friend over every time you need something repaired, and <em>something always needs fixing when you are a homeowner</em>. You <em>can </em>call a professional, but that, well, costs money.</p> <p>Just give it a try yourself. You won’t be able to fix everything, but you’ll be surprised at how many things you can fix if you put your mind to it and have the proper tools. On that note, here are 10 essential tools for homeowners that you should always have in your house.</p> <h2>1. Basic Tools for Home Repair – the Claw Hammer</h2> <p>A claw hammer should always be included in your starter tool kit. Obviously, you drive nails with it. But you can also take out nails with a claw hammer. And every time you need a little more force to make something click together or get separated, you use a hammer.</p> <p>And here’s a tip if you’re afraid of damaging something – put a piece of soft wood between the surface you plan to hit and the hammer. The wood will transfer the power so you’ll get the job done, but it will prevent any dents in the underlying surface.</p> <h2>2. A Screwdrivers Set</h2> <p>Want to tighten a cabinet door? You need a screwdriver. Need to install a new hinge? You need a screwdriver. Want to change your light switch? You need a screwdriver. Looking to… you get the point. Screwdrivers are must-have tools for new homeowners.</p> <p>As a side note, while screwdrivers are some of the most commonly used and best tools for home repair, you don’t need to start out with a full set. But make sure you at least get both a common-sized flat-head and Phillips (cross-head) screwdriver.</p> <h2>3. A 25-foot Tape Measure</h2> <p>Eyeballing things can cause you unnecessary headaches. And why eyeball when you can get a tape measure for practically nothing? Getting a new armchair and you’re not sure if it can fit through the door? That’s why you have the tape measure. Hanging up a new picture and you want to align it perfectly? Once again, you have the tape measure.</p> <p>Tape measures come in different lengths and you can essentially get the one you think you need, but the 25-foot one will cover most everything. In short, tape measures of any length are essential tools for homeowners, so don’t forget to get them.</p> <h2>4. Wrenches</h2> <p>Your faucet will start leaking at some point, it’s 100% guaranteed. So you get a wrench and tighten it. It really is that simple. You’ll need a wrench for most plumbing fixes and when you’re building something. However, wrenches come in many different sizes and while you could get specialized ones, it’s perfectly fine to start with an adjustable wrench – it gets the job done.</p> <h2>5. A Set of Pliers</h2> <p>Pliers are some of the best tools because they can be used for just about anything. You can use them to pull out nails, get a good grip on what it is you need to hold, slice wires, or even use them as a makeshift hammer when you don’t have one on hand. Simply put, pliers are essential tools for homeowners.</p> <h2>6. A Plunger</h2> <p>Drains will get clogged, as sure as the Sun will come up in the east. Whether it’s due to hair (which is the most common cause), skin flakes, or soap scum is irrelevant. Hence, people invented the plunger. So a plunger is definitely one of the tools every homeowner needs.</p> <p>However, don’t get the cheapest one. The plunger will only work if it can form a tight seal around the drain you’re trying to unplug and the cheapest ones often don’t do a good job. Spend a few extra bucks to get a good plunger – you’ll be happy you did.</p> <h2>7. A Utility Knife</h2> <p>Your home tool set should always include a utility knife. From opening boxes to shaving wood, you’ll need one of these. Why can’t you use a regular kitchen knife? For one, utility knives are more practical and used for finesse. Plus, there’s a good chance you’ll break the tip of your kitchen knife when you use it for household repairs.</p> <p>Whether you get a folding or retracting model is up to you. But we’d recommend you get one with an ergonomic handle because you’ll be using it a lot.</p> <h2>8. Duct Tape</h2> <p>Yes, fixing things with duct tape isn’t the most… visually pleasing solution. But it works. You can’t talk about essential tools for homeowners without mentioning duct tape. Duct tape allows for cheap and easy fixes for many small things that are chipped or broken and it will do a fine job until you get around to fixing it properly. So always have duct tape in your house.</p> <h2>9. Flashlight</h2> <p>After you’ve spent 10 minutes searching for a screw that rolled behind a cabinet by feel, you’ll know why you need a flashlight. Your phone’s flashlight can do the job? In most cases, yes, but when you’re fixing something, no. A flashlight is more maneuverable and practical when you need both hands to do something or fit into tight spots. And it’s not like basic flashlights are expensive.</p> <h2>10. A Toolbox</h2> <p>Once you’ve got all the essential tools for homeowners, you need a container for them. And a toolbox is much better than a cardboard box or keeping the tools in the drawer. You can keep your tools for home repair neatly organized and carry them wherever you need to go.</p> <h2>Upgrading Your Home Repair Tool Kit</h2> <p>We’ve covered essential tools for homeowners, but you can always consider upgrading your basic home repair tool kit. So here are 5 additional tools that are worth having.</p> <h3>Step Ladder</h3> <p>Look, you can reach most places by climbing on top of a chair, table, or counter. But you could get injured just as easily. A dedicated step ladder can be a literal lifesaver when you need to reach high-up places, so it’s well worth getting one.</p> <p><img alt="Two women on a step ladder" class="img-fluid" src="https://sleeveuphomes.com/img/two-women-on-a-step-ladder.jpg" /></p> <h3>Multi-Bit Screwdriver</h3> <p>Screws come in many dimensions and shapes. The best option is to have a professional screwdriver kit for everything. But that can be a bit expensive. A multi-bit screwdriver is the middle ground between a professional kit and just having a flat-head and Phillips screwdrivers, so it’s worth considering getting one.</p> <h3>Level</h3> <p>Want the Ikea table you are building to be nice and level? Does the picture seem a bit to the side? Get a level and do it properly. You can get high-accuracy laser levels, but they’re on the expensive side and you don’t really need them unless you are doing big construction projects. A regular, cheap level will do in most cases.</p> <h3>Caulking Gun</h3> <p>For some reason, people often don’t have a caulking gun, but it’s one of the most common tools you need for home repairs. You’ll use it anytime you need to fill a crack - be it around your sink, bathtub, window, or door. While you can squeeze silicone by hand, you’ll never get nice straight lines and it will ultimately look off.</p> <h3>Saw</h3> <p>Finally, your basic tool kit should include a handsaw if you have a yard. From pruning to trimming lumber, a handsaw is the way to go. When you get to doing big projects or if you have a lot of firewood to cut, a power saw is the better option. But for small household maintenance, a handsaw is enough.</p> <h2>Tired of Making Repairs?</h2> <p>If the repairs your home needs become too overwhelming and you’re thinking of selling, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your house in its current condition – no repairs necessary – and pay top dollar. Plus, you don’t need to hold open houses or worry about working with realtors.</p> <p>We’ll buy the house directly from you, so you don’t need to prep it for sale nor pay the realtor commission, and we’ll take care of the closing costs. But there’s no reason to rush things – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> to see how much you can get and call us back once you make up your mind.</p>
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            • autor_nameSleeveUp Homes
            • titleConverting Your Home - 20 Best Home Office Ideas In 2022
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/modern-home-office-ideas" }, "headline": "Converting Your Home - 20 Best Home Office Ideas In 2022", "description": "Feeling uninspired in your current workspace? Here are the 20 best modern home office ideas that will level up your work-from-home game.", "image": "https://sleeveuphomes.com/files/blog/8abd562c-7896-4c7b-ab6c-475544e96ccf_modern-home-office.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-03-28", "dateModified": "2022-03-28" } </script> <p>Do you feel uninspired in your home workspace? Then it’s time for some refurbishing. A charming workspace can level up your work-from-home game, so why not tweak it up? Modern home offices offer fewer distractions, helping you focus and do your best.</p> <p>Whether you have a nook in your living room you can use as a dedicated workspace, or you’re thinking about transforming an unused guest room into a modern home office, spending a little time on the personalization of your space will pay off.</p> <p>Below, we gathered some of the best modern home office ideas you can use to enhance your work zone.</p> <h2>Prioritize Your Desk Chair</h2> <p>Prioritize your desk chair as you’ll spend a lot of time in it. The wrong posture in an uncomfortable chair is one of the worst things for your productivity, as back pain can prevent you from performing well. Although office furniture can be an eyesore, modern designs offer both looks and comfort.</p> <h2>Go for the Room with Natural Light</h2> <p>When choosing a room for your modern workspace, go for the one with the most natural light. Natural light can help you be more productive and prevent afternoon drowsiness. On top of that, it can make a space look larger and more open.</p> <h2>Fit Desk to Your Room</h2> <p>If you have a small apartment, you likely don’t have enough room for an oversized desk. Fret not, as you can pick a smaller desk that offers enough room for what you need and nothing more. Space for a laptop is usually enough unless you’re using your desk for other projects.</p> <h2>Keep it White and Simple</h2> <p>Although some colors can inspire creativity, a simple, white home office space offers fewer distractions and lets you play with colorful accents. Adding plants and understated, modern office images will help add the finishing touch so the space doesn’t appear sterile.</p> <h2>Change Your Light Fixture</h2> <p>The right lighting in your workspace is vital for productivity (and all those Zoom calls). That’s why changing an old-time light fixture is one of the best modern home office ideas you can implement into your space. It’s an easy upgrade that can level up your performance and won’t take more than a few hours.</p> <h2>Add Contemporary Black-and-White Artwork</h2> <p>Add some gorgeous black-and-white art to make your home office feel more contemporary. Ink sketches and photography are wonderful modern home office ideas as they can make any space more sophisticated.</p> <p>A simple gallery wall above your desk will add a bit of visual interest to your office space, and if the room also has another purpose, it can define the space.</p> <h2>Add a Vintage Touch</h2> <p>Modern spaces usually rely on clean lines and elegant shapes, but no one said you can’t mix them up with a couple of vintage pieces. A traditional desk with ornamentation can give more liveliness to a modern space.</p> <p><img alt="Vintage Desk with a Lamp and Chair" class="img-fluid" src="https://sleeveuphomes.com/img/vintage-desk.jpg" /></p> <p>Just ensure you stay at a few pieces. You don’t want your modern home office to turn into a furniture museum. Light walls and streamlined modern office decor will prevent traditional, bulky furniture from feeling too weighty.</p> <h2>Choose a Tiny Desk</h2> <p>Creating an office space in a small home can be challenging but not impossible. Adding a small but quaint secretary desk in the nook can make a big difference without taking up too much space.</p> <p>Focus on dramatic statement pieces to add style to your home office, and see how a workaholic wakes up in you.</p> <h2>Go Dark</h2> <p>Although offices typically have neutral color palette tendencies, going dark and moody may be right for you. If you’re on the dark side and enjoy the depth of colors, opt for hunter green or navy blue. Such colors add a bit of magic to space and can help you focus calmly.</p> <h2>Consider Scandinavian Design</h2> <p>If you’re going for a minimalist and streamlined modern home office, consider adding a Scandinavian-inspired desk. <a href="https://www.scandinaviastandard.com/what-is-scandinavian-design/" rel="nofollow">Scandinavian design</a> is simple and understated and lets you accentuate according to your style.</p> <h2>Add a Statement Piece</h2> <p>Investing in a statement piece, such as a modern aggressive red chair, can be an excellent way to give your home office personality. Pair it with a mirrored item, for example, a desk, to make the area look larger and give your home office exquisite style.</p> <h2>Go Boho</h2> <p>If you’re into boho, why not add it to your modern home office? Think about wood or wicker fused with neutral colors and plants. Plants are unavoidable when it comes to boho. Plus, with all that oxygen they so generously give away, they can help you focus. If you have plenty of light, go wild with green. If you live in the shadows, there’s always spathiphyllum.</p> <h2>Choose Your Wallpaper</h2> <p>Wallpapers may seem passé, but accenting a wall with a bold graphic wallpaper can be one of the best modern home office ideas. It’s an excellent way to create visual interest without using many objects and accessories.</p> <h2>Add Uniqueness</h2> <p>Although the contemporary style is simple without unnecessary accents and decorations, it doesn't have to be dull. Add some unique pieces, such as geometric shelves that can give a surprising charisma to your modern workspace. Since you’ll be spending a lot of time there, why not make a room that makes you smile?</p> <h2>Go Minimal</h2> <p>Contemporary spaces work well with minimalist decor. Go for a few accents or austere wall art to create a soothing, neutral home office space that doesn’t feel flashy or cluttered. A modern home office background will work great with a monochrome color palette, keeping your workspace understated and clean.</p> <h2>Paint Your Ceiling Darker</h2> <p>Paint your ceiling darker than your walls for a modern home office design. That way you can create a cozy feeling in your workspace, especially if you have a larger space that feels too hollow. Again, shades of green and blue will work best as they induce feelings of calm and can help you concentrate.</p> <h2>Choose Floating Shelves</h2> <p>Adding a few floating shelves to your contemporary workspace can add a custom look to your home office. Also, it’s an excellent dock for accessories and books, helping add visual interest to a room without taking up too much space.</p> <h2>Try Black Elegance</h2> <p>A black wall can add supreme elegance to a space and give your modern home office a chic look. Ensure you don’t go overboard, as too much darkness can make a space feel close and congested. Combine it with natural elements, such as wood and greenery, and ensure you have enough light.</p> <h2>Table Instead of Desk</h2> <p>Most of your files are likely stored in the cloud, so you might not even need all those filing drawers and cabinets desks come with. Instead, give a simple table a new purpose and use it as a desk.</p> <h2>Consider Wood Walls</h2> <p>A rustic wood wall is a wonderful way to add warmth and freshen up plain office space and add a rural edge. Modern office design can work great with old-fashioned elements as long as you don’t add many. Wood walls offer a lot of visual interest without distracting you from your tasks.</p> <h2>Not in the Mood for Redesigning?</h2> <p>If the redesign of your home becomes overwhelming and you’re considering selling it, get in touch with <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We will buy your home in its current state and pay top dollar. You won’t even have to worry about holding an open house or working with realtors.</p> <p>We’ll buy the house directly from you, so you don’t have to pay the realtor commission and prepare it for sale. We’ll take care of the closing costs too. There’s no need to rush things, though. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see how much you can get. Then, call us back when you make your choice.</p>
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            • short_description Feeling uninspired in your current workspace? Here are the 20 best modern home office ideas that will level up your work-from-home game.
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            • autor_nameSleeveUp Homes
            • titleTips for First Time Home Buyers in California
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/tips-for-home-buyers-in-california" }, "headline": "Tips for First Time Home Buyers in California", "description": "If you’re wondering how to buy a house in California for the first time, read our tips, and you’ll be ready for everything the housing market throws at you.", "image": "https://sleeveuphomes.com/files/blog/0fe48567-8856-4998-9542-02e13d01e88e_beachfront-real-estate-in-san-diego-california.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-03-31", "dateModified": "2022-03-31" } </script> <p>If you're a first-time homebuyer in California, you're probably confused and worried about doing it the right way. That's understandable since buying a house <em>anywhere</em> can be complicated and knowing how to buy a house in California is doubly so, due to the state of the housing market.</p> <p>How much is it to buy a house in California? What are the requirements for first-time homebuyers? Asking yourself these questions is normal, but there's no need to worry as house buying doesn't have to be difficult. Especially if you inform yourself well and know everything before buying your new home.</p> <p>That way, you won't end up surprised with all the requirements and paperwork you must complete, and you'll be ready for everything the housing market throws at you. We prepared these tips for first-time homebuyers so you can learn how to buy a house in California and do it trouble-free. So, keep reading and find your dream home.</p> <h2>Calculate Your Finances</h2> <p>Before moving on to steps on how to buy a house in California for the first time, <strong>understand how your financial situation affects your home buying alternatives</strong>. You can do that by taking inventory of the financial requirements described below.</p> <h3>Stable Income Within the Last Two Years</h3> <p>If you intend to take out a home loan to buy a house in California, you need to have proof of receiving a steady income from an employer within the last two years. If you’re self-employed, you need to provide valid documentation on where your money comes from.</p> <h3>Good Credit Score</h3> <p>You need to have a credit score of at least 620 to qualify for a conventional mortgage. Maybe you’re wondering <strong>how to buy a house in California with a lower credit score</strong>. In that case, you may be able to get a Federal Housing Administration (FHA) loan with a credit score of 580. However, you must have a lower debt-to-income ratio.</p> <h3>Payment History</h3> <p>Lenders may be reluctant to lend you money if you have a history of late payments, even with a high credit score and stable income. That’s why you need to ensure that you have paid off your bills on time for the last 12 months before applying for a loan.</p> <h3>Debt-to-Income Ratio</h3> <p>The debt-to-income ratio refers to your monthly debt payments divided by your gross monthly income before taxes. You shouldn’t exceed 50% before applying for a loan, or it will be challenging to find a lender who will approve your application.</p> <h3>Excess or Delinquent Debt</h3> <p>If you have delinquent debt or your DTI ratio exceeds what you need to qualify for a mortgage, pay them off before applying for a loan.</p> <h3>Down Payment</h3> <p>Lenders in California require you to make a down payment towards the house of at least 3% of the purchasing price. That’s how they counterbalance their risk.</p> <h3>Closing Costs</h3> <p><strong>Buying a house in California involves several closing costs</strong>. As the buyer, you’ll have to pay a majority of these expenses, which can add up from 2% to 5% of the sale price.</p> <ul> <li>Appraisal and inspection fees</li> <li>Loan application fees</li> <li>Property taxes</li> <li>Homeowners insurance</li> <li>Title insurance policies and fees</li> </ul> <h2>Choose the Right Area</h2> <p><strong>Consider the neighborhood when buying a house in California</strong>, as it can be as important as its features. The following factors can help you decide which area is best for you.</p> <p><img alt="California Street" class="img-fluid" src="https://sleeveuphomes.com/img/california-street.jpg" /></p> <h3>House Buying Budget</h3> <p>Once you know your house-buying budget, you can narrow your search to areas where houses are selling within your buying budget. The typical home value in California is around 758,400 dollars.</p> <p>But fret not if that exceeds your budget. If you’re wondering <strong>how to buy a house in California with a low income</strong>, you should explore the market more since home prices fluctuate from city to city and find the one that matches your budget.</p> <p>Look at the past home value trends too, as that can tell you how much your home’s value could increase over the following years. Ideally, you will choose an area that matches your budget and can result in a significant return on investment if you decide to sell it.</p> <h3>Local Amenities</h3> <p>The next step on how to buy a house in California is to evaluate how well each neighborhood in your budget matches your needs and preferences. Some factors to consider are school districts, crime rates, restaurants and amenities, transportation options, etc.</p> <h2>Get Pre-Approved for a Loan</h2> <p>Many housing markets in California are pretty competitive, where a single house often receives several offers. By getting a pre-approval letter from a mortgage lender, you can get an advantage and even get the seller to show you the house. That way, you will show you’re financially ready to put in an offer on the house.</p> <p>When looking at how to buy a house in California, you should find an excellent mortgage lender. Considering the following factors can help.</p> <ul> <li><strong>Lenders</strong>: In the sea of mortgage lenders, try to find one with a proven track record of serving satisfied customers. Also, it’s a good idea to find a lender who’s easy to work with and can process your loan fast.</li> <li><a href="https://sleeveuphomes.com/interest-rate-increase-affecting-mortgages"><strong>Interest rates</strong></a>: Interest rates refer to the amount the lender charges you and is a percentage of the amount you borrowed. They can fluctuate day to day and from state to state, depending on your financial situation, the length of your mortgage, and the local economy.</li> </ul> <h2>Find a Competent Real Estate Agent in California</h2> <p>Apart from finding and showing you homes, your real estate agent should give you expert advice on how to buy a house in California. They should also help you make offers, negotiate contracts, and guide the closing process. On top of that, the agent can recommend other service providers, such as inspectors and title companies.</p> <p>However, don’t rush and pick the first agent you come across. Be patient and <strong>research various agents</strong> with experience in the neighborhoods you’re considering.</p> <p>Ask them about their target areas, how they communicate, and their strategy for helping you buy your new house. Choose the one that you find competent and feel comfortable with his or her experience, knowledge, and process.</p> <h2>Start Searching for Houses in California</h2> <p>Searching for houses in California can be entertaining. You’ll see various homes and discover what you need and want in a home. If you must choose between your needs and wants, prioritize needs.</p> <p><strong>Make a list of everything you want in a house</strong>. The items most important to you should be at the top of the list. That will help you separate your needs and wants. Then, your real estate agent can help you realize whether your wants are realistic for your budget or if you need to reconsider your options.</p> <p>The timing of your house search in California can also affect the number of your options. In California, May has typically seen the most houses for sale. That said, <a href="https://sleeveuphomes.com/what-is-the-best-month-to-sell-a-house">house-hunting in May</a> could offer you more alternatives and better chances of finding a perfect home.</p> <h2>Place an Offer</h2> <p>If you’re buying in a hot market, you must <strong>act fast</strong> and try to sweeten the deal. That way, you can increase the chances the seller will choose you over other prospective buyers. Below are several ways you can do that.</p> <ul> <li>Place a deposit larger than 20% of the selling price.</li> <li>Ask for seller concessions. That way the mortgage will include your closing costs, and the seller will sell the house at a higher price.</li> <li>Ask for repair credits so that you can control the repairs. That way the seller doesn’t have to risk exceeding their budget to fix something.</li> </ul> <h2>Inspections and Appraisals</h2> <p><strong>Inspections and appraisals are ways for a better evaluation of the house’s condition and value</strong> before you buy it. You may have a chance to renegotiate the terms of your contract after this step is complete.</p> <p>Having a licensed inspector inspect your home will give you peace of mind about its condition before spending thousands of dollars to buy it. The inspector should check out the foundation, roof, electrical and HVAC systems, and plumbing. If the house has a septic system, you should also invest in a septic inspection.</p> <p>Appraisals help determine the value of the home. If you’re using a mortgage to buy your new house, your lender will order an appraisal to ensure the property is worth the loan.</p> <h2>Close Your New House in California</h2> <p>Closing is the process of finalizing<a href="https://sleeveuphomes.com/interest-rate-increase-affecting-mortgages"> your mortgage</a> and transferring ownership of the house. You’ll be ready for closing once you finish with inspections and appraisals and your lender approves your financing. <strong>The closing process includes signing the required documents and paying the closing expenses</strong>.</p> <p>On the closing date at the title company, you’ll need to read and sign documents like the final loan application, the deed transfer, and disclosures. Before signing, ensure you understand each document. Your agent can help you if you have any questions.</p> <p>Once you complete the paperwork, you’ll need to pay closing expenses. The title company will collect the total amount you owe for different services and pay each party on your behalf. Buyers in California typically pay 3-5% of the purchase price in the closing expenses.</p> <h2>Not What You Expected?</h2> <p>If you find your new home isn't right for you after all and you could use some cash for your next investment, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We'll buy your house in its current condition and pay top dollar for it.</p> <p>We're not wholesalers but local Southern California investors. We do all repair and remodeling projects, and we can make some pretty irresistible offers. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> and see what we mean.</p>
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            • short_descriptionIf you’re wondering how to buy a house in California for the first time, read our tips, and you’ll be ready for everything the housing market throws at you.
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            • titleSimple Home Improvements: Low Maintenance Front Yard Curb Appeal in 2022
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/low-maintenance-front-yard-improvements" }, "headline": "Simple Home Improvements: Low Maintenance Front Yard Curb Appeal in 2022", "description": "Are you looking for low maintenance front yard curb appeal ideas? You’ve come to the right place – learn how to improve your curb appeal with minimal effort.", "image": "https://sleeveuphomes.com/files/blog/c7798864-54f9-49f6-8ed4-0246d7cb2c21_exterior-of-modern-house-with-front-yard.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-04-01", "dateModified": "2022-04-01" } </script> <p>It will come as no big surprise that curb appeal is the number one selling point of your house. After all, it’s the first impression people get of your home and first impressions matter. However, improving or maintaining curb appeal can be a relatively large undertaking. That’s why this article will focus on low maintenance front yard curb appeal – you get what you need with minimal investment.</p> <p>Whether you want your house to be appealing because that’s how you like it or you are thinking of selling so you want to attract buyers, this article will provide front yard landscaping ideas that are easy to implement. If you are still unsure of the importance of curb appeal, well, <a href="https://www.homelight.com/blog/real-estate-top-agent-insights-survey-q2-2019/" rel="nofollow">94% of real estate agents</a> say that buyers pay more for houses with good curb appeal. So let’s get to it.</p> <h2>Low Maintenance Landscaping Ideas</h2> <h2>Display Your House – Cut Down on the Vegetation</h2> <p><strong>Your home can appear messy when most of it is covered by mature trees or large shrubs</strong>. Even if the trees and shrubs are perfectly pruned, your home will appear overgrown at first glance. And because curb appeal is all about <em>first impressions</em>, this is not something you want. Additionally, it can make your home appear smaller, which is not a good thing.</p> <p>Thus, cross the street and take a good look at your yard. Try to think from the perspective of potential buyers. Does your vegetation look out of control and messy? Does it shrink your house? If the answer is yes, pull out some trees and shrubs or give them a good trim. You don’t need to apply innovative, modern front yard landscaping ideas if a simple trim will do the job.</p> <p>Electric trimmers are not too expensive and they will help you do the job quickly. Just make sure you wear gloves and protective eyewear – there’s no reason to injure yourself when doing front yard maintenance.</p> <h2>Or Add Some Vegetation</h2> <p>On the opposite end of too much vegetation is too little. Proper balance is essential to curb appeal. You have multiple options here – you can plant trees, shrubs, or lay garden beds. However, these plants take time (even years if we’re talking about trees) to mature and bloom, so they are not a good option if you are increasing curb appeal in order to sell.</p> <p>But that’s why potted plants exist. <strong>They are the definition of low effort, low maintenance curb appeal</strong>. Buy flowers that are already in full bloom and you have a 5-minute colorful garden with the same effect as a flower bed.</p> <p>And potted plants have another benefit – you can use the pots themselves to increase your curb appeal. Vary them by size and style if you are looking for some diversity, or keep them all the same if you are going for a uniform look. You can even go modern and use old shoes or kettles to get a unique look.</p> <p>It’s up to you to choose which option you go for, but too few plants is just as bad as too many plants. A good composition will make your house more vibrant and attract buyers.</p> <h2>Have You Considered Removing Your Grass Lawn?</h2> <p>A neatly mowed, tidy green grass lawn adds to curb appeal, there's no doubt about it. But it doesn’t fall into the <em>low maintenance</em> front yard curb appeal category, particularly during times of drought, as it is so often in Southern California. So, have you considered removing it?</p> <p>There are multiple rebates for removing grass turf in California, some going as high as <a href="https://bawsca.org/conserve/rebates/lawn" rel="nofollow">$4 per square foot</a>. The primary purpose is to conserve water usage and some even offer to install additional features like smart irrigation, stormwater retention systems, or a water feature.</p> <p>But how would that affect your front yard curb appeal? Not at all, if you replaced grass turf with a sustainable landscape design with native plants. <strong>Drought-tolerant plants like cacti combined with gravel and stone are very popular right now and will have the same positive impact on passers-by</strong>.</p> <p>So, while removing grass turf will not increase your curb appeal, it will make it low maintenance – no more mowing, watering, or fertilizing.</p> <h2>Some Cheap Installations</h2> <h2>Redo Your Driveway or Walkway</h2> <p>Cracking cement and unruly weeds will bring down the overall appeal of your house. Buyers will come to inspect your home and this can make your home seem unkempt, consequently bringing down the price. Now, <strong>redoing the entire walkway or driveway can be expensive, and won’t necessarily have the best return on investment</strong>.</p> <p>And because this article focuses on low maintenance front yard curb appeal, this is not what we are suggesting. However, what you can do is redo your walkway with paving stones. Paving stones make your house look more sophisticated, plus they're much easier to repair – you replace one stone instead of repairing a whole section of concrete.</p> <p>If this is the path you choose, go for a longer, winding walkway instead of a straight one leading to your door. It is visually more appealing and will increase your curb appeal. In case even this is too much work or beyond your budget, you can simply line your walkway with the potted plants we discussed before – it has a similar effect and when combined with a cracked walkway may give your house a rustic look, instead of an unmaintained one.</p> <p>Remember, <strong>curb appeal is all about presentation and first impressions</strong>, so it doesn’t matter why something is the way it is but what it appears to be.</p> <h2>Solar Lights for Night-Time Illumination</h2> <p>Now that we’re finished with cheap, simple front yard landscaping ideas, let's move on to highlighting them. After all, why improve your curb appeal and then limit yourself to daytime viewing? <strong>A well-lit house will attract any buyer looking at your house at night, plus it looks great in listing photos</strong>. And if you install solar lanterns, it’s a triple win.</p> <p><img alt="Outdoor Lamp on Yard Lawn" class="img-fluid" src="https://sleeveuphomes.com/img/front-yard-outdoor-lamp.jpg" /></p> <p>First, you have a well-lit house that increases your curb appeal all by itself. Second, solar lights are very low maintenance. Third, sustainability is another selling point. No, you are not <a href="https://sleeveuphomes.com/how-much-does-it-cost-to-build-a-sustainable-house">building a sustainable home</a>, but solar lanterns combined with sustainable landscaping are a good stepping stone and buyers are willing to pay more.</p> <p>As far as where you should place the lights, well, you can experiment a bit. Try placing them along your walkway and any other feature you wish to highlight. Solar lanterns are easy and cheap to install, so don’t be afraid to position them in different places until you find the look you want.</p> <h2>The Finishing Touches</h2> <h2>Enhance Your Mailbox</h2> <p>We’re talking about low maintenance front yard curb appeal, but still haven’t mentioned your mailbox, which we’ll rectify right now. The mailbox may seem small and insignificant, but it’s often the first thing potential buyers see. Getting a new mailbox won’t break the bank, afterward, it requires no maintenance, and you’ve got a new feature buyers will be attracted to.</p> <p>But make sure you check the local laws or HOA ordinances if you are going for a more extravagant mailbox. On the other hand, if you don’t want to change your mailbox, a fresh coat of paint will do a similar job. Choose either option, just <strong>don’t leave your mailbox as-is if it is in a state of disrepair</strong>.</p> <h2>Get Some New House Numbers</h2> <p>Finally, we get to the simplest improvement you can make – changing your house numbers. This may seem even more insignificant, but think of it this way – you’ve got a nice new mailbox, a well-lit walkway, attractive landscaping features, and old generic house numbers. They will stick out like a sore thumb and kill the entire vibe.</p> <p>Once again, <strong>you are not appealing to reason but to emotions</strong>. You want potential buyers to feel like they <em>need </em>to live in your house. That’s why the overall impression matters. Make sure your numbers match the exterior finish and lighting fixtures and you’ve got a winner. Oh, we forgot to mention that house numbers are dirt cheap, even custom-made ones.</p> <h2>What’s Even Better than Low Maintenance Front Yard Curb Appeal?</h2> <p>If you are selling your house, no need for curb appeal at all. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house for cash as-is and pay top dollar. You do not need to get your house ready for sale because we look for potential and will pay the full price either way.</p> <p>That also means you don’t need to make any repairs or hold open houses. And because you are selling directly to us, you won’t have to pay a realtor commission. But don’t take us at our word that we pay top dollar – <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a>, no strings attached, and take your time to think on it.</p>
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            • short_descriptionAre you looking for low maintenance front yard curb appeal ideas? You’ve come to the right place – learn how to improve your curb appeal with minimal effort.
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            • titleGranny Flat: New Affordable Housing Trend
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/granny-flat" }, "headline": "Granny Flat: New Affordable Housing Trend", "description": "Ever wondered what a granny flat is? Read this article to find out what it is, the other names it has, how to add it to your home, and how to insure it.", "image": "https://sleeveuphomes.com/files/blog/aa1560e3-29fd-4a61-b509-f953c4a66fb8_granny-flat.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-04-07", "dateModified": "2022-04-07" } </script> <p>Did you ever wonder what is a granny flat and why is it called that? Is it just a flat where your grandma lives? Well, it could be. But essentially, <strong>a granny flat is an additional living space on your single-family property</strong>. It can be a living space for the elderly you are taking care of, a home office, a guest house, or a renting unit.</p> <p>The main thing is that this accessory dwelling unit (ADU) has living spaces independent from those in your main residence. It has its own kitchen, bathroom, living room, and bedroom, and does not share any of those with the primary dwelling.</p> <p>This additional space can be added or renovated, it can be inside or outside your house, it can have a separate entrance, or you can share a hallway. There are many possibilities and the best thing about it is that ADU is great affordable housing, especially for young people who are just starting their careers.</p> <p>There are many pros to having a granny flat, depending on what you are using it for. Whether you decide to <a href="https://sleeveuphomes.com/rent-jumps-to-new-highs">rent</a> it out, or to use it yourself, here we laid out some pointers for utilizing your property and creating an accessory dwelling unit.</p> <h2>In Other Words…</h2> <p>The name <em>granny flat</em> comes from the popular usage of the space, where instead of the elderly family members living alone or in a nursing home, they lived independently on your property. <strong>Another popular word for this space is an in-law suite, or mother-in-law suite</strong>, and for the same reason.</p> <p>It is a great way of symbiotic cooperation between generations. In-laws can be helping with child care, and a younger couple could be helping with transportation, health issues, or other day-to-day activities.</p> <p>Additionally, you may have heard of pool houses, guest houses, laneway houses, and backyard cottages. Those are all forms of granny flats, although built for a different purpose. But all those units have an independent living space for one to three people.</p> <p>You know how in sitcoms there is always that one friend who will most likely stay single, so the others joke about how he will live in their “place above the garage” or a “basement apartment”? Those are also types of granny flats, but unlike a laneway home, these are structurally attached to the primary dwelling.</p> <p>The point is that however you decide to name that added space to your house, it will be useful to you and the others. Here are a few ways to help you add a granny flat to your primary residence.</p> <h2>Should You Add a Granny Flat to Your Primary Dwelling?</h2> <p>When asking yourself should I convert my single garage to a granny flat, you need to know what could be the purpose of that additional space. There could be many reasons behind this decision, but it is important to figure out how to build and design accordingly.</p> <p>You could rent it permanently, and be a figure in creating affordable housing. If you are not comfortable with sharing your property with someone for a longer period, you can always turn your granny flat into temporary accommodation, such as an Airbnb. The need for a home office is a legitimate reason and an investment in both your home and your mental health.</p> <p>Before you do anything else, <strong>consult with your municipality to check what permits you need and the conditions you need to fulfill to start building your ADU</strong>.</p> <p>You will probably need to get a building and utilities permit (for electricity, water, etc), and depending on where you live, you might need to check height restrictions and hazardous clearance. In case you are just renovating your basement, there is a chance that you don’t need any permits, but you should nevertheless check with local authorities.</p> <p>Now that you have the bureaucratic and motivational part done, it is time to think about your granny flat designs. Usually, you would need to fit everything that a house needs into a tight space. This does not mean that all granny flats are small - many of them are much bigger than an average apartment in a metro area. Still, it is all about the functionality of the space.</p> <h3>Does it Add Value?</h3> <p><strong>A granny flat adds, on average, 20-30% value to a single-house property</strong>. Plus it can create income if you rent it. The cost of building an ADU is different depending on many factors, the first one usually being how much are you willing to pay. Some assessments state that the price is somewhere between 25,000 and 160,000 dollars.</p> <p>The wide range can be explained by the fact that there are at least four types of in-law suites, and each has its pros and cons. Those that are attached to your primary dwelling are less expensive but much more invasive to your family’s privacy. Detached granny flats are more expensive, but give you and your guests a lot more autonomy and privacy.</p> <h2>Structural Forms of the In-Laws Suite</h2> <p>An empty or rarely used garage can be easily transformed into a functional living or office space, that way you are utilizing every square foot of your property. If you have a fixer-upper basement or an attic but do not need that space for your family, you might as well convert them into a granny flat while renovating. An ADU will add more value to your house, as opposed to game rooms and cinemas that people sometimes put in those spaces.</p> <p>A mother-in-law suite could be added on top of your garage with an additional independent entrance. Many granny flat designs online show how to use the space, but when building something on top of your property is it best to consult an architect.</p> <p>The most expensive and permit-needed ADU is to build a stand-alone unit, completely detached from the primary residence. If you were to put that granny flat up for rent, both of your households would be living separately and would only be sharing a lawn.</p> <h2>Insurance for a Granny Flat</h2> <p>Consult with your insurance company about what kind of coverage your potential mother-in-law suite would have. There is a chance that you are not covered if you have a detached unit or an over-the-garage unit. Homeowner insurance probably covers converted garages, basements, and attics.</p> <p>You will likely need to expand coverage for the added dwelling space because your homeowner insurance was designed by the calculations of how much money it would take to rebuild your home.</p> <p>If you put your granny flat up for rent you will most likely need to cover it with the landlord's insurance. It is what would be the safest in case of rent losses, but also in case of any incidents. If the granny flat holds a different postal number than your residency, this could be a legal necessity, otherwise, it is just a suggestion.</p> <h3>Renters' Rights in ADU Accommodation</h3> <p>Renters of AUD in Los Angeles are protected by rent control, but this is not the case for the whole country. Some investors are buying single-family homes, adding granny flats, and renting them out. This creates confusion because a single-family property becomes a multi-family property and the regulations are not clear.</p> <p>Since it is quite a new trend in affordable housing, a granny flat is yet to be concretely and clearly added to state and federal legislation. The fact is that it is much less expensive than renting out a condo in Los Angeles or San Francisco.</p> <h2>Selling a Property with a Granny Flat</h2> <p><img alt="Granny Flat " class="img-fluid" src="https://sleeveuphomes.com/img/granny-flat-sleeveup.jpg" /></p> <p>If you have a property with a granny flat and want to sell it for a top dollar, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> and get the best deal. You can even <a href="https://sleeveuphomes.com/request-offer?">get a cash offer</a> and you do not need to renovate - we look for potential, but still pay full price.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/diy-garage-storage-ideas" }, "headline": "Simple Ideas for Your Next DIY Garage Storage Project", "description": "Spring cleaning time has come, and you would like to organize your garage? Read this article for some DIY garage storage ideas for your next project.", "image": "https://sleeveuphomes.com/files/blog/4ef55e3b-8a05-4e68-9fa4-54f0000ff5dc_woman-looking-at-a-phone-in-a-garage.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-04-20", "dateModified": "2022-04-20" } </script> <p>The garage is often that place in the house that gets cluttered fast, and it looks like it belongs on an episode of <em>Hoarders</em> soon after you tidy it up. What is it about garages that make them a household’s miscellaneous bin? It is usually a lack of storage and space to fit everything that isn’t used that often. We compiled a list of DIY garage storage ideas that you can easily do by yourself.</p> <p>But what is the cheapest way to organize a garage? The answer is probably - do it yourself. We know that remodeling projects are stressful for a family. You would more likely wish to put that work and money into a living space. Rather than spending money on a big garage storage space adjustment, it could be fun and cheap to commit to a weekend DIY garage storage project.</p> <h2>What Does It Mean to Maximize Space?</h2> <p><strong>When you decide to DIY your garage, it is all about maximizing the existing storage space instead of adding square footage</strong>. What does it mean to maximize space? It is to take advantage of unused space, meaning every inch available on the walls, floors, and even ceilings in the garage.</p> <p>There are plenty of garage wall organizers you could buy in a hardware store. Still, in this article, we are talking about DIY garage storage projects. You first need to take everything out of the garage, declutter, and start from scratch; then, you will see that you have ample storage space to fit everything.</p> <p>When you have a clean slate, start measuring everything and finding some DIY garage storage ideas below. Be realistic with your abilities and your budget. Do not forget to label everything. It is so easy but functional.</p> <p>The best garage storage system is the one that fits your family’s needs. The functionality of the space will change once you ask yourself and your family what you use the garage for? Is it a workshop or a gym, or is the car often parked inside? After answering these questions, finding the inspiration, and measuring, you are all set to start your DIY garage storage makeover.</p> <h2>Overhead Storage Unit</h2> <p>Overhead space is often unduly overlooked because it may seem impractical as a storage unit. But we all have some things in our garage that we never use, such as childhood memorabilia and seasonal items that we use once a year.</p> <p><strong>Overhead storage could be a great way to optimize the garage space if you park the car inside</strong>. You can use the ladder or a stool for quick access. If you search online for overhead DIY garage storage, you will find many ways to install shelves and sliders. Still, we chose two storage methods that anyone familiar with tools can create in no time.</p> <h3>Sliding Storage on the Ceiling</h3> <p>A storage unit on the ceiling is a perfect DIY garage storage solution for those homeowners who have many hobbies but not enough storage in their house. There are two ways to keep storage bins on the ceiling, either on a sliding drawer or on a fixed shelf.</p> <p>Sliding ceiling storage has to be one of the best garage storage systems. You need plastic tote boxes and wooden strips. You need the totes to have a thicker rim so they can fit in between the stripes. Wooden stripes need to be strong enough, so using a pine stop strip is best. <em>Use strong glue if you plan to store light to medium light items, and screws and nails for something heavier</em>.</p> <p>Storage on the ceiling can also be in the form of a fixed hanging shelf or a hanger for ladders, yard equipment, and even bike storage. Ceiling storage is an innovative and cheap garage organization trick if you lack space. Grab your tools and start your DIY garage storage reorganization this spring.</p> <h3>Storage over the door</h3> <p>The area around and horizontal space over the garage door is often unused space. This is one of the most accessible garage shelving ideas that can be done even by those not as handy. These shelves are more approachable than the hanging storage because it is screwed into the wall and not the ceiling.</p> <p>You need wooden studs and plywood, connector screws, and corner connectors. <em>This shelf is solid</em>, so you can put anything there, from camping gear to some tools and machines. The price of this DIY garage storage project depends on the size of the shelf, but it is around $150, and it will take approximately 10 hours to finish.</p> <h2>Universal Use of a Coat Rack</h2> <p>Coat racks are not just for hanging coats anymore. The simplest thing that you can do and call it a DIY garage storage project is to put two small coat rack hangers next to each other. It is an easy trick for storing things with a handle and a wider head, such as shovels and rakes.</p> <p>The space can be maximized and organized by some simple stuff. For example, grab a smaller chain piece, roll up your hose and hand it on a coat rack. There you have it - a hose rack.</p> <p>You can also easily create a coat rack for your screwdrivers and wrenches. Take a piece of wood and poke holes the size of your screwdrivers, or carve the dimensions of your wrenches and drill the piece of wood into the wall.</p> <p>Of course, a coat rack can be just that - a hanger for rainy coats and winter jackets. You can put it right next to the entrance door. This is a clever way to keep your house clean during bad weather days. A DIY garage storage project can be a quick task if you think out of the box.</p> <h2>Tool Storage</h2> <p>There are many tool storage ideas for garages, but not all are DIY storage ideas. You can buy a metal board with holes for tool hanging, but why not make it yourself? Here is a neat garage tool organization idea – screw a jar lid on a piece of wood and store tiny fasteners for a tidier look.</p> <p>Another DIY garage storage project that could take one to two days to finish is a tool wall. One of the best wall storage ideas is to screw small iron hooks into a piece of wood and fill out the vertical space on your wall. Tools usually have a hole at the bottom of their handle, so you can hang them by it. Otherwise, you can just place them over the two iron hooks.</p> <p><img alt="diy tool rack" class="img-fluid" src="https://sleeveuphomes.com/img/diy-tool-rack.jpg" /></p> <p>This is useful for homeowners who use their garage as a workshop, so they need their tools in a prominent, accessible place. If you don’t have many tools in your garage, a DIY garage storage wall is unnecessary and will only take up space.</p> <h3>Yard Tool Rack</h3> <p>Yard tools generally take up so much space because of their size and shape. <strong>Luckily there are ways around the mess that they create. Best garage storage systems have vertical space designed for yard tools</strong>.</p> <p>You can take two thick but tall wooden boards and make a cut at an angle. That cut should be as thick as the widest handle of your yard tools. It should be at an angle so the tools wouldn’t fall down.</p> <p>DIY garage storage ideas are everywhere on the internet, but they often seem impossible for an average homeowner. But the pool noodle trick will not disappoint you. Make a yard tool holder out of a pool noodle by cutting it in half and gluing it onto a wall. Make slits in the pool noodle to wedge the handles in. This is as easy as it sounds.</p> <h2>Fishing Equipment storage</h2> <p>The pool noodle trick works for fishing equipment, but especially the fishing rods, as they are thin and the slits on the noodles are narrow. But if you are a passionate fisherman, the noodles will probably not be enough for all your equipment.</p> <p>You can create an overhead holder for your rods by fixing pieces of wood onto a ceiling and screwing wide hooks with an open side. That way, your rods will stay safe and not make a mess.</p> <p><strong>DIY garage storage for fishing equipment can also be a display of all your baits</strong>. If you have a lot of baits, this bait rack will offer you access to all of them. Plus, it sure is fun to have a colorful garage decoys exhibit.</p> <h2>Sliding Door Cabinet</h2> <p>DIY garage storage cabinets are usually made for different tools and machines, mainly to keep them out of kids’ reach. If you are handy with tools or like to learn new things - this is your sign to build a sliding door garage cabinet. This is the way to go if you want that minimalist style but have too much stuff.</p> <p><strong>This project could be the peak of the DIY garage organization, so it is challenging</strong>. Still, it can be done with proper tools, confidence, and patience. This cabinet is a floor-to-ceiling construction with a lot of storage space.</p> <p>You can add as many shelves as you need and the racks and holders that we listed in this article. Basically, if you could fit everything you own in overhead storage and this cabinet, you would have a clean garage to work out in or make it a little dance studio.</p> <h2>Recycle Plastic Bottles</h2> <p>Your next DIY garage storage project could be eco-friendly, too. It is not much, but you could save plastic bottles, and rather than throwing them away - you can use them to make a storage unit.</p> <p>If you have a wooden surface that is not too wide, screw bottle lids on both sides. Cut the oval shape at the top of the bottles twisted to the lids below. Cut the bottom of the bottles twisted to the top lids. This is best for storing smaller stuff, which is usually bought in bulk - nails, dowels, and other necessities that generally get lost in the chaos.</p> <p>Another great way to recycle plastic bottles is to cut the tops and the bottoms, glue them on a wall or other firm surface - and store your yard tools. It is an easy DIY garage storage idea, but it makes all the difference.</p> <h2>Install Corner Shelves</h2> <p>When we say to maximize the space, we mean walls and ceilings, and don’t forget the corners. Installing corner shelves beside the entrance to the house is so functional. This is where you can keep the shoewear that you do not want inside your home.</p> <p>Do you want the boots you went fishing in on your hardwood floors? Make sure to install them far enough apart, so you can fit high boots and chunky shoes on top. Corner shelves could be used for storing all the things you brought with you from outside that you do not want to get inside.</p> <h2>Label Everything</h2> <p>The final advice is to label everything. There is something about having labeled plastic bins, that just scratches the “organizing” itch. Not only will you be more aware of what you keep and where, but it will be easier to clean the garage in the future. <strong>Every DIY garage storage project should include a label maker as the main tool</strong>.</p> <h2>If You Have Too Much Stuff</h2> <p>Sometimes a family gets too big for a house they own, they have more stuff they need, and much more memories to store. If you are thinking about upgrading your real estate because you do not have enough space and you need to sell your old home beforehand, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>.</p> <p>There are no DIY garage storage ideas that can help you if your house was suitable for two people, and now there are five of you. That is why we will pay top dollar for your property as-is, so you can upgrade without any worries. But there’s no need to rush - <a href="https://sleeveuphomes.com/request-offer">request a cash offer</a> and see how we can factor into your plans.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/aesthetic-room-decor-ideas" }, "headline": "10 Aesthetic Room Decor Ideas for 2022 (and 2 Full-Room Conversion Ones)", "description": "Looking to redecorate your house? Here are the 10 most popular aesthetic room decor ideas in 2022, and 2 full-conversion ones if you want to go all out.", "image": "https://sleeveuphomes.com/files/blog/8b59e662-794b-49f5-aabc-d806f73e8042_aesthetic-frame-in-a-scandinavian-decor-living-room.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-13", "dateModified": "2022-05-13" } </script> <p>Online marketing is as natural as breathing to most gen Zs and millennials. Every viral TikTok or Instagram trend is, ultimately, effective self-promotion, even if it’s often unintentional. One recent social media trend is showing off your sense of style and creativity by how your room looks. And that’s what this article will be about – aesthetic room decor ideas that will make people notice you.</p> <p>You may be reading this article because you want to show off your creative side. In that case, we’ll list 10 simple aesthetic room ideas (and 2 full-conversion ones) that will get your creative juices flowing and help you come up with something new.</p> <p>For those older readers who aren’t so much into social media trends, think of it this way – these simple room accessories are cheap and easy ways to promote yourself. If you are selling your house, this is one of the easiest paths to finding interested buyers. With aesthetic decor ideas at your fingertips, why not do some DIY marketing and get ahead of the pack?</p> <p>In any case, here are 10 simple aesthetic room decor ideas everyone can implement.</p> <h2>1. As Many Plants As Your Room Can Take</h2> <p>The first rule of aesthetic room decor is that the room needs to pop. And that necessitates lots of plants to give off a natural and energetic vibe and provide entrancing colors. Whether you’re going to have hanging plants or planters strewn across the room for that organized-chaos look is up to you.</p> <p>And of course, plants let you play with the color palette, so they can be a good fit for literally any room. You can go for the subdued green of creeping vines, the warm purple of lavender, or the passionate red of a dahlia. They are the primary aesthetic accessory and at least a few should be in every room. The bottom line is – plants, plants, plants.</p> <p><img alt="flowers" class="img-fluid" src="https://sleeveuphomes.com/img/flowers.jpg" /></p> <h2>2. Fake Plants?</h2> <p>Fake plants quite make the same impression as real plants do, there’s no going around that fact. But they are a good substitute and will provide your room with unique textures. Maybe you have allergies or just don’t want to spend energy taking care of the plants. Your reasons are your own, but whatever they are, fake plants are a good substitute for the real thing.</p> <h2>3. Fairy String Lights</h2> <p>Fairy string lights are a must if you are going for a cozy and comfy room aesthetic. They add character but are unassuming. They are perfect for framing the focal point of your room to make it stand out. And there are so many variations of fairy string lights that you will easily match them with the overall aesthetic you are going for. Oh, and they are quite cheap to get.</p> <h2>4. Room Decor for Small Rooms – Full-Length Mirror</h2> <p>A full-length mirror can be the centerpiece of any small room. Just imagine one in the corner opposite your window framed by your string lights. A full-length mirror is an aesthetic room decor idea that fits with everything. But it’s particularly suitable for small rooms – the interplay of light with the mirror will make your room appear much more spacious and natural.</p> <h2>5. Wall Art</h2> <p>It won’t come as a surprise that wall art has always been a thing. But in the last few decades, wall art has become so… 1950s-like? In any case, old-timey. But you can use that to your advantage. Go for a vintage look with a modern touch by making one or two art pieces the cornerstone of your room’s aesthetic and complement them with similar themes.</p> <h2>6. Wall Flower Garlands</h2> <p>Still not into wall art? That’s perfectly fine. Another option is making flower garlands and hanging them on your walls. Or simply stick flowers to your walls. They will be just as attention-grabbing as wall art but will make your room more energetic. And if you can’t be bothered with fresh flowers, you can always use dried or fake.</p> <h2>7. Neon Signs</h2> <p>Hanging neon signs is another aesthetic room decor idea focusing on your walls. However, neon signs definitely don’t go with everything. If you’re going for a natural or vintage look, don’t go for neon signs. On the other hand, if you’re going for a 70s- or 80s-themed room, neon signs are a must. And there are so many types that you are bound to find something you like.</p> <h2>8. Vinyl Records</h2> <p>When talking about vintage looks, vinyl records must be mentioned. First off, they look great and you can mix and match them until you find a pattern you like. And second, you get to show off your music taste. Also, the records don’t have to be the only thing handing on your walls – you can incorporate them into a wall collage for more visual diversity.</p> <h2>9. Tapestries</h2> <p>Another option for walls is tapestries (although you can just as easily use them as curtains or bedcovers). Now, tapestries are works of art by themselves and come in a plethora of patterns, sizes, and textures. You are sure to find one you like that fits your overall room decor. On the downside, high-end tapestries can be quite expensive.</p> <h2>9. Tapestries</h2> <p>Another option for walls is tapestries (although you can just as easily use them as curtains or bedcovers). Now, tapestries are works of art by themselves and come in a plethora of patterns, sizes, and textures. You are sure to find one you like that fits your overall room decor. On the downside, high-end tapestries can be quite expensive.</p> <h2>10. Canopy</h2> <p>In case you want your aesthetic room to be truly unique, you can choose to put a canopy over your bed. Similar to tapestries, canopies come in many styles, although they always fall on the more elegant side of room aesthetics. If nothing else, maybe it will keep the mosquitoes out?</p> <h2>Full-Conversion Aesthetic Room Ideas</h2> <p>We’ve listed 10 aesthetic decor room ideas that are based on mixing and matching different room accessories to come up with your own style. But you can also focus on one style and do a full-room conversion. If this is the path you’re choosing, we suggest you check out:</p> <h3>Danish Pastel Aesthetic Room</h3> <p>The Danish pastel aesthetic has been all the rage since 2020. It is characterized by Scandinavian furniture, bent and curvy lines, naturally-lit rooms, and pastel colors contrasted with white or light walls. Danish pastel rooms give off a vibe of warmth and innocence.</p> <h3>Cottagecore Aesthetic Room</h3> <p>Cottagecore, as the name suggests, is a modern take on old-time cottages. It is characterized by earthy and green colors, botanical motifs, and wood furniture. Vintage accessories like old framed mirrors or lanterns are perfect additions to a cottagecore aesthetic room. A cottagecore room should be subdued and relaxing.</p> <h2>Are You Redecorating Your Home to Attract Buyers?</h2> <p>If you are interested in aesthetic room decor ideas because you are thinking of selling your house and wish to attract buyers via social media, there’s no need. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house in the state it’s in currently for cash and pay top dollar.</p> <p>We are a local Southern California company and will buy your house directly from you. There are no realtors or other middlemen involved – which means that you get to negotiate the terms of sale and pay no realtor commission. On top of that, we’ll take care of the closing costs.</p> <p>If you are interested in how much you can get for your house as-is, <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a> and see what we can do for you.</p>
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            • short_description Looking to redecorate your house? Here are the 10 most popular aesthetic room decor ideas in 2022, and 2 full-conversion ones if you want to go all out.
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            • titleThe Best Small Home Gym Idea
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/small-home-gym-idea" }, "headline": "Small Home Gym Idea: Spice Up Your Fitness Journey", "description": "If you’re just beginning your fitness journey or you’re a pro, you might dread a trip to the gym. Read on to find the best small home gym idea for you.", "image": "https://sleeveuphomes.com/files/blog/b313817d-34f2-4696-b17a-12e26e2b06a6_home-gym-in-a-room-with-a-window.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-13", "dateModified": "2022-05-13" } </script> <p>Being active is a healthy habit, it favors both your body and mental health. Unfortunately, many people get unmotivated to work out because they dread going to the gym. Some people get anxious and cannot work out around other people, especially if it is crowded. Others do not have enough time - they work a lot, the gym is far away, or they have young children. Whatever the reason is behind not going to the gym, there are ways to bring the gym to your home.</p> <p>You might say “I wish, but my apartment is so tiny”, but don’t worry, we got you! We were thinking about the best small home gym idea for fitness lovers living in a limited space. Before you start making designs in your head, ask yourself some questions. You don’t want to overestimate or underestimate your workout routine.</p> <h2>Listen to Your Body</h2> <p>The best small home gym idea is to ask your body what it wants. <strong>Do you do pilates or heavyweights? Do you need a stationary bike or a treadmill?</strong> What do you like and what do you need? Those are some things to think about before you start designing your space.</p> <p>You might be someone who needs just a quick half-hour workout to feel active or someone who is a dedicated fitness enthusiast. Each person is going to have different needs and possibilities. It is a bad idea to copy a small home gym idea from someone who doesn’t have the same workout habits as you.</p> <h2>1. Gym in a Designated Corner</h2> <p>Look around your apartment. Is there a space that you don’t actually use for anything? It doesn’t have to be ample space; any corner will do. You can add a floor-to-ceiling mirror, a workout mat, and a small shelf for your weights and resistance bands. You could easily make it match your apartment or house design just by picking out a nice color of a mat.</p> <p>Stationary bikes and treadmills fit into a compact space if you are more into cardio. They can be a part of your living room, where you could work out and watch TV simultaneously. If you are very serious about your fitness story, this might not be enough for you. This small home gym idea is perfect for those who like to work out for the fun of it.</p> <h2>2. Gym in a Closet</h2> <p>Just as you can have a dedicated space for a home gym, you can also create storage space to fit all your equipment when you are not using it. <strong>You can find foldable treadmills that can fit in a closet, and most of the lightweight workout equipment can be placed there, as well</strong>. So, you can set it up wherever you like it, but as soon as you are done - in the closet, it goes.</p> <p>Storing your equipment is an efficient way to keep your house aesthetics untouched, prevent clutter, and also have all you need right there. Not only will it save you a lot of time that you would spend traveling back and forth to the gym, but it is a money-saver small home gym idea, too.</p> <h2>3. Workout with a View</h2> <p>If you have a window with a nice view, put a stationary piece of workout equipment in front of it and feel the motivation rising. A good window view is priceless, and your home gym design doesn’t have to be too complicated, so combine your breathtaking view and your love for cardio to create the perfect workout environment.</p> <p>Stationary equipment has mixed reviews from users - some love the practicality of it, while others deem it too boring. However, you can always pretend that you are going through the forest or the beach when looking outside the window at the beautiful view.</p> <h2>4. White Walls, Lighting, and Mirrors</h2> <p>Everyone knows that brightly colored walls, large windows that let in plenty of light, and strategically placed mirrors can make a small area appear much larger. If you have a small home gym idea but think that it would feel cluttered and messy - try this trick.</p> <p>Color the walls around the gym area white, and add a mirror to cheat the eye - this should make the space look wider. Now, the lighting of the gym is about preference, since some people prefer working out under dimmed or neon lights, and others like to work out in an illuminated space. One thing is for sure - <strong>small home gyms will feel larger under a bright natural light</strong>.</p> <h2>5. Wall Storage</h2> <p>Wall organizers can serve as a home gym, too. You are going to get extra space if you put the workout equipment shelf nicely organized and on display. There are many ways to do this. You could DIY it or buy it at a furniture store. If you handle heavy equipment it might be better to buy a special rack that can support the weight.</p> <h2>6. Hidden Under the Stairs</h2> <p>The space under the stairs is often left unused, because of its shape and size. Undoubtedly, it is a perfect space for a small gym area, especially if you are a petite person. This is where you can do sit-ups, pull-ups, and planks, you can even install some pieces of equipment.</p> <p>Stairs themselves can serve as a piece of gym equipment for that glute build-up. If you don’t have the space under the stairs to work out, this is where you can create gym storage. It can look minimalistic and clean, while also being functional.</p> <h2>7. Attic or Basement Gym</h2> <p>House owners often wonder how to utilize the space of their attics or basements. It usually serves as a cluttered storage room, but you can transform it into a home gym. A home gym setup can fit perfectly in that kind of space, and you don’t have to worry about ruining your home's aesthetics.</p> <p><img alt="home gym idea in an attic" class="img-fluid" src="https://sleeveuphomes.com/img/home-gym-idea-in-an-attic.jpg" /></p> <p>This kind of transformation offers ample space for the equipment that could never fit into your house. Of course, buying multipurpose equipment will save you significant space and money. <strong>Having a gym in your attic or basement is a good way to subdivide your living space</strong>, which will help you organize your day.</p> <h2>8. Garage Makeover</h2> <p>A good small home gym idea is to put it in a garage, <a href="https://sleeveuphomes.com/diy-garage-storage-ideas">next to your organized storage space</a>. Garages are a great place for a home workout zone, because they are high and wide enough to put all kinds of equipment, plus have the space for a mat. You just need to add good lighting and a few wall decorations, because if you put in some effort, your garage can look like a real gym.</p> <h2>9. Outside Gym</h2> <p>People who live in areas with nice weather don’t need space inside their homes when they can use the space in their backyards to create a small home gym. The idea is to make a workout area by flooring one part of the yard and covering it in case of bad weather, where you can either put your equipment or just use it as your fitness routine space.</p> <p>Moreover, <strong>if you like street workouts your backyard presents the ideal opportunity for a small home gym idea</strong>. Make sure to add appropriate flooring because it protects your legs and knees from injuries.</p> <h2>10. Meditation Nook</h2> <p>If you don’t have enough space, or you don’t feel like moving stuff around - a simple meditation nook can help your fitness routine. No small home gym idea can help you if you live in a match-box-sized apartment, but a meditation nook can be a nice, calming corner of your place to decompress and think things through. Think of it as a workout area for your mind.</p> <h2>How Can Space Help My Fitness Journey</h2> <p>It is not surprising that you need more space if you live in a tiny home. More space gives more freedom of movement and more workout motivation. If you are thinking of upgrading to a larger house, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> to sell your old home for top dollar to finance the new purchase.</p> <p>Not only will more space in a new house help your workout routine, but you will have more storage space and room to grow. That is why we offer the best price for your property as-is. There is no need to do any big renovations or repairs, we will take care of everything. <a href="https://sleeveuphomes.com/request-offer?">Request a cash offer</a> and see that we are serious when we claim to pay top dollar.</p>
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            • short_descriptionIf you’re just beginning your fitness journey or you’re a pro, you might dread a trip to the gym. Read on to find the best small home gym idea for you.
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            • titleHow to Deal with Moving Anxiety
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-to-deal-with-moving-anxiety" }, "headline": "How to Deal with Moving Anxiety: Tips on Managing & Minimizing Moving Stress", "description": "Have trouble dealing with moving anxiety? Read our blog for some useful tips on managing and reducing the inevitable stress that comes with relocating.", "image": "https://sleeveuphomes.com/files/blog/b313817d-34f2-4696-b17a-12e26e2b06a6_home-gym-in-a-room-with-a-window.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-18", "dateModified": "2022-05-18" } </script> <p>Are you having trouble dealing with relocation anxiety? Even if you’re moving out for the first time or used to moving around a lot, it’s only natural for moving anxiety to kick in sooner or later. Whether it’s the financial cost of moving, selling your old home, or all the organization and packing needed to get through the move successfully, there’s a lot about moving that can induce stress and moving anxiety symptoms, making it a rollercoaster of emotions.</p> <p>Nervous about moving? We’ve got your back. Read on for some useful tips on how to manage moving stress and keep your anxiety about moving at bay to help you get through this life-changing transition.</p> <p><strong>It’s not just the boxes – people are fragile, too. Learn how to take care of yourself when moving.</strong></p> <h2>What Causes Relocation Anxiety and the Fear of Moving?</h2> <p>Moving can be very stressful for many reasons. However, it’s usually the lack of order, the uncertainty of things, and the upheaval that surrounds relocating that triggers stress and anxiety among most people. Moving can bring up an incredibly complex range of mixed emotions – it’s exciting, but there’s also a lot of change and planning involved. <strong>Moving anxiety is a natural result of all these emotions colliding in one chaotic package.</strong></p> <h3>Moving Anxiety Triggers: Why Are You Worried / Sad About Moving?</h3> <p>Why do we get moving anxiety? Aren’t we supposed to feel happy and excited about starting a new life and embarking on a new adventure? After all, isn’t it what we wanted to do? As exciting as moving house can be, it can quickly leave us feeling stressed and overwhelmed.</p> <p>Here are some of the most common triggers that can add up over time and consequently make us get moving anxiety or even create a fear of moving:</p> <ul> <li><strong>Change</strong> - Human beings tend to dislike change, and moving to a new home is life-changing. Changing scenery and people you’re used to and leaving your old home behind for a completely new life isn't stress-free and will cause even the most experienced movers to suffer from some moving anxiety-induced headaches.</li> <li><strong>Uncertainty</strong> - The unknown that comes with moving may be one of the biggest stressors in moving anxiety. You may not be familiar with or know what to expect with the new place, town, or people. So, it’s perfectly normal to be at least a bit anxious about it.</li> <li><strong>Finances </strong>– A common dilemma that can weigh on a person's mind when moving is financial stress. Moving is <em>expensive</em>, as is anything relating to real estate, and money concerns can cause anxiety about moving. You have to make a down for your new home and successfully sell your old home. Not to mention it also costs money to move your belongings physically.</li> <li><strong>Packing</strong> – Packing anxiety is one of the <em>common stressors</em>. Packing up all of your belongings properly and moving them to your new place intact is not exactly a walk in the park. You also won’t have access to most of your things until you get to your new home and unpack everything, which might feel like putting your life on hold.</li> <li><strong>Planning</strong> – Moving requires a lot of planning and preparation before it’s put into motion. You often have to figure out all the details beforehand and squeeze it in between work and daily chores, which can be tiring, stressful, and cause relocation anxiety. Some may also experience <em>decision fatigue.</em></li> </ul> <h2>Moving Anxiety Symptoms</h2> <p>Do you feel jittery or filled with dread whenever you think about moving? Small amounts of stress can sometimes be helpful and may even help you be more productive with the move. <strong>However, moving anxiety can quickly become unhealthy and take a toll on your mental health, so it's best not to ignore any stress or anxiety signals.</strong></p> <p>You need to <em>know</em> your enemies before you face them. The same goes for moving anxiety. To take the necessary steps to minimize or manage the stress you’re under due to relocation anxiety, you must learn how to recognize it. Moving anxiety is often a logical response to stressful events such as relocating your entire life, characterized by a set of symptoms similar to that of the stress of any kind.</p> <p>The most common emotional, physical, and cognitive symptoms of moving anxiety include:</p> <ul> <li>Irritability, frustration, moodiness</li> <li>Feeling overwhelmed or like you’re losing control</li> <li>Racing thoughts / having a hard time relaxing and quieting your mind</li> <li>Low energy</li> <li>Headaches, upset stomach, and muscle tension</li> <li>Problems sleeping</li> <li>Constant worrying</li> <li>Forgetfulness and disorganization</li> <li>Trouble concentrating and the inability to focus</li> </ul> <h2>Have Anxiety About Moving Out? 5 Tips on How to Manage Moving Stress</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/exhausted-woman-is-tired-from-packing.jpg" /></p> <p>Perhaps the idea of starting over somewhere new is your go-to escapist daydream. If you are like most people, however, when the reality of moving sets in, keeping your moving anxiety in check can prove to be difficult. We may not be healthcare professionals, but we do know a thing or two about <em>moving home</em>. That’s why we did a little research to offer you some valuable advice to help you alleviate all the stress that surrounds moving out of your home</p> <p>Moving is notoriously stressful, but there are a few tactics you can use to keep your stress levels down. Here are some life-saving tips on reducing and managing the inevitable upswing in anxiety that comes with moving. Ultimately, each individual has their own way of dealing with moving stress, but hopefully, these tips will help make the process a whole lot easier:</p> <h3>1. Trick Your Mind: Make a Moving To-Do List to Reduce Relocation Anxiety</h3> <p>Putting your thoughts, feelings, plans, and chores on a piece of paper can be very therapeutic. A list in your head can feel like a million things – it might seem endless and daunting. But when you write it down, it becomes more realistic, more doable, and the million little things you thought you needed to do may come down to 20 things, which can help you feel more relaxed, optimistic, and productive.</p> <p>Avoid getting overwhelmed by creating a checklist of everything that needs to get done before, during, and after your move. It will bring some order to the chaos of relocating and help you regain the sense of control you may feel is slipping through your fingers due to the moving anxiety kicking in. It will also feel amazing when you start checking all those “to-do’s” off your list one by one!</p> <h3>2. Adopting the Right Attitude Will Minimize Moving Stress</h3> <p>Excessive stress can make us pessimistic, causing us to lose focus and bog ourselves down in more anxiety about moving. Instead of dwelling on the negatives, try focusing on all the positives, instead. Think about the joy of meeting new people, the excitement of exploring the new area, and all the fun activities you’ll be able to experience. Explore your new neighborhood, discover the best cafés, get lost on public transit, and connect with your new community.</p> <p>Feeding the <em>right</em> attitude and familiarising yourself with your new area before moving can help you cope with moving anxiety. When struggling with stress and wondering if you made the right decision, remind yourself that the moving process is only temporary. Do you love your home and are sad about moving? There was probably a time when your current home was new to you, too.</p> <p>Allow yourself to get excited about the brave change you’re about to make and enjoy the adventures as they unfold.</p> <h3>3. Start Planning and Organising Your Move Early</h3> <p>Start early to give yourself enough time to plan your move <em>carefully</em>, so your moving anxiety wouldn’t be through the roof when the nitty-gritty actually starts happening. Packing is definitely nobody's idea of fun, but the move can be much simpler and the packing anxiety much less exhausting if you have some time to declutter and organize first, to have peace of mind when the moving day comes.</p> <p>Get strategic. Work it all out, one step at a time. Arrange any services you’ll need early on. Half an hour of planning and packing each day outweighs trying to make it all work hectically in one weekend, which is definitely going to heighten your levels of stress and moving anxiety.</p> <h3>4. Reach Out and Ask for Help With Your Move</h3> <p>Nervous about moving? Whether you're moving out alone or relocating with your entire family, it’s important to remember that you are <em>not</em> alone. Seeking help and active support from your friends and family can go a long way in helping you cope with relocation anxiety, reduce stress levels, and enjoy the experience. If you need to pack your entire life in a few boxes, you might as well have fun doing it! Make moving a fun, bonding opportunity.</p> <p>Of course, you can always hire professional moving services if you think it’s too much for you to handle alone. Knowing your belongings are safe and taken care of will certainly reduce your moving anxiety and stress levels.</p> <h3>5. Say Your Goodbyes</h3> <p>Moving on seems <em>harder</em> to do if there are still some loose ends. Saying goodbye to your beloved neighbors, friends, your favorite diners and cafes, and your old home can be emotional and difficult. Still, it’s also an essential step in moving on to a new life and getting excited instead of anxious about it. Take the time you need to say goodbye. Let your memories of your old home be ones you’ll cherish and take with you on your new adventure!</p> <h2>Is Selling Your Home On Your Moving Checklist? Get the Best Offer Today</h2> <p><strong>Moving is an ambitious step to take and a universally stressful and anxiety-inducing experience. Selling your home doesn’t have to be.</strong></p> <p>On top of all the moving stress, there are logistical challenges involved in selling your old home like scheduling showings, the uncertainty of when or if you’ll sell, and if you’ll be satisfied with the outcome. We help you reduce moving anxiety by taking these worries out of the equation. We’re here to provide our clients with fair prices and flexible solutions that allow them to remain in control of the selling process, without feeling anxious or overwhelmed.</p> <p>If the hassle of selling your house the traditional way is adding to the moving anxiety you’re experiencing, consider requesting a cash offer instead to avoid a lot of the usual headaches. It is a great alternative solution for sellers who need to move quickly. <a href="https://sleeveuphomes.com/">SleeveUp Homes </a>will buy your house in the state it’s currently in for cash and pay top dollar for it. On top of that, we’ll take care of all the closing costs.</p> <p>Skip staging, repairs, and showings. No strangers traipsing through your home office, no lengthy or expensive roof repairs holding up the sale. <a href="https://sleeveuphomes.com/request-offer?">Request a no-obligation cash offer </a>today and see what we can do for you to help you make your move as easy and anxiety-free as possible.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/short-sale-vs-foreclosure-explained" }, "headline": "Short Sale vs. Foreclosure: Explaining the Processes and Effects", "description": "What is a short sale? What is foreclosure? How are they different? This article discusses short sale vs. foreclosure in detail and explains the effects.", "image": "https://sleeveuphomes.com/files/blog/33bdbcfc-62fa-4850-8065-56405213c73b_man-trying-to-understand-complex-documents.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-25", "dateModified": "2022-05-25" } </script> <p>When you are having trouble making your mortgage payments and foreclosure is looming, it’s good to seek solutions. You might be considering a short sale to settle your debts. But is that truly the best option? First, you should understand the difference between a short sale and foreclosure, and the impact both can have on your finances and credit score.</p> <p>And that’s what this article will do. We will compare a short sale vs. foreclosure, explain how they work, and the repercussions of both. In the end, we will also give you another option that can avoid both foreclosure and a short sale. When you are done, you should know enough to be able to make an informed decision. So let’s get to it.</p> <h2>What Is a Foreclosure / What Is a Short Sale?</h2> <p>Foreclosure and a short sale may seem similar, but they are two completely different processes. In short:</p> <ul> <li>A foreclosure is a legal process that happens when a borrower <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">cannot make mortgage payments</a> so the lender seizes the property and puts it up for auction.</li> <li>A short sale is when the lender allows the borrower to sell the property for less than the outstanding mortgage balance.</li> </ul> <p>It is clearer with an example. Let’s say you took out a $400,000 mortgage loan to buy a house. You paid off $100,000, but the economy has deteriorated and you are no longer able to make your monthly installments. The housing market has also crashed, so your $400k house is now underwater and worth $250k.</p> <p>One thing that can happen is that the bank seizes your house – that’s foreclosure. <strong>Foreclosure doesn’t happen in an instant</strong> and we’ll explain later how it works, but that’s the end result. You are no longer the owner, your credit score is shot, and the bank will put your house up for auction.</p> <p>A short sale, on the other hand, is when you are the one selling the house. You know you can’t make your mortgage payments so to avoid foreclosure you decide to sell your house. However, your remaining mortgage balance is $300,000, while the value of the house is now $250,000.</p> <p>You ask permission from the lender to sell your house for $250,000. The bank approves, but after the house is sold, the bank is short for the difference between the outstanding mortgage and the selling price ($50,000 in our example) – thus the name short sale.</p> <p>You’ve now settled your mortgage loan, but because a short-sale home is sold for less than the outstanding debt, it will also show as a negative mark on your credit report.</p> <h2>How Foreclosures Work</h2> <p>The exact foreclosure process varies by state, but it always follows the same pattern. It starts with you missing to make mortgage payments. Usually, if you miss one payment, the bank will send a missed-payment notice. If you miss another one, the bank will likely send a demand letter.</p> <p>Then, <strong>after 90 days of missed payments, the bank will file a <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a> with the county where your property is – this starts the official foreclosure process</strong>. Even after the notice of default is filed, you can still <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">avoid foreclosure</a> by bringing the loan current or negotiating with your lender (such as negotiating a payment plan, modifying your loan, or getting reinstatement and forbearance).</p> <p>If none of these options help and you still can’t make your payments, your house will ultimately be foreclosed and sold at auction.</p> <h3>Pre-Foreclosure vs. Foreclosure</h3> <p>Pre-foreclosure starts when the notice of default is filed. It is the process before your home is foreclosed or before foreclosure proceedings start before a court (depending on whether your state applies non-judicial or judicial foreclosure, respectively).</p> <p><strong>During pre-foreclosure, you still have the option to make a deal with your lender and avoid foreclosure</strong>. This distinction between pre-foreclosure and foreclosure is important in this short sale vs. foreclosure article, as <em>most short sales happen during pre-foreclosure</em>.</p> <h3>How Long Does a Foreclosure Stay on Your Credit Report?</h3> <p>A <a href="https://sleeveuphomes.com/how-long-does-a-foreclosure-stay-on-your-credit">foreclosure stays on your credit</a> report for 7 years after the first delinquent payment. By law, a foreclosure <em>must </em>be removed after 7 years. However, the negative impact can gradually diminish before the 7 years are out.</p> <h3>Can You Sell a House in Foreclosure?</h3> <p>You can’t sell your house if it is foreclosed on, i.e. the bank has taken ownership of it. However, you can sell it during the pre-foreclosure process. This brings us to short sales.</p> <h2>How Short Sales Work</h2> <p>During pre-foreclosure, if you know that you won’t be able to make your loan current or find another option to settle it, you can ask your bank to allow you to do a short sale. You ask the bank to sell the property for less than the amount of the outstanding mortgage.</p> <p><img alt="Couple smiling and standing behind house sale sign" class="img-fluid" src="https://sleeveuphomes.com/img/couple-smiling-and-selling-house.jpg" /></p> <p>If the bank approves and you manage to sell the house, your debt is settled and you avoid foreclosure. As far as the selling process itself goes, short sales work much like regular sales - you can hire a real estate agent or do it on your own.</p> <h3>But There’s Another Problem – Deficiency Judgments</h3> <p>Sometimes, even after a short sale, <strong>the lender may ask the court to allow them to collect the difference between the outstanding debt and the sale price</strong>. So, if your debt is $300,000 and you sold the house for $250,000, the bank may seek a court judgment to collect the remaining $50,000.</p> <p>If the deficiency judgment is approved, the money is collected through regular means – such as levying your account or garnishing your wages. However, lenders don’t always seek deficiency judgments and they are even prohibited by law in some states. Additionally, you can fight a deficiency judgment in court or, at worst, declare bankruptcy.</p> <h3>How Long Does a Short Sale Stay on Your Credit Report?</h3> <p>A short sale stays on your credit report for 7 years. However, when discussing short sale vs. foreclosure, it should be noted that a short sale has a lesser negative impact on your credit score than a completed foreclosure.</p> <h2>Foreclosure vs. Short Sale – the Short of It</h2> <ul> <li>Foreclosure is when your lender seizes your property due to unpaid mortgage installments and sells it off at auction.</li> <li>A short sale is when you sell your property for less than your outstanding mortgage balance.</li> <li>Your lender may submit a motion to a court for a deficiency judgment to recover the leftover amount.</li> <li>Both foreclosures and a short sales stay on your credit report for 7 years.</li> <li>A short sale has a lesser negative impact on your credit score.</li> </ul> <h2>Don’t Let Your House Go into Foreclosure or Accept Short Sale Offers</h2> <p>When your lender files a notice of default, it is a public document. Wholesalers and flippers look for these kinds of opportunities, hoping to take advantage of your precarious position. They assume you are desperate and will try to low-ball and pressure you to make a sale.</p> <p>But you don’t need to accept any short sale offers. Contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> to sell your house for top dollar. We buy underwater and distressed properties as-is for cash in Southern California and restore them. We guarantee you can get at least $10,000 more than any other offer you’ve received.</p> <p>SleeveUp Homes was founded precisely to help people like you. We grew tired of homeowners getting taken advantage of and realized we could provide them with a better option. You won’t be dealing with any realtors, so you won’t be paying a commission and we’ll take care of the closing costs.</p> <p>But don’t take us at our word – <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a> and see what you can get, no strings attached. If you find our offer suitable, you can close in as little as 7 days.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/inspiring-things-to-do-in-orange-county-this-summer" }, "headline": "Inspiring Things to Do in Orange County This Summer", "description": "Are you thinking of visiting one of the largest and most scenic counties in the US? Read on to learn about all the things to do in Orange County this summer.", "image": "https://sleeveuphomes.com/files/blog/ecfb7e0c-4032-45ab-8e6e-7bad45c842a9_beach-view-in-orange-county-of-s.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-05-26", "dateModified": "2022-05-26" } </script> <p>Since it is one of the largest counties in the US, it shouldn’t come as a surprise that you can’t run out of things to do in Orange County. It is safe to say that there is something for everyone. Whether you like to spend your time in nature, shopping malls, art galleries, or nightclubs, one thing is certain - there are plenty of places and activities to choose from in Orange County.</p> <p>Maybe you just rewatched the famous TV show The O.C. and want to share in the main characters' life, or you live nearby and want to spend some quality time away. Whatever may be bringing you to Orange County, we made a comprehensive article about things to do in the OC, so you feel inspired during the summer</p> <h2>Explore the Wonderous Nature</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/lush-california-pacific-coast-hi.jpg" /></p> <p>The Golden State has many parks where you can absorb nature, and Orange County follows that trend. Crystal Cove State Park is one of those places nature lovers will fall in love with, and<strong> the most fantastic thing to do in Orange County is to hike the nine-mile trail up the coast through the park.</strong></p> <p>You can pause the hike every now and then to partake in some of the marine activities offered on the beach, from scuba diving to snorkeling, or just swim in the Pacific Ocean and catch a tan. Catch another glimpse of paradise in the Oak Canyon Nature Center on the Anaheim hills.</p> <p>Take a romantic walk under the oak trees and soak up the scenic pictures of greenery around you. You might even stumble upon a wedding or a photoshoot since the landscape makes for an amazing backdrop.</p> <p>Irvine Regional Park offers outdoor activities as well, but what it is most famous for is an OC ZOO hidden inside the terrain. <em>If you are looking for cheap things to do in Orange County, the best idea is to go to the ZOO. </em>Many species live inside that area, but there is also a lake and many hiking trails.</p> <h2>The O.C. Beaches</h2> <p>It goes without saying that Orange County has one of the best beaches on the entire West Coast. Newport Beach, Laguna Beach, Huntington Beach, and Doheny State Beach are all wide sandy beaches with a gorgeous view of the Pacific horizon.</p> <p>Don’t miss out on summer fun, sunbathing, and cocktail drinking on some of these beaches. Newport Beach is a great place to spend your vacation with your friends, since there are many bars nearby, plus it is just a few minutes away from downtown Newport Beach.</p> <h2>Adventure and Theme Parks</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/californian-redwood-forest-2022-.jpg" /></p> <p>If you are staying for a week, you can visit each adventure and/or a theme park in Orange County, and you still wouldn’t get to see them all. Disneyland and Adventure City are just some of the dozens of places with fun rides and characters from our favorite movies and shows.</p> <p>Don’t get us wrong - we love Disneyland. However, we don’t like the crowds and lines, so we tend to opt for other heart-stopping rides, especially over the weekends and holidays. That is why we strongly recommend going to Knott’s Berry Farm or the Knott’s Soak City waterpark for the ultimate adrenaline rush and a rustic vibe.</p> <p>You can find a good adrenaline pump on the HangTime ride that looks like something from a SpyKids movie. It is high and wiggly, and it will shake you out of your boots, so - easy scares, beware!</p> <p>Ride the Irvine Spectrum Center Giant Wheel if you like something milder. It is one of the most romantic things to do in Orange County. That is why, each year, there are many proposals on or in front of it.</p> <h2>OC Has an Exciting Nightlife</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/dj-mixing-at-beach-night-party-d.jpg" /></p> <p>Do you like to party? OC will not disappoint you. <strong>There is a rich nightlife scene and plenty of things to do in Orange County, even for those who like to dance all night and sleep in late.</strong> From pubs and bars, where you can meet the locals and grab a beer, to clubs and cocktail lounges, where you can experience real Californian nocturnal activities.</p> <p>Anaheim and Irvine Downtown is the place to be for good-time seekers. Costa Mesa’s downtown is packed with bars on every corner, but one stands out with its authenticity. That bar is called the Ruin and it is marketed as social equity, an offbeat tavern where they serve themed drinks.</p> <p>You can see it for yourself when you type <em>Orange County Nightlife</em> on a map - dozens of red dots will color your screen. One of those red dots waits for you to have the time of your life. Going out is the most exciting thing to do in Orange County for people in their early twenties.</p> <h2>Luxury Galore</h2> <p>If you like extravagance and feeling like an old-money heir, Orange County offers many activities for you. You can bathe in splendor from luxury spas to yacht clubs and enjoy life like nowhere in the world. Take a boat tour around Newport Beach, or rent a boat in one of the harbors.</p> <p>There is no shortage of places to max out your credit cards in OC. Visitors interested in shopping can spend their time in one of twenty enormous shopping malls scattered around the county’s rectangular streets.</p> <p>Go golfing to feel like you are a member of a country club, or go on a private airplane tour where you can see SoCal from a bird’s perspective. As you can see, there are many luxurious things to do in Orange County this summer, and you should explore the options that are available to you.</p> <h2>Adventurous Outdoor Activities</h2> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/beautiful-athletic-woman-working.jpg" /></p> <p>With around 40 miles of coastline, outdoor activities are unavoidable things to do in Orange County.<strong> Scuba diving, snorkeling, skin diving, and swimming are some of the in-water activities offered to you on almost every beach.</strong> If you like to stay outside the water but still enjoy the Pacific - try kayaking, paddle boarding, or rent a boat or a pedal boat. It is hard to run out of marine things to do in Orange County.</p> <p>However, there are exciting activities to partake in for those who are not fans of marine endeavors. For example, you can enjoy a hot air balloon ride across the cloudless skies of Orange County.</p> <p>Flying these special balloons near Irvine transcends everything you might have imagined witnessing. Hiking is another fun activity in Orange County, and although it is not as adventurous, it is still worth mentioning, if for nothing else, then for the scenic views spreading across the parks and shores.</p> <h2>Immerse Yourself in OC Art&Culture</h2> <p>Art and culture vultures can breathe with ease because Orange County has many events to choose from. Do you want the history of the county? Visit the Heritage Museum of Orange County and learn about life in the 1900s. Bowers Museum is a cultural attraction in Orange County that goes way back in time and space and shows Native American and Chinese art and history.</p> <p>The old Orange County Courthouse in Santa Ana is located in Santa Ana’s famous historic district. This place tells a story of the late 19th century, and it is one of the best things to do in Orange County for free.</p> <p>For those who like modern art and architecture, the Hilbert Museum of California Art will sit well with your taste. Showcased in marvelous fashion, more than a thousand pieces of art are available for you to see. Learn about the local artists from the 20th and 21st centuries in this museum.</p> <p>Modern history enthusiasts will enjoy the visit to the Richard Nixon Presidential Library and Museum. This place captures the highs and lows of the only American president to resign his office in the White House.</p> <p>The most unique thing to do in Orange county has to be to visit San Juan Capistrano, a remarkable community with a lot to give and one of <a href="https://sleeveuphomes.com/the-safest-places-to-live-in-california">the safest cities in all of California</a>. The famous bell wall attracts visitors to San Juan Capistrano, but it is the charm and history that makes them come back.</p> <p>As you can imagine, there are many more museums and historical places to visit in Orange County, but these are some that will get you started. Visiting museums and galleries can be a great way to spend your quality time on a budget.</p> <h2>Authentic Local Spots</h2> <p>If none of these things inspire you (which we highly doubt), here is one place that got its name by inspiring people! Visit the Inspiration Point for a beautiful overlook of the Pacific coastline and the most fantastic sunsets in the world.</p> <p><strong>It is the best place in Orange County for meditation and introspection.</strong> We have no doubt that you will have a life-changing discovery while sitting in the Inspiration Point.</p> <p>And last but not least, the most authentic local spots are the orange farms, thanks to whom this county got its name. One of the farms open to the public is Tanaka Farms, and it is the best place to visit in Orange County if you like fresh oranges.</p> <p>Not only do they offer the most amazing organic farming products, but you can also participate in some farming activities and tours. Strawberry picking and chicken workshops are a great way to spend time with your family. Tanaka Farms pledged to cultivate more than sixty types of fruit and veggies, using responsible methods and with great support towards their community.</p> <h2>Moving to Orange County</h2> <p>If you want to be sure that you have enough time to soak up all the immense beauty of marvelous beaches and the pleasantries of the Orange County cities - organize the trip and find things to do in Orange County that best fit your interests.</p> <p>There is a good chance that you might fall in love with Orange County so much that you would want to move. In that case, you can sell your previous house to us - <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. Don’t be shy and contact us.</p> <p>We will be efficient and will buy your property for a top dollar. You don’t even need to repair any issues or paint the falls, we buy houses as-is. Just call us to <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a>, get the money, and move to California’s beloved Orange County.</p>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-a-suburban-neighborhood" }, "headline": "What Is a Suburban Neighborhood?", "description": "Read this article to find out more about the meaning and history of suburban neighborhoods. What are the pros and cons of living in the suburbs?", "image": "https://sleeveuphomes.com/files/blog/28344e54-d02a-4077-8c79-f585d636cbdf_street-and-houses-neighborhood.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-07", "dateModified": "2022-06-07" } </script> <p>Somewhere between the crowded city streets and good, ol’ country roads, there lies the cradle of the American dream - the suburban neighborhood, most commonly known as the suburbs. City life isn’t for everyone, the mayhem can be overwhelming, and the fumes from the traffic can be noxious. Still, even though you want to escape the city's disarray, a remote village seems too extreme of a step.</p> <p>If you relate to these claims, you will love being one of the suburban residents, jogging the peaceful streets, and having a pet in your backyard. The suburban neighborhood is a perfect place to live with a family and young kids, but it also welcomes different lifestyles.</p> <p>We made this article to explain the suburbs to those on the fence about moving there. We will talk about the common misconceptions and the definition of the suburbs, as well as the pros and cons of becoming a suburban resident.</p> <h2>History of the Suburbs</h2> <p>The suburbs have a long history dating back to ancient Rome (yes, truly) when merchants created their own market towns just outside the cities. Later on, modern cities attracted many poor villagers and enslaved people, so a suburban neighborhood was considered a place for the lower class.</p> <p>Of course, it was not until the modern industrial era that the suburbs took their shape and became what they are today - <strong>a primarily residential area located on the outskirts of a major city</strong>.</p> <p>The improved transportation made it possible for people to live somewhat far away from their place of work and commute every day. Railways and buses brought people back and forth to a more spacious and a more affordable living environment.</p> <h3>Suburbs in Pop Culture</h3> <p>You can gather from suburb references in popular culture that it is boring, uneventful, and people like to gossip and meddle in other people’s lives. There is that famous trope in TV shows where a couple wants to move to the suburbs to settle down while their single friends live their wild, single life. <strong>There is always something that institutes that the suburbs are lifeless</strong>.</p> <p><img alt="lined up houses suburban area neighborhood" class="img-fluid" src="https://sleeveuphomes.com/img/houses-lined-up-suburban.jpg" /></p> <p></p> <p>However, this is one of the common misconceptions about suburban residents and their neighborhoods. The communities are tight and supportive, there are a lot of events that happen throughout the year, there are shopping malls, restaurants, and some suburban neighborhoods are starting to look like towns. People don’t go into the city for jobs as much since telecommuting became prominent, but also since there are many companies working from the suburbs.</p> <h2>What Factors Affect the Urbanism of an Area?</h2> <p>Suburbian neighborhoods used to be primarily residential or bedroom areas, but now they progressed past that and many businesses are developing outside the city borders. So, where is the line? What are the factors that decide one area’s level of urbanization? The answer should be simple, but the lines are blurry.</p> <p>There are urban areas or cities, which are surrounded by the suburban area, or the suburbs. Beyond the suburbs, but still far away from the rurality, there are exurban areas, often located near a body of even farmland. Rural areas are places where people live mostly out of the natural resources around them and the population density is very low.</p> <p>Centrality, density, and entrepreneurship development can be defining factors of the suburban neighborhood. Centrality refers to bordering the city limit and defining the center of the metropolitan area - everything outside that border would be the suburbs.</p> <p>This factor isn’t enough for defining these neighborhoods, because they are constantly developing. For example, if we were to map out the San Francisco metro area, Oakland would be considered the suburbs.</p> <p>Population density could explain much better the level of urbanism in an area. Cities, especially in the US, are built vertically and horizontally, whereas the suburbs are mostly built horizontally - that is why there is a lower population density in the suburban neighborhoods.</p> <p>To put it simply, <strong>cities have high buildings providing housing for many people, while suburbs are famous for their single-family detached housing</strong>.</p> <h2>Urban vs. Suburban</h2> <p>In the competition of urban vs. suburban, there are no right or wrong answers. Cities are more eventful and active, there are more job opportunities, tourists, and overall more commotion than in the suburbs. Living in a city will probably mean living in an apartment in a high building, with an underground garage being the closest thing to a backyard.</p> <p>Prices of housing and living are significantly higher Downtown, but the commute to and from work is usually a short ride away. <a href="https://sleeveuphomes.com/what-are-the-advantages-and-disadvantages-of-living-in-the-suburbs">Living in the suburbs</a> is much harder when you don’t own a car, while you can quickly get around the city using public transportation. The decision to move to the suburbs needs to be well thought out, and there are advantages and disadvantages for both these areas.</p> <h2>Rural vs. Suburban</h2> <p>While urban and suburban neighborhoods are sometimes not easy to distinguish, a rural area is very easily recognizable not only by analyzing the density of the population but usually also by analyzing the main source of money and resources. Rural residents live by producing or managing natural sources.</p> <p>Rural locations have a very low population density, and people live on the farmlands far away from the city. Suburbs can be administratively divided or connected with the city, but the rural area always stands alone. There are very few events, but less pollution in the villages. The chance of meeting friendly people is much higher in rural neighborhoods.</p> <h2>What Is an Urban Sprawl?</h2> <p>Urban sprawl is a phenomenon where the urban and the suburbs mix, caused by unattended urban development. City limits are constantly widening because of the influx of people in the cities looking for affordable housing. Metro areas are spreading, replacing the farmlands, and risking their natural resources.</p> <p><img alt="waterfront-homes-in-a-suburban-sprawl" class="img-fluid" src="https://sleeveuphomes.com/img/waterfront-homes-in-a-suburban-n.jpg" /></p> <p></p> <p>Urban sprawl is not a new phenomenon, it existed when modern cities were formed, and history shows that it always comes with a price. During medieval times, the price used to be a loss of protection, but nowadays, it is a longer commute, higher pollution, and countryside endangerment.</p> <h2>Pros and Cons of Living in Suburbia</h2> <p>The main advantage of living in a suburban neighborhood is the affordability, which is lacking in the city. The city offers much less space for more money, and that is why this point goes to the suburbs.</p> <p>If space is something that you are looking for, the suburbs can provide you with plenty. Most single-family homes have a front and a backyard, a porch, an attic, and a basement. All these spaces could be transformed into a gym, a home office, or other room of requirement. Downtown condos can be spacious, but that always comes with a price.</p> <p>And the last point can be taken as an advantage or a disadvantage, depending on a person - a slow-paced way of life is popular in suburban neighborhoods. Some people love the city crowds, others love to live somewhere peaceful, and this will be a big factor when deciding on moving.</p> <h2>Are You Looking to Move?</h2> <p>Not every suburban neighborhood is the same, because there are different communities - some are tighter, others keep to themselves. If there seems to be a problem with fitting into your community or you just want to be closer to your workplace, it is sometimes better to move than to waste energy on fitting in.</p> <p>If you decide to move and sell your suburban house, but don’t want to go through the hassle of finding the right buyer, contact<a href="https://sleeveuphomes.com/"> SleeveUp Homes</a>.</p> <p><a href="https://sleeveuphomes.com/request-offer">Request an offer</a> and see for yourself that we are willing to pay top dollar for your property. The home selling process can be done in 7 days, and you can move to a neighborhood that better fits your needs.</p>
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            • short_descriptionRead this article to find out more about the meaning and history of suburban neighborhoods. What are the pros and cons of living in the suburbs?
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            • titleCreative Backyard Deck Ideas & Designs
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/creative-backyard-deck-ideas-designs" }, "headline": "Creative Backyard Deck Ideas & Designs", "description": "Looking for budget-friendly deck ideas for your backyard? Tune in for some unique and creative deck designs to create the backyard getaway of your dreams.", "image": "https://sleeveuphomes.com/files/blog/3171354a-fdb1-4922-907f-aa753180e9bc_backyard-deck-with-grill-and-pic.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-07", "dateModified": "2022-06-07" } </script> <p>All hands on deck! Summer is right around the corner, which means the outdoor season is, too. Summer calls for sultry, warm nights under the stars and sun-drenched gatherings, making backyard decks the ultimate destination of the season. We all want the perfect backyard – somewhere to escape, relax and unwind after a long day. If you’re looking for affordable, creative, and unique patio deck ideas, you’ve come to the right place.</p> <p>You can transform your home by creating a beautiful outdoor living space to expand and improve it, leaving you with a patio deck you can share with family and friends for decades to come and build lasting memories. Whether you have an existing deck in need of some love or longing for a new space to enjoy the sunny days with your family but have no idea where to start, we’re here to help!</p> <p>Tune in for some budget-friendly and modern patio deck ideas & designs for inspiration. Stop dreaming about your perfect deck and start building the ultimate outdoor retreat, on a budget!</p> <h2>Unique & Budget-Friendly Outdoor Deck Ideas</h2> <p></p> <p><img alt="Modern Villa With Pool And Deck" class="img-fluid" src="https://sleeveuphomes.com/img/modern-villa-with-pool-and-deck-.jpg" /></p> <p>Want to spruce up your backyard but don’t want to break the bank? Building a deck is a big investment and does not seem to fit everyone’s budget. However, there are many ways to save and still have the most fantastic deck in the neighborhood, which is why all the outdoor deck ideas and designs listed in this article were hand-picked for those on a budget.</p> <p>Having a fantastic back deck doesn’t have to require a lot of money. All you have to do is get creative!</p> <h2>Wrap Around Deck Ideas</h2> <p>Stretching across multiple sides of a home's exterior, a wraparound deck allows you to easily change up your view or shift positions with the moving sun.</p> <p>If you have a small backyard, a wraparound deck will keep your backyard open by hugging your home while still offering plenty of entertaining space. Tucked in beneath your home's roofing, it also doesn’t require spending additional money on deck covering.</p> <h2>Pallet Deck Ideas</h2> <p>Pallet decks are the latest trend in DIY outdoor living. Pallet decking is a fantastic way to enhance your outdoor space and save money. As pallets are very solid and come in standard sizes, building a modern pallet deck could be the solution you were looking for.</p> <p>The best part? Pallets are mostly free or cheap to get, making any pallet deck ideas you might have super budget-friendly. At the same time, they already come in perfect deck shapes, which saves tons of time and makes building any kind of deck quicker. You can build a floating deck out of pallets or even a pallet deck with stairs.</p> <h2>Hot Tub Deck Ideas</h2> <p></p> <p><img alt="hot tub deck outdoors house home" class="img-fluid" src="https://sleeveuphomes.com/img/hot tub deck outdoors house home.jpg" /></p> <p>So, you can't fit or afford a pool in your backyard, but who needs that when you can have a hot tub on your deck instead? For saving sight lines around small spaces, sinking the hot tub in the deck area is an excellent modern deck idea. In-ground hot tubs create the illusion of more open space than a raised hot tub would on a small deck.</p> <p>Think outside the standard wood platform with innovative design ideas for a range of deck settings and budgets. Skip the cost of stone or wood and use travertine or composite decking materials instead. Add some natural boulders and planters around the hot tub or decorate it with faux stone to give it a spa feel on a budget.</p> <p>You can also create the illusion of having a larger hot tub by constructing the right type of decking around it. The trick is to make your decking proportional to the hot tub.</p> <h2>Small Deck Designs</h2> <p></p> <p><img alt="small deck beautiful garden home house" class="img-fluid" src="https://sleeveuphomes.com/img/small deck beautifuil garden home house.jpg" /></p> <p>Limited backyard space doesn’t mean you have to sacrifice style. However, smaller outdoor spaces require a bit more planning and thinking outside the box when it comes to designing and decorating your deck. Even if you don’t have a sprawling backyard, there are plenty of small backyard deck designs that can serve as inspiration.</p> <ul> <li>A ground level-deck is perfect for improving the aesthetics of small backyard spaces.</li> <li>Glass railing can make a small deck feel bigger. Glass railings offer a better view of the surrounding greenery and also helps your deck more seamlessly blend with your surroundings.</li> <li>Similarly, stylish and compact furniture – such as curved deck chairs that easily be tucked in under the table – afford more space on your small deck when not in use.</li> <li>There’s no wrong way to decorate a small deck, however, pops of color can make even the smallest deck feel utterly charming. Neutral furniture can blend with the decking and make it look bigger, but bold pillows and throws that mix-and-match solids, florals, and patterns can tie the look together.</li> </ul> <h2>Deck Ideas with Roof Extensions: Affordable Covered Deck Ideas</h2> <p>For those who desire a bit more shade and privacy while enjoying the outside – a deck roof may be in order. As beautiful as they are functional, modern deck shade ideas can be an extension of the luxurious deck experience you deserve, so you can enjoy your yard without overheating.</p> <p>From pergola models, which are ideal for those who want their sunlight with a side of the shade, to canopies of all materials and designs, as well as the more traditional wooden and stucco coverings, there’s a deck roof for every space and desired effect. Many roofing features offer adjustable or expandable coverings, allowing you the freedom to secure just the right amount of shelter no matter the hour or weather conditions.</p> <ul> <li>Creating a deck cover might prove to be too expensive. On a budget? Don’t worry. It doesn’t mean that you can’t have a beautiful covered deck design, even if you aren’t prepared to invest a lot. Here are some covered deck ideas for those on a budget.</li> <li>To save money, you can choose a deck cover with a wooden base and unique plastic panels. Such a pergola can be an excellent idea, as it keeps things shady without completely blocking the sun and offers a lovely minimal aesthetic at the same time.</li> <li>You can also consider investing in a high-quality modern umbrella that will serve both as decoration and the shade and protection provider for both you and your outdoor furniture. It will be cheaper than any other deck covering but still be beautiful.</li> <li>How about growing a canopy of vines? A lattice canopy with verdant vines makes a beautiful addition to any deck. You get the deck covering and shade you're looking for with the added bonus of vibrant greenery all around for no more than a few bucks.</li> </ul> <h3>Deck Privacy Ideas</h3> <p>They say good fences make good neighbors, and it couldn’t b more true. How can you relax and enjoy your outdoor living space with someone peering over your property? Your deck should be your own personal outdoor oasis, and a lack of privacy can throw off the whole “personal retreat” vibe. You could build a fence around your entire property, but that could get expensive. Instead, these deck privacy ideas will help you enjoy your backyard decks in peace.</p> <ul> <li>Growing lush greenery or planting tall hedges can create almost instant privacy and makes for a tropical-looking, beautiful deck. If caring for plants doesn’t sound like you, but you like the idea of greenery – try building a living wall on an outdoor privacy screen. You could also have planter stands around your deck or plant a few small trees around the edge of your deck.</li> <li>Adding a pergola to your back deck is affordable, yet it can create privacy as well as offer sun protection. Once your pergola is up, you can also hang plants to create a “natural wall.”</li> <li>For a tropical feel, you could use a bamboo screen or actual bamboo. It grows fast and tall, making for a quick and inexpensive solution.</li> <li>Check out some horizontal deck railing ideas, as they can give your deck more privacy.</li> </ul> <h2>Money-Saving Tips: Deck Design & Decorating Ideas</h2> <p>Tiny details that are often overlooked, like subtle decorative pieces, can really make your deck shine. And, contrary to popular belief, they don’t have to be expensive.</p> <p>You won’t believe how much difference adding some cozy cushions, plants, flowers, or any other interesting decor piece can make. So, here are some affordable deck decorating ideas that can bring your deck design to life without spending a fortune on it.</p> <h3>Get Creative with Outdoor Lighting</h3> <p>No deck is finished without some well-spaced outdoor deck lighting to create that million-dollar look. Adding some lighting is an easy and cheap way to freshen up your simple back deck and make it cozier and inviting. The lights will allow you to use your deck at night and give it a dash of magic.</p> <p>Hanging a string of twinkling lights will add a little something special to any outdoor space. Add some in-stair or in-floor lighting, or bring in some decorative lanterns if you have a covered deck. Nothing says cozy like the warm glow of a fire - gas fire pits are surprisingly inexpensive and require no electricity making them very cost-effective.</p> <h2>Cozy-Up the Flooring</h2> <p>Is your old concrete deck an eyesore? You can avoid the cost and mess of tearing it out by simply screwing down wood sleepers and decking over it. If you have an old wooden deck that doesn’t look its best anymore or is made of unattractive materials that feel cold and bare, an outdoor rug can also freshen up your outdoor area in no time.</p> <p>It will cover any wood chips or color imperfections and also make your deck space look much more cohesive and home-like, and it’ll make even a simple backyard deck pop. Outdoor rugs are easy to find and are generally very affordable.</p> <h3>Decorate Your Back Deck With Plants</h3> <p>One of the most inexpensive deck ideas for decoration is to use plants. Plants are inexpensive but can do a lot for your outdoor living space. Plans and flowers in vibrant colors can make your deck come to life and even serve as a small garden. This will make even the simplest of decks with modest furniture look chic and inviting. If you don't have a lot of deck space, hang the plants to free up valuable ground space.</p> <h2>Budget-Friendly Back Deck Ideas for a Backyard Getaway</h2> <p>A smart backyard decking design, even on a budget, can create much-required extra living space and make the perfect outdoor retreat for soaking in the sun or gazing at the stars.</p> <p>Trying to re-decorate or renovate your deck on a tight budget and schedule simply to raise the value of your property before selling? Sell your home as-is today with no fees, commissions, or repairs! <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> will buy your house in the state it’s currently in for cash and pay top dollar for it.</p> <p>Skip all the tiresome staging, repairs, cleaning, and showings to impress potential customers. No strangers traipsing through your home, no lengthy and expensive deck repairs holding up the sale. Contact us and <a href="https://sleeveuphomes.com/request-offer?">request a cash offer</a> today to see what we can do for you.</p> <p></p> <pre ng-controller="prettyPrint"> </pre>
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-is-arv-in-real-estate" }, "headline": "What Is ARV In Real Estate?", "description": "You would be surprised to find out how a small renovation can help with the appraisal, and ARV is used to estimate the house's value after the repairs.", "image": "https://sleeveuphomes.com/files/blog/8d8fb3d8-e7ff-46e7-a500-d2148a6bde68_real-estate-appraiser-estimate-house-value-arv.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-15", "dateModified": "2022-06-15" } </script> <p>Anyone who has ever dabbled into the world of real estate investment heard at least once about the term "ARV". Suppose you are thinking about flipping a property or increasing the value of your house. In that case, ARV is a useful tool for measuring the potential value of real estate and calculating your return on investment.</p> <p>You would be surprised to find out how a small renovation can help with the appraisal, and ARV is used to estimate the house's value after you have finished the repairs. It can be anything from adding square footage to fixing curb appeal or even adding modern appliances. There is no better way to visualize the potential worth of your fixer-upper property than using ARV.</p> <p>However, as with many real estate terms, it may be unclear what ARV really is and how it is calculated. That's why we created this article to help you get the idea of ARV and find out if it can be useful for you.</p> <h2>After Repair Value</h2> <p><img alt="house remodel construction arv repair property" class="img-fluid" src="https://sleeveuphomes.com/img/house-remodel-construction-arv-repair-property.jpg" /></p> <p></p> <p>ARV or After Repair Value is a measuring tool often used by real estate investors buying fixer-upper properties, to determine the cost of repairs, maximum bid price, or a potential sales price. Still not sure what is ARV? Don't worry, here is an example.</p> <p>You are an investor looking for a distressed property to flip and sell for profit. That investment property in its current condition is worth $200,000 and you hire an appraiser to determine what should be repaired and how much value would those repairs add. Alternatively, you can create a list of repairs and renovations and give it to the appraiser to estimate the potential value.</p> <p>You would add renovation costs to the selling price of the house. Additionally, the future price can also be estimated by looking at market conditions, age, and the neighborhood where the property is located. You can take a renovation <a href="https://sleeveuphomes.com/mortgage-rates-jump-for-the-second-time-in-a-week">mortgage</a> to pay for the repair cost, or buy a property for a discounted price, considering the cost of repairs. Lenders offer a maximum loan amount of 65% of the ARV.</p> <p>Let's say that the assessment of future value goes $100,000 above the sale price, which means that you have to make that money work for both renovation costs and your profit margin. Now that we know what ARV is, let's find out how to calculate it.</p> <h2>How to Calculate ARV?</h2> <p>We established that the price after repairs or ARV will be a tool to determine the property's future value after all renovations are done. You can use this tool even if you are not an investor, but just want to increase the value of your home. Well, lucky for you there is a simple formula that investors use to determine the ARV:</p> <p style="text-align: center;">ARV = Property’s Purchase Price + Value of Renovations</p> <p>The property's purchase price is the current property value, and the added value is a combination of the repair costs and perceived value of renovations. So, to circle back to the house that we talked about earlier:</p> <p style="text-align: center;">ARV = $300,000 + $100,000 = $400,000</p> <p>However, experienced flippers know that this equation is not as reliable without other value components considered during the assessment. Combining ARV with comparative market analysis will help you greatly. Evaluate real estate comps with similar features as your house after the repairs. Consider a few listings close to yours with comparable square footage and amenities, such as the number of bedrooms and bathrooms.</p> <p>Doing preliminary and subsequent appraisals is another trick in the book of fix-and-flip investors. Things can change during the renovating process and ARV does not always match up to the real final value. Additionally, some unpredictable repair costs could eat up your operating income.</p> <p>A current appraisal will show you the value of the house you bought as-is, while an appraisal post-renovation will show you the real value of your newly renovated property. You should never lean only on ARV when setting a listing price.</p> <h2>When Is ARV useful?</h2> <p>You might think “is ARV useful to me if I am not an experienced flipper” and the answer is - yes, if you are looking to renovate your house, might as well do it in a way that will increase its value. However, it is undeniable that ARV is primarily a tool for house flippers and buy-and-hold investors.</p> <p>A fix-and-flip investor is someone who is interested in the short-term strategy, because they buy a house, renovate it and sell it for profit, which is usually done in a short period of time. On the other hand, buy-and-hold investors are long-term investors, who are interested in the <a href="https://sleeveuphomes.com/renters-feel-pressured-to-buy-property-due-to-rising-rent">rental</a> income opportunity.</p> <p>Both types of investors use the ARV tool, however, they use it for different purposes and in different stages of their investment. House flippers use it to compare properties in the real estate market and choose the ones that will offer the biggest return. They usually use the abovementioned formula to determine the highest profit margin before actually investing.</p> <h3>ARV and Long-Term Investments</h3> <p>Long-term investors use ARV calculations a bit differently since they don’t use it to compare properties. Rather, they use it to find out how to increase the incremental cash flow and the long-term market value. The standard ARV formula isn’t enough for this calculation, as there are more factors to consider.</p> <p>Buy-and-hold investors have something called the capitalization rate, a metric of the annual gross income of the property. That rate is not a constant, but it is not as fluctuant as other factors. Your annual net operating income (NOI) is determined by multiplying the cap rate and the market value of the property. If you want to increase your NOI, you need to boost the market value - which you can do by calculating the ARV.</p> <p>Current market value $300,000 x 7% cap rate = $21,000 NOI</p> <p>Target market value $? x 7% cap rate = $24,500 NOI</p> <p>This question mark is actually what would be the ARV for a long-term investment, and you can calculate it by multiplying your wanted NOI and the cap rate. Buy-and-hold investors use this formula all the time for increasing their annual cash flow from single-family rental house investments.</p> <h3>The 70% Rule</h3> <p>The 70% rule is another measuring tool house flippers use when scanning the market for investment. It refers to the maximum offering price that would be lower than the market value but competitive enough for the seller to accept it. For an investment to make financial sense, fix-and-flip investors target those houses which can sell for 70% of ARB minus the estimated repairing costs:</p> <p>(ARV x 0.7) - Cost = maximum selling price</p> <p>Of course, an investor would always hope to buy a house for less than the maximum target, but this formula helps them to compare the listings. Moreover, the maximum selling price would not matter as much as how much profit can it bring after renovation. This 70% number is a handy rule, especially for those who just started flipping houses.</p> <h2>Limitations of ARV</h2> <p>However useful ARV is, it is important to note that it is just an estimate, so there could be room for mistakes. Not only that it is an estimate, but it is merely capturing the value in that particular moment in time - the market can change, inflation can increase the renovation costs, not to mention many unpredictable repairs. There is a risk that all these factors can change, but they rarely do in a way that can significantly hurt the investment.</p> <p>On the other hand, if you want to go through the repair process of your dream house, ARV can help you pinpoint how much to invest in renovations for it to make sense in the long run. However, if you want to sell your house and that is why you need an ARV - stop what you are doing, because <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> has a solution for you.</p> <p>We will buy your house as-is for top-dollar - no need to worry about curb appeal, fresh paint, or new kitchen appliances. <a href="https://sleeveuphomes.com/request-offer">Request an offer right now</a> and see it for yourself - we won’t disappoint.</p>
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            • titleWhat Does Contingent Mean in Real Estate
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-does-contigent-mean-in-real-estate" }, "headline": "What Does Contingent Mean in the Real Estate Industry?", "description": "What if your dream house is, in fact, a contingent listing? Can you make an offer? And what does contingent mean in real estate? Read this article to find out.", "image": "https://sleeveuphomes.com/files/blog/c4cc7cbc-8222-4aa3-a215-8ab6eb0dd36f_real-estate-agent-shaking-hands-with-client.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-29", "dateModified": "2022-06-29" } </script> <p>Let's face it - house hunting is tiring. But it's all worth it once you find the one house that fits all your needs and stays within your budget. However, what if your dream house is, in fact, a contingent listing? Can you make an offer? And what does contingent mean in real estate?</p> <p>We know how many real estate terms there are and how confusing they can be. That is why we made this in-depth article explaining different listing statuses but focusing on contingency. If you are working with a real estate agent it is best to consult with them on every home purchasing decision, such as making a contingent offer or what contingency clauses to put in your offer.</p> <p>Nevertheless, it is best to get familiar with these terms so you can have a productive conversation with your agent, rather than spending time not knowing what they are talking about.</p> <h2>Contingent Listing Status</h2> <p>There are listing services that real estate agents use to get information on all properties on the market. The listed houses are not in the same phase of the sale. Active listings are referring to the houses without accepted offers. Once the seller accepts the offer, the listing status transfers to contingent.</p> <p>When a seller finds the offer they are satisfied with, the sale is not done yet. The seller and the potential buyer sign a sale contract, and until all the clauses from the contract are met - the house remains contingent. But why, what does contingent mean in real estate?</p> <p>The term contingent stems from contingency clauses. Contingency clauses are actually the conditions that the buyer sets for the seller in the offer and (if they accept it) later in the sales contract. Each clause serves to protect the buyer and his earnest money. Additionally, the clauses give the prospective buyer a way out in case some conditions aren't met.</p> <p>There are many types of contingencies, and every homebuyer chooses carefully what to put in their offer since sellers don't like to be conditioned - especially in the hot market.</p> <h2>Types of Contingencies</h2> <p>The offer that the buyer makes is rarely just about the money, it is also about the nuanced way to come up with contingency clauses. Real estate agents are very helpful during this time in the home buying process, as they can advise you what not to compromise on, like home inspections and financing.</p> <p>The most common contingency is probably <em>financing contingency</em> or <em>mortgage contingency</em>. That is because most home buyers have to take on a loan to buy a property. Although preapproval means a lot, it is not always certain that you will get approved. The mortgage clause protects your earnest money in case you don’t get approved for a mortgage.</p> <p><em>Appraisal contingency</em> refers to the permission to back out of the sale if the appraisal value of the house is less than the sale price. An appraisal contingency is required when there is a mortgage lender involved, but cash buyers often use it as a future safeguard against potential equity loss.</p> <p>There was a lot of talk about inspection contingency amidst the flaming hot market in 2021. Real estate agents were repeatedly advising people not to compromise on inspection contingencies, but the gap between demand and supply was so large that people had no other choice.</p> <p><em>The inspection contingency</em> is a clause in the sale agreement that allows the buyer to back out if there is a major repair issue with the property. Two parties can even agree that some repair costs get paid by the seller before the sale gets finalized.</p> <h2>Can You Make an Offer on a Contingent Listing?</h2> <p>Since the sale can fall through during contingency, many sellers keep their options open and accept backup offers. Contingent property is, therefore, an active listing - but purchasing it could be more expensive and complicated than the regular active property.</p> <p>Backup offers should be carefully thought out. While you are focusing on getting that particular house, the seller is looking for the best offer and you might lose time and resources, but end up priced out.</p> <p>A seller who just got out of contingency status is probably impatient, eager to sell and looking for the easiest way out of the market. If there is a cash offer or a buyer without contingencies a seller might gravitate toward them, rather than you - another regular buyer with a new set of contingencies.</p> <p>However, this doesn’t mean that you should abandon your needs. Consider the advice of your real estate agent, and don’t compromise on what is important to you. It’s better to spend a few more weeks looking for a new house, than years on paying unexpected repair costs.</p> <p><em>Title contingency</em> is another common clause in the sale agreement. A title company should inspect each title transfer since the house’s first owner, to make sure that there are no liens on the house. You don’t want to pay off other people’s debts or to have an old relative pop up and ask for a part-ownership.</p> <h2>Contingency Statuses</h2> <p>You might have seen many different labels of contingency statuses. A house is rarely in a plain contingent state. Rather, a seller will specify how open they are to an offer. That is why listing agents use subcategories. There are six most commonly used contingency statuses, and each of them has a slightly different meaning for a house hunter.</p> <p>Contingent property is the closest to active status when it is marked Contingent: Continue to Show or CCS. This means that the seller continues to show the property and accept offers while dealing with multiple contingencies.</p> <p>Contingent: No show is a listing status the closest to a house being off the market. The seller and their agent are sure that all contingencies will be met in no time. These properties do not accept new offers and there are no showings. It is best not to get caught up on properties in this category.</p> <p>When a homeowner has major financial issues and <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">isn’t able to pay their mortgage installments</a>, there is a high chance of a short sale scenario. If a house is in short sale contingency it is very unlikely that it will come back to an active contingency status.</p> <p>During a short sale, a seller is accepting offers for less money than the house’s actual market value and even less than what they own on the mortgage. Short sale contingent properties are not accepting new offers, they are in a process of a short sale, which can take months.</p> <p>A contingent property can be with or without a kick-out clause. If there is a deadline for the buyer to fulfill all contingencies then there is a kick-out clause. Without it, the seller can take as much time as they need to meet all conditions listed in the sales contract.</p> <p>There is another category you might have seen while browsing through the listings, and it is a contingent probate status. This status occurs when a homeowner passes away, and there are no plans set in place after his or her death.</p> <h2>The Difference Between Contingent and Pending Status</h2> <p>Contingent vs pending status is sometimes, mistakenly used interchangeably. Property with pending status is much closer to closing than the one with contingent status. A house is pending when all contingencies are met, and the sale is in process.</p> <p>It is quite unlikely that a pending home returns to active status. A buyer will probably lose their earnest money if they back out of the sale during pending status. A seller has to pay penalties if they back out of the sale at this point of the process.</p> <p>That is why many real estate agents will advise you not to get your hopes up for a pending property. Nevertheless, the chances are low - but never zero.</p> <h3>Common Pending Statuses</h3> <p>It is not illegal to put an offer on a pending property. Especially if the seller notifies that they are taking backups or that the property is pending for more than 4 month</p> <p>Another common pending status is a pending short sale, which is similar to the contingent short sale, just a bit further along the process.</p> <h2>Do You Want to Avoid Contingencies When Selling a Property?</h2> <p>If you were thinking about selling your house, this article shouldn’t discourage you. If you want to avoid contingencies and a long selling process, we have a solution for you. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> is ready to buy your house as-is, and we don’t need a long time.</p> <p>We are guaranteeing ten grand more, and without fees, commissions, and no repairs. Just contact us, <a href="https://sleeveuphomes.com/request-offer">request an offer</a>, and see for yourself</p>
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            • short_descriptionWhat if your dream house is, in fact, a contingent listing? Can you make an offer? And what does contingent mean in real estate? Read this and find out.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/joint-tenancy-agreements" }, "headline": "How Do Joint Tenancy Agreements Work?", "description": "If you’re wondering whether to buy a property with another person in joint tenancy, you’re in the right place. Learn what you need to know to make a wise choice.", "image": "https://sleeveuphomes.com/files/blog/4403a2c8-6506-4e5d-bbe9-a3b9ff5a5de2_black-couple-sitting-on-a-sofa.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-12", "dateModified": "2022-09-12" } </script> <p>When looking at all the steps involved in buying a home, you might ask yourself whether your finances will suffice. Even with an excellent credit score, saving money for a down payment and closing costs can get complicated.</p> <p>For this reason, many people opt for buying a property with another person under <strong>joint tenancy</strong> as this way they share the financial responsibilities. Purchasing a home with someone can allow you to become a homeowner earlier than you would on your own. However, sometimes shared ownership of a house can be tricky to navigate.</p> <p>Here, we discuss joint tenancy, how it works, and its pros and cons to help you decide whether this financing option might suit you.</p> <h2>​​What Is Joint Tenancy?</h2> <p>Joint tenancy refers to ownership where <strong>two or more parties enjoy equal rights to share and responsibilities for personal or real property</strong>. This legal ownership agreement can be used by both married and unmarried couples, relatives, close friends, and business partners. Note that joint tenancy differs from other co-ownership agreements as it includes the right of survivorship which prevents interest in the property from being inherited by the co-owners' heirs.</p> <p>While joint tenancy can apply to the ownership of various assets, such as personal property, real estate, business ownership, and banks and brokerage accounts, people generally think of it in relation to purchasing a home.</p> <h3>Key Characteristics of Joint Tenancy</h3> <p>One of the main features of joint tenancy is the right of survivorship - if one of the owners dies, the other owner or owners get their share.</p> <p>Each co-owner has equal rights to use and enjoy the property. However, specific requirements must be met for this to happen. Joint tenancy typically requires <strong>time, interest, possession, and title</strong>, meaning that the owners have to become joint tenants in the same instrument or deed at the same time. Moreover, they must have an equal ownership interest and take possession of the property at the same time.</p> <h2>How Does Joint Tenancy Work?</h2> <p>All parties have to enter the co-ownership at the same time through the same deed to begin joint tenancy. The deed indicates that the joint tenants own an equal amount of interest and are financially responsible for it. Moreover, each tenant shares the responsibility of paying for the mortgage and property taxes.</p> <p>Because the joint tenants have equal interest, <strong>the property can’t be sold if one party doesn’t consent</strong>. However, a joint tenant can choose to transfer their interest to another party instead of selling.</p> <p>Even so, the new party may not enter the joint tenancy when the interest is transferred. Instead, the joint agreement is ended, and the new party has to enter a new co-ownership arrangement with the remaining tenant, known as the tenancy in common.</p> <h2>Tenancy in Common vs. Joint Tenancy</h2> <p>As you know by now, joint tenancy isn’t the only way that two or more people can enjoy shared ownership of a property. Depending on the relationship between the parties involved and other circumstances, they may choose to enter a <strong>tenancy in common</strong> agreement instead of a joint tenancy. While these two terms sound similar, there are several vital differences between them.</p> <p>With the joint tenancy, all parties have equal ownership of the property. On the other hand, with the tenancy in common arrangement, the interest can be split into different percentages. Let’s say you bought a house with two relatives where you own 40% of the property, and they own 30% each. Even though you own more, all three of you would have a claim on the property. This means no party can claim ownership over it.</p> <p>Moreover, tenancy in common allows co-owners to transfer or sell their share without the consent of other tenants, meaning heirs can inherit the shares of the deceased co-owners in the property after they die.</p> <h2>Joint Tenancy with Right of Survivorship</h2> <p><strong>Joint tenancy with right of ownership</strong> (JTWROS) is popular among married couples. Here’s why - in JTWROS, if one owner passes away, their share automatically goes to the other owner or owners, meaning a widowed spouse can remain in the house with full ownership and no legal fights.</p> <p>That said, JTWROS allows the property to bypass probate and pass directly to the surviving owner or owners. Skipping probate is particularly important if one of the tenants needs to use the property continually as their residence or keep a business going. The survivor will only have to deliver the proof of the JTWROS and a death certificate or other proof of death of the deceased to remain on the property.</p> <h2>The Benefits of Joint Tenancy</h2> <p>Sharing ownership in joint tenancy has several benefits, including:</p> <h3>Affordability</h3> <p>If you don’t have the funds or credit score required to qualify for a mortgage and buy a home on your own, <strong>joint tenancy can make homeownership a more affordable option</strong>. Typically, you will need a credit score of at least 620 and a debt-to-income ratio below 50% to qualify for a conventional loan.</p> <p>With joint tenancy, co-tenants still need a good credit score, but the income and debts of co-tenants are combined to calculate the DTI, making it easier to get a mortgage and secure a lower <a href="https://sleeveuphomes.com/how-are-minorities-affected-by-the-rising-interest-rates">interest rate</a>. Besides that, all obligations and financial burdens are equally divided and, therefore, more manageable.</p> <h3>Rights to Rent and Profits</h3> <p>Joint tenants are typically entitled to a share of the rents and profits the property receives in case of renting.</p> <h3>Right to Survivorship</h3> <p>As we mentioned, joint tenancy enables the survivor tenant to obtain the deceased share at the time of death. The process of transferring property is usually automatic and requires little to no paperwork.</p> <h2>The Drawbacks of Joint Tenancy</h2> <p>While joint tenancy offers many benefits, it does come with several drawbacks too, such as:</p> <h3>Vulnerability to Creditors</h3> <p>Sometimes, one of the joint tenant’s creditors can force a property sale for the said tenant to pay off a debt. This would leave the other joint tenants vulnerable to such risk even if they didn’t benefit from the other tenant’s debt.</p> <h3>No Inheritance Rights</h3> <p>Joint tenants don’t have the right to transfer their share of the property after their death. Instead, they stop owning their portion of the said property, even if their will states otherwise.</p> <h3>Compromising</h3> <p>With joint tenancy, one tenant <em>must get permission</em> from the other joint tenants to make vital decisions regarding the property. For instance, they may need a permit to obtain a<a href="https://sleeveuphomes.com/how-does-an-assumable-mortgage-work"> mortgage on the house</a> or transfer their share to someone else. This can be challenging if joint tenants disagree or don’t get along.</p> <p>However, an individual may petition a court to partition the property by forcing a sale or physically separating the property. This way, the property would no longer be owned in equal shares.</p> <h3>Divorce or Separation</h3> <p>If a married couple buys a house as joint tenants, their divorce or separation could <strong>complicate future legal battles</strong> because a divorced co-tenant is still responsible for their former spouse’s share of the debt. What’s more, neither party can sell the property without the permission of the other.</p> <h2>Choose Your Co-Tenants Wisely</h2> <p>Joint tenancy can allow you to buy a property sooner and have an easier time regarding financial obligations. However, this means you will be sharing the property and all the responsibilities that come with it with one or more individuals. That’s why it’s important to fully trust the people with whom you enter a joint <a href="https://sleeveuphomes.com/the-way-selling-property-with-tenants-should-be-done">tenancy agreement.</a></p> <p>If you want to buy a new home with other individuals as joint tenants and have an old house to sell, consider selling it to <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We’ll buy it as is for top dollar, which can help you save money for a down payment for your new home in no time. But don’t take our word for it - request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a>, and see for yourself!</p>
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            • short_descriptionIf you want to buy a property with another person in joint tenancy, you're in the right place. Learn what you need to know to make a wise choice.
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            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/what-does-dom-mean-in-real-estate" }, "headline": "What Does DOM Mean in Real Estate?", "description": "The DOM clock starts to run once the house is listed in the multiple listing service. But what does DOM mean in real estate? Find out here.", "image": "https://sleeveuphomes.com/what-does-dom-mean-in-real-estate", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-09-15", "dateModified": "2022-09-15" } </script> <p>When buying or selling a home, you will likely come across terms and abbreviations you don’t understand, such as DOM. So,<strong> what does DOM mean in real estate</strong>? DOM means Days on Market, indicating the number of days the house has been listed in the MLS (Multiple Listing Service). It begins when it first entered the MLS and lasts until the property is <a href="https://sleeveuphomes.com/under-contract-in-real-estate">under contract</a>.</p> <p>Although this may seem simple, it can get tricky. DOM can increase even once the seller has accepted an offer and the listing status has changed. That said, your total DOM number can significantly influence your home sale. That’s why it’s critical to understand it.</p> <p>One of the first questions potential buyers will ask real estate agents is how long the property has been on the market. A higher DOM than the average can negatively affect the selling price and, therefore, the seller.</p> <p>In this article, we explore DOM meaning, how it impacts home sales, and how to reduce it to have better chances of selling your home at desired price and time.</p> <h2>What Does DOM Mean?</h2> <p>So, what does DOM mean in real estate? DOM stands for <strong>Days on Market</strong>. It’s an industry term used for helping potential buyers and real estate agents understand how long a house has been listed on MLS for sale. Day 1 is the day a property is under contract with a real estate agent and listed on the MLS, whereas the last day is when a home goes under contract with a prospective buyer.</p> <h2>Home Selling Stages</h2> <p>There are several stages involved in the home selling process, and they appear in the MLS under different market statuses. That said, the MLS status will likely move to one of the following stages once the seller accepts an offer.</p> <ul> <li><strong>Under contract</strong>: In this stage, the seller has accepted an offer, and the buyer is clearing his financing and inspection contingencies. During the under-contract stage, the seller is still willing to consider another offer if the first one falls through. In this case, the DOM clock is still running.</li> <li><strong>Contingent</strong>: In this stage, the seller has accepted an offer contingent upon something else happening, often meaning the buyer has a house they need to sell in order to buy the seller’s home. Their house may still be under contract and waiting to close or not on the market yet at all. In this case, many sellers continue to market the home, hoping they will get a better offer. And if the seller receives another offer, the first buyer typically has the chance to remove the contingency. However, if they can’t remove their contingency, the seller might accept the other offer. Here, the DOM clock also continues to run.</li> <li><strong>Pending</strong>: Here, the transaction is past due diligence requirements and ready to close. The DOM clock stops in this stage.</li> </ul> <p>Note that if the contract falls out because of issues with inspection or financing, the house returns to the market. In this case, the DOM clock continues to run. If the status was pending, the clock continues to run from where it stopped.</p> <h2>Why Is DOM Important?</h2> <p>DOM can be used as an <strong>indicator of the real estate market but also of how well a house is priced</strong>. A higher DOM can be a bad sign and negatively affect the final selling price. That said, the ratio between DOM and sales price is typically inverse, meaning that the longer the property sits on the market, the lower the selling prices will likely be. Here's <a href="https://sleeveuphomes.com/How-Long-Does-It-Take-to-Sell-a-House-in-the-US">how long it takes to sell a house in the US</a>.</p> <p>On the other hand, when a property is on the market for a short period, the list and sale prices tend to be similar. Considering <a href="https://sleeveuphomes.com/tax-implications-selling-house-minimize-capital-gains-tax">the tax implications of selling</a>, it’s always better to sell your home at a higher price. And with shorter DOMs, many houses sell for more than their listing prices.</p> <p>Note that buyers often use days on market to decide their offer, and if the property has been on the market for a long time, they may be considering a lower offer.</p> <p>In addition, the higher the DOM, the more questions the potential buyer asks, such as: “Why hasn’t the home sold? What’s wrong with the property? How low will the seller go?”. As you can imagine, questions like these can further affect the home selling price to the seller's detriment.</p> <h3>Consider the History of a Property</h3> <p>When looking at a property with higher DOM, buyers should consider its history because the house may have been reduced in price, removing the major factor that was preventing buyers from purchasing it.</p> <p><strong>The number of days on the market can be misleading</strong> also if the status of the house changed to contingent a few days after being listed, but the sale fell apart. This can give you an impression that the property has been on the market for much longer than it has been in reality.</p> <h2>Can DOM Be Reset?</h2> <p>If the listing expires or is canceled, the days on market will go back to zero once relisted by another real estate agent. In some parts of the country, DOM standards show the previous listing history, also known as CDOM (cumulative days on market). Otherwise, the DOM can’t be changed and will continue growing.</p> <p>Some real estate agents relist the house while it’s still for sale after a significant price reduction, so the property appears in the listing updates as a new home for sale. However, any seasoned buyer’s agent and a knowledgeable home buyer will see through this strategy</p> <h3>What’s the Difference Between DOM vs. CDOM?</h3> <p><strong>CDOM stands for cumulative days on market</strong> and indicates the total sum of days the property has been available for sale without a successful closing. It differs from DOM as it describes all DOMs for the same listing.</p> <p>Let’s say a home has been listed for 16 days. On day 16, a prospective buyer goes under contract with the seller to buy the property. However, the deal falls through after a week. In this case, the property is relisted on the MLS with a DOM of 1 and CDOM of 17 - the original 16 days and the new day one listing.</p> <p>Still, CDOM doesn’t indicate the total sum of days a property has ever been listed. Instead, it relates to the most current try to sell the house.</p> <h2>How to Reduce the DOM</h2> <p>As we mentioned, the longer the property is in MLS, the smaller the chance it will sell at the desired price. For this reason, sellers should focus on reducing the home’s time on the market.</p> <p>There may be some things that are deterring buyers from making an offer. If you understand where the issues are and fix them, you can keep the DOM low. Here’s advice on how to reduce the number of the days on market and sell your house faster and at a favorable price.</p> <h3>Set the Correct Price</h3> <p>The DOM statistic is an excellent indicator of how well a property is priced. Houses that are competitively priced tend to go under contract faster than their overpriced competition.</p> <p>More often than not, sellers choose a price that’s above where the property should be listed in reality because they can always drop the price if they don’t get any offers. However, the best showings happen in the first several days on the market.</p> <p>The first prospective buyer will already have been looking for a while and even lost out on a couple of houses and will jump on a well-priced property. But if the house is overpriced, they will likely overlook it. They assume the seller won’t take a lower offer since the listing is new. However, as the DOM clock accumulates time, homebuyers begin to wonder where the problem lies.</p> <p>Eventually, the seller will consider dropping the prices. But as the price reduces, the DOM grows, creating even more suspicion about the property. When this happens, sellers tend to chase the market with the following price reductions, yielding lower offers and selling for less than they planned.</p> <p>That’s why <strong>pricing the house correctly from the start can generate a higher net</strong> and prevent a significant price reduction. Typically, sellers see the highest net profit during the first 30 days on the market, and this is why strategic and realistic pricing is essential.</p> <p>Correct pricing from the start is an excellent way to generate buyers and offers. The idea here is to price the home properly so you can get multiple offers. This is the best way for a seller to get more than the asking price. That said, once the potential buyers see the property as a great value, they are willing to make an offer, and the more offers you generate, the higher the final selling prices will be.</p> <h3>Be Flexible</h3> <p>To sell a house, you need to show it to prospective buyers. However, this may not always be convenient. If they can't see the property, they likely won’t make an offer. That’s why sellers need to be willing to change their plans to allow potential buyers to view the house.</p> <h3>Stage the House</h3> <p>If you want to sell your home quickly, it needs to look great. This can mean decluttering, cleaning, making minor repairs, and painting. This is a vital step in the home selling process because <strong>properties that look uncared for tend to stay on the market for a longer time</strong>.</p> <p>So, make sure your home is neat and clean, fix the taps, paint the walls in neutral colors (buyers like neutral colors because, this way, they can imagine how their space would look), and remove your photos and other things that infuse the property with your life. Also, enhance the curb appeal by planting some flowers. This way, your home will look inviting and have better chances of selling quickly at the desired price.</p> <p>If your home is under <a href="https://sleeveuphomes.com/what-is-an-hoa-the-meaning-regulations-pros-&-cons">HOA</a>, make sure to follow their guidelines when enhancing your home and increasing its value.</p> <h3>Get the Marketing Right</h3> <p>Once you stage your home, it’s time to focus on marketing. One study found <a href="https://www.prnewswire.com/news-releases/professional-real-estate-photography-sells-homes-32-faster-273534171.html">properties with high-quality photographs sell 32% faster</a> than homes without them. So, it's a good idea to get professional photographers to make an excellent first impression when the buyer sees your home in the MLS listings. This can be a deciding factor in their decision-making process. Having a detailed description in the listing can help too.</p> <p>The marketing can include social media posts, classified advertising, but also ​​old-school tactics such as signs, postcards, and print ads.</p> <h3>Negotiate</h3> <p>When selling a home, you may get offers you consider too low. In this case, it’s important to <strong>negotiate to not sell your property for less than its worth</strong>. However, negotiating isn’t easy if you have a lot of emotions tied up in the house. That said, keep your emotions in check and try to find the middle solution.</p> <h3>Choose a Skilled Real Estate Agent</h3> <p>A skilled real estate agent can help accelerate the home selling process because they know the market. They will likely find a buyer quickly and ensure the best possible price.</p> <p>It may be tempting to hire the first agent you find, but it’s better to be more selective. So, don’t hesitate to contact several agents and choose the one that seems to be the most qualified. Looking for their track records of success can help too.</p> <h2>Skip the Hassle: Sell Your Home Quickly</h2> <p>In this article, we have answered the question: “What does DOM mean in real estate?”, and discussed how DOM can impact the final selling price. You also got several tips on how to reduce this number and sell your home faster at the desired price. Even so, the home selling process can be tricky and full of surprises.</p> <p>If you want to skip all the hassle and sell your home quickly and for top dollar without making any repairments, marketing, and real estate agents, contact <a href="https://sleeveuphomes.com/">SleeveUp Homes</a>. We’ll buy your home as is for the best price. And you don’t have to take our word for it - request a <a href="https://sleeveuphomes.com/request-offer">no-obligation cash offer</a> and see for yourself!</p>
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            • short_descriptionThe DOM clock starts to run once the house is listed in the multiple listing service. But what does DOM mean in real estate? Find out here.
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            • titleCan You Sell a House with a Lien on It?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/can-you-sell-a-house-with-a-lien-on-it" }, "headline": "Can You Sell a House with a Lien on It? (and How To Do It)", "description": "Can you sell a house with a lien on it? Yes, but it’s a bit complex. This article explains all the options you have if you are selling a house with a lien on it.", "image": "https://sleeveuphomes.com/files/blog/2a12eabb-45e1-43b5-aaf7-e90688f2df86_selling-house.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-02-21", "dateModified": "2023-02-21" } </script> <p>Let’s get straight to the point - can you sell a house with a lien on it? Typically, yes, but it complicates the process. Selling a house with a lien is contingent on multiple factors, like the type of lien, how many liens you have, the difference between your outstanding debt and the value of your home, the type of sale, your creditors, etc.</p> <p>That’s precisely what this article is meant to clarify – all the intricacies involved in selling property that has liens attached to it. And so, we should begin from the basics – what is a lien?</p> <h2>What Is a Lien? (and How To Check if You Have a Lien on Your Property)</h2> <p><strong>A lien is a legal instrument by which creditors acquire the right to claim the property of their debtors to repay any outstanding debts,</strong> under specific circumstances. In other words, a lien gives your creditor the right to use your house as collateral if you are unable to meet your obligations towards them.</p> <p>As far as checking if you have a lien on your house goes, it’s easy. All liens are recorded with your county’s clerk, assessor, or recorder, depending on where you live. You can find a lien by searching your address on their websites or even contacting them directly.</p> <h2>Is Selling a House with a Lien Possible?</h2> <p>Thus, a lien is a claim on your property by your creditors as long as you have debts. So, can you sell a house with a lien on it? In almost all cases, yes. Selling a house with a lien will make the process a bit more complicated, but it’s within your right. Typically, you have two options:</p> <ul> <li>Clearing the lien from the proceeds of the sale</li> <li>Clearing the lien up front, before the sale</li> </ul> <p>There are multiple options for how you can clear a lien (besides simply paying your debts) that we will discuss later on in the article. Before we get to that, let’s explain what the most common types of liens are.</p> <h2>Types of Liens You Can Have on Your Home</h2> <p>There are many types of liens you can have on your home, but they fall into two broad categories: voluntary and involuntary.</p> <p>Voluntary liens are those where you agree to have a lien recorded against your property, like when you take out a mortgage and the bank uses your house as collateral. Involuntary liens are those where you have unpaid debts and get a lien placed on your property through a court process initiated by your creditor or another plaintiff.</p> <h3>Voluntary Liens</h3> <p>The most common type of voluntary lien is a mortgage lien. As we’ve mentioned above, you take out a <a href="https://sleeveuphomes.com/how-does-an-assumable-mortgage-work">mortgage loan</a> and agree for the bank to place a mortgage lien on your home. If you default on your payments, the mortgage lien gives the bank the right to foreclose on your home to pay off your loan.</p> <p>Just to be clear, your creditor can’t simply foreclose on your home if you missed one mortgage payment, regardless of the mortgage lien. The <a href="https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure">foreclosure process</a> is highly regulated, varies across the US, and you can often <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">avoid foreclosure</a>. So, a mortgage lien gives your creditor the right to sell your house, but not on a whim.</p> <p>As far as mortgage liens go, there are two types:</p> <p>Primary (also called priority lien) – the first mortgage you take out on your house is the primary lien. This is the first debt that will be paid in case your home is sold in case of foreclosure.</p> <p>Secondary (also called junior lien) – you also have the option to borrow against your home equity and take out a second mortgage. Whether you take the loan from the same lender as for your first mortgage or from a different one, the second mortgage is the secondary lien. It only gets paid once the primary lien is taken care of.</p> <p>For example, let’s say your outstanding debt for your first mortgage is $300,000 and $20,000 for your second mortgage. The bank forecloses on your house and sells it for $300,000. In that case, the primary lien would be paid in full, while no money would go towards the secondary lien. In case the house sold for more, the rest of the money would go towards paying back the second mortgage.</p> <h3>Involuntary Liens</h3> <p>So, involuntary liens are placed on your property because of outstanding debts. The most common are:</p> <ul> <li>Judgment lien – when someone files a lawsuit against you, like a lawsuit for injuries or damages, wins that lawsuit, and you can’t pay the court-ordered amount, they can place a lien on your house for the amount they won. You can typically sell a property with a judgment lien on it, but you need approval from a judge.</li> <li>Child support/alimony lien – if you are unable to make your child support or alimony payments, a court can place a lien against your home. Like with judgment liens, you would need court approval before you can sell your house.</li> <li>Mechanics lien – mechanics liens are liens placed by contractors, builders, other traders, or suppliers for the work they’ve done or the supplies they sold if you aren’t able to pay them.</li> <li>Tax lien – the government can place a tax lien on your property for taxes you haven’t paid. Tax liens can be both for unpaid income or <a href="https://sleeveuphomes.com/how-is-the-los-angeles-county-property-tax-rate-determined">property taxes</a>. <em>A tax lien generally has priority over all other liens</em>. This is one of the reasons lenders often include property taxes into monthly mortgage installments – unpaid property taxes could lead to the lender losing money in case of foreclosure if the money from the sale is not enough to cover both the outstanding taxes and the mortgage.</li> </ul> <h2>What Is the Priority of Liens?</h2> <p><strong>When you are selling a house with liens on it, the debts are paid back in the order that the liens were recorded</strong>. This typically means that the mortgage lien takes priority – after all, you can’t use the property as collateral if you don’t own the property.</p> <p>From there, the liens have priority based on the date of recording with one exception – <strong>tax liens have priority over all other liens</strong>. So, a common situation when a house has multiple liens on it would be something like this, in order of priority:</p> <ol> <li>Tax lien</li> <li>Mortgage lien</li> <li>Judgment lien (recorded in 2021)</li> <li>Mechanics lien (recorded in 2022)</li> <li>Alimony lien (recorded in 2023)</li> </ol> <h2>How To Get a Lien Off Your House</h2> <p>As far as clearing liens goes, there are several options:</p> <ul> <li>Paying off your debt upfront – the first and most obvious solution is to pay off all of your debts. This will remove any liens on your property.</li> <li>Dispute the lien – in some cases, an attorney may help you dispute the amount of the lien or even remove it completely. It is not uncommon for people to repay their debt but that the lien-holder does not request for the lien to be removed so it still shows up on the records. In this case, hiring an attorney could help you out.</li> <li>Pay the debt from the <a href="https://sleeveuphomes.com/what-are-net-proceeds-when-selling-a-house">proceeds of the sale</a> – one of the first questions asked in this article was – can you sell a house with a lien on it? Again, the answer is yes, but then the amount owed would need to be worked into the <a href="https://sleeveuphomes.com/how-much-are-closing-costs-in-california">closing costs</a>. So you would pay off your debt from the proceeds of the sale.</li> <li>Selling a house with a lien for cash – in some parts of the US, you can sell your house for cash even if it has a lien on it. However, this does not remove the lien attached to the property and the buyer would need to pay off the lien.</li> </ul> <h2>Important: Clearing a Lien Does Not Clear Debt</h2> <p>If your house has liens attached to it and your creditors foreclose on your property and sell it, the liens on the property will be cleared. However, this does not mean that your debt is cleared. The liens will be paid off by priority as we’ve explained above.</p> <p><strong>You are still liable for any outstanding debt that could not be covered by the proceeds of the sale</strong>. The only difference is that the property is no longer collateral.</p> <h2>Sell Your House and Pay Off Your Debts</h2> <p>When you have outstanding debts, you need to make as much as you can from the sale of your home. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys all kinds of underwater properties for cash. We guarantee you can get more than what other investors or wholesalers are offering you.</p> <p>So, can you sell a house with a lien on it? Yes, to SleeveUp Homes. <a href="https://sleeveuphomes.com/request-offer">Request a no-obligation cash offer</a> to see how much you can get. And don’t worry about repairs or closing costs – we will take care of it all.</p>
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            • short_descriptionCan you sell a house with a lien on it? Yes, but it’s a bit complex. Discover all the options you have if you are selling a house with a lien on it.
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            • titleExplaining Real Estate Agent Types
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/different-types-of-real-estate-agents" }, "headline": "What Are the Different Types of Real Estate Agents and What Are Their Roles?", "description": "Are you selling or buying a house and wish to know about the different real estate agent types you can hire? Then read on to learn about their roles.", "image": "https://sleeveuphomes.com/files/blog/5512e41a-739e-4a20-a1f3-177f28f7d2d0_real-estate-agents.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-03-10", "dateModified": "2023-03-10" } </script> <p>Most people are represented by agents during real estate transactions. But not all real estate agents perform the same function – there are different real estate agent types. And if you are looking to buy or sell a home, you should familiarize yourself with the roles these agents play.</p> <p>That is precisely what this article will help you with. By the end, you will understand the different types of real estate agents that exist, how the classifications work, and what their job is. You will also know what the difference between a Realtor and a real estate agent is. Most importantly, you will know what type of agent you need. So let’s get to it.</p> <h2>What Is a Real Estate Agent?</h2> <p><strong>A real estate agent is a <em>licensed </em>professional that represents buyers and sellers during a real estate transaction.</strong> Real estate agents must pass exams and coursework to get their real estate license. The specific requirements to qualify for a real estate agent vary from state to state.</p> <p>For example, in California, the process to become a real estate agent (officially called a real estate salesperson) is regulated by the <a href="https://www.dre.ca.gov/examinees/requirementssales.html">California Department of Real Estate</a>, and you need to:</p> <ul> <li>Take 3 college-level pre-licensing courses (135 hours in total)</li> <li>Pass the final exam for the courses</li> <li>Pass a multiple-choice salesperson exam held by the CDRE</li> </ul> <p>There are a few additional requirements to become a real estate agent – like passing background checks and paying certain fees. Candidates that meet all the requirements, pass the courses and exams, and pay the needed fees can get their real estate license.</p> <h3>What Is the Difference Between a Real Estate Agent and Realtor?</h3> <p>A real estate agent and a Realtor are not the same thing, although many people use the terms as synonyms. A Realtor is a real estate agent that is also a member of the (non-governmental trade association) <a href="https://www.nar.realtor/">National Association of Realtors</a>. A Realtor needs to abide by the NAR’s <a href="https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/2023-code-of-ethics-standards-of-practice">Code of Ethics & Standards of Practice</a> (and pay association dues).</p> <p>Besides effectively doing the same job, one of the reasons that many people think that a Realtor and real estate agent are the same is because out of approximately 3 million licensed real estate agents in the US, over <a href="https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics">1,600,000 are members of the NAR.</a></p> <h3>How Are Real Estate Agents and Realtors Paid?</h3> <p>Real estate agents and Realtors work on commission. In other words, they take a cut out of the<a href="https://sleeveuphomes.com/what-are-net-proceeds-when-selling-a-house"> proceeds of the sale.</a> Typically, <strong>real estate agents take anywhere between 3%-6% of the proceeds from a real estate transaction.</strong></p> <p>Working on commission can be both good and bad for their clients – real estate agents are incentivized to get as much money as possible for their clients because they take a percentage, but they wish to move houses as fast as possible because if they don’t make a sale, they don’t get paid.</p> <h2>The 4 Basic Types of Real Estate Agents</h2> <p>When it comes to the different real estate agent types, the first classification is based on who they represent. Thus, there are:</p> <h3>Seller’s Agent</h3> <p>Seller’s agents, also called listing agents, represent the seller of a property. It is a seller’s agent’s job to get the best price for their client and sell the property as quickly as possible. A seller’s agent should:</p> <ul> <li>Help with setting the price by researching <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">real estate comps</a></li> <li>Advertise the property through MLS services</li> <li>Help market the property</li> <li>Help with staging</li> <li>Hold open houses</li> <li>Negotiate with buyers and buyer’s agents</li> <li>Help sellers decide what the best offer is</li> </ul> <h3>Buyer’s Agent</h3> <p>Buyer’s agents are the opposite of listing agents – they represent the buyer. It is the buyer’s agent’s job to find properties that meet their client’s requirements and represent their best interests in a real estate transaction. They should compare existing properties and negotiate with seller’s agents</p> <p>Both buyer’s and seller’s agents can also help with reviewing legal documents to facilitate a real estate transaction, although that is primarily the role of attorneys and/or escrow agents</p> <h3>Dual Agent</h3> <p>A dual agent is an agent that represents both the buyer and the seller. However, <strong>dual agents are not the norm in the US</strong> and are even illegal in some states. Even where they are not, a lot of real estate agents fear a potential conflict of interest and refuse to work as dual agents.</p> <h3>Real Estate Broker</h3> <p>A real estate broker is not truly one of the types of real estate agents, but a real estate agent that has also acquired a broker’s license. Brokers can open their own brokerages, manage agents, and oversee real estate transactions. They have expanded legal and financial obligations and authority.</p> <p>A broker can be the one you hire to make sure that all facets of a transaction are compliant with the applicable laws. Naturally, <strong>a real estate broker can also represent buyers and sellers</strong>, just like a regular real estate agent. In short, a real estate broker is like a real estate agent with a higher degree.</p> <p>That also means that a broker needs to complete additional training to obtain a broker’s license. For example, in California, a broker must:</p> <ul> <li>Complete eight related college-level courses</li> <li>a) Have two years of experience as a licensed real estate salesperson or equivalent experience or</li> <li>b) Have a four-year university degree with a major or minor in real estate</li> <li>Pass the broker’s exam</li> </ul> <h2>The Different Types of Agents According to NAR Designations</h2> <p>Besides the general real estate agent types, the National Association of Realtors also differentiates between 5 types of agents in real estate based on their internal criteria. The NAR provides the following designations:</p> <h3>Sales Representative Specialist</h3> <p>The <a href="https://www.nar.realtor/education/designations-and-certifications/seller-representative-specialist-srs">sales representative specialist</a> (SRS) is a seller’s agent that has undergone additional NAR training to represent their clients. The training is supposed to teach seller’s agents methods and techniques that will improve the service they provide to their clients.</p> <h3>Accredited Buyer’s Representative</h3> <p>The <a href="https://www.nar.realtor/education/designations-and-certifications/accredited-buyers-representative-abr">accredited buyer’s representative</a> (ABR) is the flip side of the SRS. They are buyer’s agents that undergo additional training in order to provide better services to buyers of real estate.</p> <h3>Certified Residential Specialist</h3> <p>A <a href="https://www.nar.realtor/education/designations-and-certifications/certified-residential-specialist-crs">certified residential specialist</a> (CRS) is another designation awarded by the NAR. A CRS can be a seller’s agent or broker that has specialized in selling residential property. Per the NAR, the CRS designation is the highest designation awarded to seller’s agents.</p> <h3>Seniors Real Estate Specialist</h3> <p><a href="https://www.nar.realtor/education/designations-and-certifications/seniors-real-estate-specialist-sres">A seniors real estate specialist</a> (SRES) is a designation awarded to Realtors that specialize in real estate transactions with seniors. All types of real estate agents that are members of the NAR can become SRES, i.e., both seller’s and buyer’s agents.</p> <h3>GREEN Designation</h3> <p>A newer NAR designation, the <a href="https://www.nar.realtor/education/designations-and-certifications/green">GREEN Designation</a> is intended for realtors that focus on real estate transactions dealing with <a href="https://sleeveuphomes.com/how-much-does-it-cost-to-build-a-sustainable-house">eco-friendly properties</a>. The training focuses on sustainability and energy efficiency in real estate</p> <h2>A Quick Overview of the Different Types of Real Estate Agents</h2> <p>To sum it all up, there are 4 basic real estate agent types:</p> <ol> <li>Seller’s agents</li> <li>Buyer’s agents</li> <li>Dual agents</li> <li>Real estate brokers</li> </ol> <p>These different types of real estate agents are classified based on who they represent.</p> <p>Besides these 4 basic types of agents, there are also:</p> <ul> <li>Non-NAR real estate agents – licensed real estate agents that are not members of the National Association of Realtors</li> <li>Realtors – licensed real estate agents that are members of the National Association of Realtors</li> </ul> <p>On top of that, the NAR issues specific designations to its members that pass certain specialized training and education.</p> <h2>Do You Need to Hire a Real Estate Agent to Sell Your Property?</h2> <p><strong>Absolutely not</strong>. While a real estate agent can help you find buyers, they will also take a significant cut of your profits – from 3% to 6%. This is a substantial amount of money, money you can save if you can find a good buyer on your own. And that’s where we come in.</p> <p><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys properties for top dollar in Southern California. We are direct cash buyers and don’t work with realtors, so the money we pay you is the money you get to keep. SleeveUp buys all types of properties – including homes facing foreclosure, inherited homes, or any other type of distressed property</p> <p>And regardless of the state of your property, you will get top dollar. Plus, we’ll take care of the closing costs and any necessary repairs in-house. But there’s no need to take us at our word – <a href="https://sleeveuphomes.com/request-offer">request a no-obligation cash offer</a> and see how much you can get. We guarantee that we will pay more than the other offers you received.</p>
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            • titleDoes Hardwood Flooring Increase Home Value?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/does-hardwood-flooring-increase-home-value" }, "headline": "Plan Before You Renovate: Does Hardwood Flooring Increase Home Value?", "description": "Does hardwood flooring increase home value? The short answer is a tentative yes, but there are many factors to consider. So let’s discuss them.", "image": "https://sleeveuphomes.com/files/blog/d686e219-f3ad-494e-930f-985f5a233ec1_a-male-worker-puts-flooring.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-03-24", "dateModified": "2023-03-24" } </script> <p>The idea of investing in a renovation project to increase your home's value can be enticing. Whether you're looking to increase the value of your home or just make it more comfortable for you and your family, one of the most popular renovation projects is installing hardwood flooring. But does hardwood flooring increase home value?</p> <p>Before you start tearing up carpets and installing hardwood floors, you need to do your research and plan accordingly. In this article, we'll discuss what factors you need to consider when planning a renovation project that includes hardwood flooring, such as cost versus return on investment (ROI).</p> <h2>Factors That Influence the Value of Real Estate</h2> <p>Hardwood flooring may seem like an easy way to add value to your home but that isn't always the case. There are many factors that impact whether or not installing hardwood will actually result in increased value for your property.</p> <p>When considering whether hardwood flooring will increase a home's value when renovating, there are several factors to consider. <strong>The most important factor is the current condition of the housing market in your area</strong>.</p> <p>If the market is strong and demand for homes is high, adding hardwood flooring may increase a home's value. On the other hand, if the market is weak and there is an oversupply of homes on the market, it may be difficult to recoup the cost of hardwood flooring when selling a home.</p> <p><strong>The second factor to consider is the condition of your existing floors</strong>. If you have carpets or laminate flooring that need to be replaced, then installing hardwood floors could increase your home's value. However, if you have tile or vinyl flooring in good condition, you may not see much improvement in value by investing in expensive hardwood floors.</p> <p>It also depends on what potential buyers are looking for in your area. In some markets, buyers may be willing to pay more for a home with newly installed hardwood floors than one with existing tile or vinyl flooring.</p> <p>In other markets, buyers may prefer real estate with tile or vinyl because they don't require regular refinishing like hardwoods do. Before deciding to install hardwood flooring as part of your home renovation project, it pays to research local trends and buyer preferences in order to determine if it will increase your home's value when selling it.</p> <h2>Types Of Hardwood Flooring</h2> <p>So, the aim of this article is to answer the question - does hardwood flooring increase home value? Besides the factors listed above, the answer largely depends on the type of hardwood flooring chosen. However, we should first define what hardwood floors are.</p> <p>Traditional, solid hardwood is made from a single piece of wood and is often considered the gold standard when it comes to adding value to a home. It can be sanded down and refinished multiple times over its lifespan, so it will last longer than many other types of flooring materials. However, because solid wood expands and contracts due to changes in humidity levels, installation costs can be higher as special techniques must be used for proper installation.</p> <p>Engineered hardwood, on the other hand, is composed of several layers of wood that have been pressed together. Typically, it has a core of high-quality plywood with a hardwood layer on top.</p> <p>The benefit of engineered hardwood is that it’s more resistant to temperature and moisture than solid wood, making it ideal for rooms with higher levels of humidity. It's also easier to install and tends to be more budget-friendly than other varieties. However, many don’t consider engineered wood true hardwood, so it may not add much value if you're looking to sell your home in the future.</p> <p>With that out of the way, let’s talk about the specific wood that is used for hardwood flooring.</p> <h3>Hardwood Grades And Costs</h3> <p>When it comes to hardwood floors, the grade of wood can make a difference in how much it increases your home value. There are various types of hardwood flooring with different grades that range from low-cost to more expensive grades. Low-cost options include softer woods like pine or fir, while more expensive grades consist of harder woods like hickory, oak, or walnut.</p> <p>The cost of installing hardwood floors will vary depending on the type and grade chosen. Higher-grade hardwoods usually carry a higher price tag due to their durability and longevity. On the other hand, lower-cost options are often cheaper in terms of installation but may not last as long.</p> <p>When renovating your home with wood floors, be sure to think about not just the initial cost of installation but also the long-term maintenance costs that could come with it. Harder woods may require more frequent polishing or refinishing over time in order to keep them looking their best, whereas softer woods may require less maintenance overall.</p> <h2>What Is The Average Cost Of Hardwood Flooring Installation?</h2> <p>We’ve discussed the different types of hardwood flooring, so now let’s discuss the costs. On average,<strong> homeowners can expect to spend anywhere between $3 to $8 per square foot on labor and between $3-10 for materials</strong>. This brings the cost of installing hardwood floors between $6 and $18 per square foot.</p> <p>Clearly, that’s a rather large range. The cost of the materials will depend on the factors discussed above, while the labor costs hinge on the type of work that needs to be done. Basic labor such as laying down subflooring and leveling out surfaces costs less, while more complex steps such as sanding or staining are more expensive.</p> <h2>Benefits Of Hardwood Floors</h2> <p><img alt="solid oak wood flooring" class="img-fluid" src="https://sleeveuphomes.com/img/solid-oak-wood-flooring.jpg" /></p> <p>While there are many <a href="https://sleeveuphomes.com/assessed-value">factors that influence a home's value</a>, hardwood flooring can certainly increase its worth. Not only does it add a warm and inviting aesthetic to any living space, but it also makes a home easier to sell and can even add resale value when the time comes. When deciding whether or not to renovate with hardwood flooring, consider the following advantages:</p> <ol> <li>Hardwood Flooring is Durable and Low Maintenance: Hardwood flooring is highly durable and easy to maintain, which means fewer repairs and less money spent over time. Plus, it doesn't require much in terms of upkeep - just regular sweeping and occasional mopping will keep it looking beautiful for years to come.</li> <li>Hardwood Flooring Increases Home Value: Installing hardwood floors can be an excellent way to increase the value of your home when you're ready to sell. Many buyers are attracted to this type of flooring because they know they won't need to spend extra money on repairs or replacements down the road.</li> <li>Hardwood Flooring Enhances Aesthetics: Last but not least, hardwood floors give any room a cozy feel without sacrificing style or sophistication. They come in various colors and finishes that can easily match any existing decor scheme while adding character and charm to any room in your house.</li> </ol> <h2>How To Prepare Before Instaling Hardwood Floors</h2> <p>Before you begin the installation process of hardwood flooring, there are some important steps you should take to ensure that your renovation will increase the value of your home. Firstly, it is essential to plan and budget for the project.</p> <p>After allocating a budget for the materials and labor costs, it's also important to consider any additional fees associated with installing hardwood flooring such as permit fees and disposal costs.</p> <p>Secondly, if you’re planning on selling your home shortly after installation, it’s best to research what kind of hardwood flooring buyers in your area prefer. Lastly, make sure to hire a professional contractor who is experienced in installing hardwood flooring so they can properly assess your space before beginning the installation process.</p> <p>Doing this helps ensure that you get the most out of your investment and makes it easier when it comes <a href="https://sleeveuphomes.com/How-Long-Does-It-Take-to-Sell-a-House-in-the-US">time to sell</a>. With proper planning and preparation, you can be confident that installing hardwood flooring will increase the value of your home.</p> <h2>Let’s Talk Numbers</h2> <p>So, if the only point of this article was to answer - does hardwood flooring increase home value? - then we could have ended with a simple yes. But we felt it was necessary to explain all the factors that could affect the value of your investment. Because, ultimately, it’s not just about increased home value, but your ROI (return on investment) when selling your real estate.</p> <p>So, are there any stats regarding the ROI when installing hardwood flooring? Unfortunately, not a lot. Precisely because of all of the moving parts we mentioned, it’s hard to determine how much you can profit from installing hardwood flooring. The most relevant stat comes from <a href="https://www.realtor.com/advice/home-improvement/will-hardwood-floors-provide-a-good-return-on-investment/">Realtor.com</a> - the ROI for hardwood floors is between 70% to 80%.</p> <h3>The ROI for Hardwood Floors in Dollars</h3> <p>The above means that if you were to pay $2,000 to install hardwood, you could sell your house for $3,400 to $3,600 more, making a profit between $1,400 - $1,600. Again, it all depends on your local market conditions, buyer preferences, the type of flooring you use, etc. So while such a high ROI may seem very enticing, it’s never a 100% safe bet.</p> <h2>Should You Sell Without Renovating?</h2> <p>We’ve answered - does hardwood flooring increase home value? The answer is a conditional yes. However, do you really need to install hardwood flooring if your main goal is to sell high? Then, the answer is a resounding <em>no</em>.</p> <p><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys properties in Southern California for top dollar. You don’t need to make any repairs or renovations to get the best price - we’ll buy it as is. On top of that, we don’t work with realtors but buy your house directly from you so you won’t be paying any real estate agent fees.</p> <p>So, before you start installing hardwood floors, calculate how much it would cost you. Then, estimate your return on investment. With that info in hand, come to us and <a href="https://sleeveuphomes.com/request-offer">request a free cash offer</a>. We’ll do an inspection of your property and make you a cash offer.</p> <p>We believe you’ll see that there’s no reason to invest in hardwood flooring when you can already get top dollar for your house as-is.</p>
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            • short_description Does hardwood flooring increase home value? The short answer is a tentative yes, but there are many factors to consider. So let’s discuss them.
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            • titleCan You Sell a House in Foreclosure?
            • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure" }, "headline": "Can You Sell a House in Foreclosure? - with a Guide to the Process", "description": "Can you sell a house in foreclosure? Yes, but the process is complex and may not be your best option. Learn how to properly navigate the foreclosure process.", "image": "https://sleeveuphomes.com/files/blog/00e5136b-a4a0-43de-9acb-810394aef39e_foreclosure.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-04", "dateModified": "2023-08-08" } </script> <p>You are behind on your mortgage payments. Maybe you missed a payment or two, but now you are starting to get letters from the lender that if you don’t bring your account to current, the foreclosure process will begin. You may have even gotten to the point where you are starting to wonder - can you sell a house in foreclosure?</p> <p>This is scary. No one wants to lose their house. Also, no one wants to be saddled with mounds of debt with no hope of ever paying it back. The bills continue to mount, and you don’t see a way beyond giving up your home or declaring bankruptcy.</p> <p>Remember, there is a light at the end of the tunnel. You do have options and one of those options is selling your home. Yes, even if you are <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">behind on mortgage payments</a> and the lender has started the foreclosure process, you can still sell your home if it’s in foreclosure. But selling your home doesn't need to be the first option.</p> <p>In this article, we will give you the details on selling your home when it is in the foreclosure process. There are plenty of pitfalls and items you need to consider when trying to sell in foreclosure. Also, while selling your home may be your best option, there are other steps you could consider as well, and we will also walk you through those options.</p> <h2>What Is Foreclosure?</h2> <p>In the simplest of terms, a foreclosure is a default on your mortgage payments due to which your lender takes possession of your property and tries to sell it to recover the losses. But <strong>missing one payment or even multiple payments <em>does not</em></strong> immediately initiate foreclosure in California.</p> <p>There is a process, and regardless of where you are in the process, you have options to sell. Your lender may foreclose on you by going through court proceedings (this is called judicial foreclosure) or without them (this is called non-judicial foreclosure).</p> <p>What method will be used depends on the laws of the state where your property is located - some states allow for only one type of foreclosure, while some allow both. In California, the lender may choose between the judicial or non-judicial method.</p> <h3>What is a Judicial Foreclosure?</h3> <p>A judicial foreclosure is when the lender files a lawsuit, asking for the court to issue an order allowing a foreclosure sale. You will receive a copy of this letter. You need to respond to the order. If you don’t respond in writing, the lender will win the case.</p> <p>You can choose to defend the lawsuit. In this case, the court will review the evidence and determine the winner. If the lender wins, your home will be sold at auction. Even if this occurs, you still have the ability to sell your house before it goes up for auction.</p> <p><img alt="a wooden judge's gavel next to a house key with a house pendant" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-depiction.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Avoid judicial foreclosure on your California home by working with a home buyer.</em></p> <h3>What Is a Non-Judicial Foreclosure?</h3> <p>Non-judicial foreclosure means that your lender does not need to initiate court proceedings to force the sale of your house. However, that does not mean that they can sell your property without following a certain process that is governed by law - they just don't need to do it through the courts.</p> <p>Federal laws regulate non-judicial foreclosure and, in California, homeowners have additional protections based on the <a href="https://oag.ca.gov/hbor">California Homeowner Bill of Rights</a>. After completing all of the required steps, the lender can sell the home at a foreclosure sale.</p> <p>Most lenders in California will opt for this process because it is quicker and cheaper than taking it to court. How do you know if your house is in a non-judicial foreclosure? There are several steps in the process:</p> <h4>Preforeclosure Borrower Outreach Requirements</h4> <p>California law requires the lender to personally try to contact you by phone or in person at least 30 days before recording a notice of default. They are attempting to assess your financial situation and explore other options besides initiating foreclosure.</p> <h4>Notice of Default</h4> <p>The non-judicial process formally begins when the lender records a <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a> at the county’s recorder’s office. The notice should include information such as the nature of the default and how to rectify it.</p> <p>Within 10 days, the lender mails a copy of the notice to you. The notice of default gives the borrower 3 months to cure the default.</p> <h4>Notice of Sale</h4> <p>If you don’t fix the default, a notice of sale will be recorded. The notice will include the time and place of the sale. The sale date must be at least 20 days after the end of the 3-month notice of default period.</p> <p>The notice will be posted at the property in a public place. It will also be published once a week for 3 consecutive weeks. It will also be mailed directly to you.</p> <h4>The Foreclosure Sale</h4> <p>The sale must be held between the hours of 9:00 am and 5:00 pm, Monday through Friday. The lender can bid up to the total amount owed on the property including fees and costs. They may bid less, knowing they will potentially take a loss on the amount owed.</p> <p>If the lender is the highest bidder, the property becomes what is called “Real Estate Owned” (REO). If a 3rd Party is the highest bidder, and the offer is more than you owe, you are entitled to that surplus money.</p> <p>The big item to remember is that you can still sell your house through the whole foreclosure process <strong>up to the moment it goes to auction</strong>. Once it goes to auction you lose control of the process.</p> <p>If you don’t leave the house after the foreclosure sale, the new owner can evict you within 3 days of the sale. This is a painful process for you and your family as the local sheriff will arrive at your house to remove you and your property. You will be forced to leave, while your belongings will be taken out of the house onto the front lawn.</p> <h3>Foreclosure Options Besides Selling</h3> <p>Besides selling, there are other options you can take to stop the foreclosure process. Whatever you do, don’t try to hide from your lender. They will either find you or start the foreclosure process if you do not communicate with them. Talking to your lender is the first place to start.</p> <h4>Restructure Your Loan or Ask For Forbearance</h4> <p>Many lenders are willing to make loan modifications if you reach out. They may extend the time of the loan, come up with a different payment plan, or even reduce your interest. You need to communicate with them and provide as much information as possible to make your case for restructuring.</p> <p>Your mortgage lender may find that you qualify for forbearance and can agree to reduce or suspend monthly payments temporarily, which will give you time to sort out any short-term financial problems.</p> <h4>Search for Money</h4> <p>You may have items you can liquidate to help you get your finances back on track. There may be things you can sell. You may have family willing to help by gifting you money or providing a loan. Find new ways to save. Sit down with your family and a financial professional and look for ways to save or restructure your budget. This can be a huge help and taking this step has helped many people from losing their home.</p> <h4>Declare Bankruptcy</h4> <p>This should be a last resort. Declaring bankruptcy will be reported to your credit report and can last up to 7 years. You need to hire a lawyer because the bankruptcy process can be complex. You will also need to enter a government-approved credit counseling program.</p> <h3>Selling Your Home in Foreclosure</h3> <p>Whether you are in pre-foreclosure or have entered the formal process, you can still sell your house prior to the auction. When you sell the property, you are able to take the proceeds and pay the lender everything you owe, including back payments and penalties.</p> <p>The benefit of selling the house is getting yourself out of the debt burden. You are free and by taking the proceeds and paying off the debt you can rescue your credit. If your house is foreclosed on, you do significant damage to your credit score. The credit damage could prevent you from purchasing a home or even a car for years to come until your credit is repaired.</p> <p>So, can you sell a house in foreclosure? Yes, but the article shouldn't end here. We should still discuss the best way to sell your house if it is in foreclosure.</p> <h4>Notify Your Lender</h4> <p>If you are thinking of selling, the first thing you need to do is to notify your mortgage lender. Let them know your plans and that you intend to take the proceeds and pay off everything you owe them. Ask the lender to postpone the foreclosure auction until you can find a buyer.</p> <p>Making this decision before the debt becomes too large will take off some of the financial pressure and allow you more time to get the best price for the property. Make sure you ask the lender how long you have to find a buyer before it goes to a foreclosure auction.</p> <h4>Hiring a Real Estate Agent</h4> <p>If you are thinking of selling your home in foreclosure, hiring a real estate agent may be the first step you consider. A good agent can run an analysis on the home to determine how much you might be able to sell the house for and whether it will be enough to pay off the mortgage.</p> <p>If you consider using a realtor, there are some factors you must consider. A portion of the sale will be eaten up by their commissions. A realtor may also recommend a short sale when you owe more than the home is worth.</p> <p>It could take 6-9 months to sell the house with a realtor. You need to determine your time frame. You will also have to be willing to schedule open houses, clean your property, and make repairs to the property as well. Depending on your time frame and financial status these may not be options for you.</p> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/family-looking-at-the-house.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>The right California home buyer can save you money on hiring a realtor.</em></p> <h4>Selling By Yourself</h4> <p>You can sell the home yourself. If you decide to do so, you need to do some research on how much your home is worth. Look at <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">real estate comps</a> to know what other homes in your market are selling for. Understand what kind of repairs will be needed on the property.</p> <p>You will also need to be able to market the home and find ways to get buyers to look at the home. Selling your house at a lower price than the houses in your market is a great way to get a buyer quickly.</p> <p>Yes, you will save on commission and could find a better price for your home than with a realtor, but there will be a lot of work on your part. Don’t forget time is of the essence when you are in the foreclosure process.</p> <h4>Short Sale</h4> <p>One option you have in foreclosure is a short sale. You may need to do a short sale when you have little or no equity in your house. For example, if your house is currently worth $300,000, but your mortgage is $350,000, you are in a short-sale position.</p> <p>The term “short” refers to the mortgage payoff the bank is willing to accept because it is less than the mortgage that is owned. For a short sale to be successful there are certain items that must be present.</p> <p>You must prove financial hardship and demonstrate it in writing to the lender. This includes documentation such as a w-2, expense report, and extenuating circumstances that caused the hardship. If there is a loss of income, it must be long-term and recovery is unlikely.</p> <p>When you have determined that paying your mortgage is impossible, you can begin the process of listing your home as a short sale. You must get the lender’s approval to begin. Most lenders will listen. They do not want to lose money but they also don’t want the headache that the foreclosure process can bring.</p> <p><strong>Short sales will damage your credit</strong> similar to a bankruptcy and it could be years before you can buy property again. You will need to recruit a real estate agent and attorney to help with the sale. This will cost money but can help you get closer to your asking price for the home.</p> <p>You need to be very clear about what you may receive for your home after commissions and fees are taken out of the closing price. You or your realtor must present the bid to your mortgage lender. They may not accept the bid and instead continue the foreclosure process in order to gain more from your home through the auction process.</p> <p>Research all your options before you turn to a short sale. It is a gamble because you may not get the relief you need and damage your credit in the process.</p> <h4>Selling to a Qualified Buyer or Investor</h4> <p>If you know selling your house is your best option, and you are under time constraints due to the foreclosure process, selling to an investor is your quickest option. Southern California is full of home <a href="https://sleeveuphomes.com/what-do-real-estate-investors-look-for-in-investment-properties">investors looking to buy property</a>. Finding an investor gives you options, but you need to know what to look for.</p> <p>First of all, investors and home buyers may have already reached out to you. Once your home goes into pre-foreclosure, your house shows up on list investors continually monitor for potential purchases.</p> <p>Some of the benefits of selling to an investor:</p> <ul> <li><strong>You will close quickly.</strong> Great investors have cash ready to purchase your house, and can often close in about a week. This is a much quicker option than listing yourself or with a realtor.</li> <li><strong>You avoid commission and fees</strong>. A great investor will not charge you any commission. They will take care of the closing costs. This could mean more money in your pocket so you can move on with your life debt-free.</li> <li><strong>You don’t have to market your house.</strong> If you have tried to find a buyer yourself, you learn quickly how much work is involved. An investor will purchase directly.</li> <li><strong>You won’t have to schedule open houses.</strong> Because you are selling directly, there is no need to schedule time for buyers to come through your house and see if they want to purchase.</li> <li><strong>You won’t need to clean up and make repairs.</strong> This holds so many people back from selling while in foreclosure. The debt is a big enough burden without having to deal with the repairs needed on the house. A great investor will take care of the cleanup and repairs.</li> </ul> <h2>Quickly Sell Your Property for the Highest Offer</h2> <p>Many people who claim to be home buyers have no experience or don’t plan on buying the home at all. They may just be middlemen looking for a deal they can sell to another investor. These <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">real estate wholesalers</a> have pools of buyers that they sell to, and they make money by lowballing homeowners who need to sell their properties.</p> <p>Make sure to ask questions of any buyer that approaches you. Do they really plan on purchasing it or will they sell the contract to another and make a profit off the difference? Do they know your area? Are they able to make repairs themselves or will they give you a low-ball price because they have to subcontract any work needed?</p> <p>At <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a>, we help people going through the foreclosure process. If you choose to sell, we can make you a cash offer that is higher than what you’ll get from any other investor or wholesaler in Southern California.</p> <p>We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers to pay top dollar for your house regardless of the condition. So, can you sell a house in foreclosure? Yes, but don't sell it to someone who will take advantage of your situation.</p> <p>If you’re ready to sell your home for the highest price possible and under flexible terms, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get a no-obligation cash offer. In case you don't like the offer or still wish to look at other options, you are free to walk away. Our offer will be on the table once you return.</p>
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          • titleHow To Avoid 'We Buy Houses Scams'
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/we-buy-houses-scams-and-how-to-avoid-them" }, "headline": "'We Buy Houses' Scams and How To Avoid Them", "description": "Unfortunately, 'we buy houses' scams and ripoffs are not uncommon. So read this article to learn how to protect yourself if you are selling your house.", "image": "https://sleeveuphomes.com/files/blog/71c761b3-fe57-43fc-ae08-ced7228aa70e_we-buy-houses-scams.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-10-18", "dateModified": "2023-10-18" } </script> <p>In general terms, there are two main ways people sell their property – by fixing it up and preparing it for sale before putting their house on the market or looking to sell as-is to cash buyers. Both ways have their advantages and disadvantages and what’s best for you will depend on your specific situation, but if you decide to go down the latter route, you should know how to avoid the ‘we buy houses’ ripoffs and scams.</p> <p>And we’re not saying that you shouldn’t look to sell to cash buyers. Preparing a house for sale takes time and money, and then more time until the right buyer comes along. That extra time and money may not be something you have the luxury of spending.</p> <p>However, what we are saying is that you should be mindful of who you are selling to and know how to spot some red flags. In this article, we’ll explain how the ‘we buy houses’ scams operate so that you can know what to look out for. After all, negotiating a good deal is only worth it if the buyer follows through.</p> <h2>'We Buy Houses' Ripoffs vs. Scams</h2> <p>Just a small digression before we begin - a 'we buy houses' ripoff is not the same as an outright scam. A ripoff would be, for example, if a bad-actor real estate investor goaded you into selling your house for much less than its current real estate market value. While unethical, that real estate investor likely couldn't face any legal consequences.</p> <p>A scam could be an outright illegal activity. Let's say a person poses as a real estate agent and offers to buy your home, only to <a href="https://www.justice.gov/criminal-fraud/identity-theft/identity-theft-and-identity-fraud">steal your personal bank details</a> later. Or asks you to send money upfront to cover the closing costs or something of that nature, only to disappear once you send the money. These would be clearly illegal activities.</p> <p>However, the purpose of this article is to teach you how to spot red flags when dealing with supposed cash buyers, so 'we buy houses' ripoffs and scams can be the same thing in this context. After all, you don't wish to get either scammed or fleeced and the same precautionary measures apply to both.</p> <p>With that out of the way, let's discuss how you can avoid cash-for-homes scams and ripoffs.</p> <h2>‘We Buy Houses' Scams Red Flags</h2> <p>Not all scams work the same and some are easier to spot than others – by now, you probably know that if a Nigerian prince or someone along those lines offers to buy your house, you should stay well clear of them. While it may sound funny and more of a joke than anything else, these situations do happen.</p> <p>You can easily see through these types of naïve scams, so we won’t go into them. However, <strong>most scammers apply more sophisticated methods</strong> and that’s what we’ll focus on. You can find a detailed explanation of some other real estate scams <a href="https://sleeveuphomes.com/avoiding-scams">here</a>. Here, let's go over how you can check if offers are legit and how to spot red flags.</p> <h3>Do a Background Check on the Company</h3> <p>The first thing you should do is verify that the company offering to buy your house exists. That doesn’t mean only checking if they have a website or some promotional materials. Faking websites or business cards is easy enough.</p> <p>Instead, see if they provide a <strong>phone number and a physical address</strong>. Call the number to see if it works. Do a Google search of the address they provide. If the information you get is fake or you can’t find any info about them at all, it’s highly likely you are dealing with scammers. A working number and a real address are much more difficult to fake than a website or business card.</p> <p>Then, see if you can find some reviews of the business. Some companies don’t publicize their customer reviews, so not finding any reviews doesn’t necessarily mean you are dealing with scammers. However, the existence of <strong>auto/bot-created reviews is a red flag</strong>.</p> <p>These are easy to spot – they are all positive, all sound similar, use the same sentence constructions, mention the same things, etc. Real people will have different experiences and express themselves differently.</p> <p>So, you are not exactly looking for good reviews and comments, but diverse experiences. Even a lot of bad comments are a good indicator that the business is not a ‘we buy houses’ scam – you probably still wouldn’t want to do business with them if the overall experiences are negative, but at least you know they are not outright scammers.</p> <h3>Are They Trying to Rush You?</h3> <p>Another warning sign is if the prospective buyer is trying to rush you. Most real buyers (excluding some online buyers) will take the time to inspect your home in person. Even online buyers will ask in-depth questions regarding the state of your property and probably ask for some pictures or videos.</p> <p>While the benefit of selling your home to a cash buyer is that you get to close quickly, it still can’t be done in a day or two. A cash buyer will need some time to take care of the paperwork and inspect your house in order to make a <a href="https://sleeveuphomes.com/how-to-know-if-you-are-getting-a-fair-offer-for-your-house">fair offer</a>.</p> <p>If anything seems even slightly off, <strong>ask for proof of funds</strong>. Asking for proof of funds is always a good move, but especially so if there is even a hint that they are trying to scam you. A legitimate cash buyer will have no issue providing it to you. It may make the selling process a few days longer, but that’s a small price to pay. If they refuse, it’s best you just walk away.</p> <h3>Don’t Sign Over the Deed Before You Have the Money</h3> <p>When you are selling your house, the process is straightforward – you accept an offer, they give you your money, you sign over the deed. <em>In that exact order</em>. If they are asking you to sign over the deed to your home before you get your money, it’s almost 100% sure you are dealing with a ‘we buy houses’ scam.</p> <p>There could be exceptional situations where that process is not followed, but they are few and far between. In such cases, unless you are absolutely, positively, 100% certain that you are not dealing with scammers should you even consider signing over the deed before you get the money. But even then, we would always advise against it.</p> <p><span style="font-size:11pt;"><img alt="How to Avoid Scams" class="img-fluid" src="https://sleeveuphomes.com/img/fraud-sleeveup.jpg" /></span></p> <h3>Are They Asking For Money Upfront?</h3> <p>As a rule of thumb, the money should flow from the direction of your potential buyer into your pockets. You should <strong>not be paying them any fees or commissions upfront</strong>. Depending on the buyer, you may need to pay some fees – such as closing costs, realtor commissions, and maybe some service charges – but this should only be done once the deal goes through.</p> <p>So, if they want you to pay for anything upfront, it’s another red flag that you are dealing with scammers. They may have no intention of buying your property but are trying to get you to sign a contract out of which they can back out at any point and will likely do so once they have charged you for their services upfront, without ever buying your house.</p> <h2>Understanding the Process Helps You Avoid Scams</h2> <p>Once you know what red flags to look out for, knowing how the process should work can help you avoid scammers. As each buyer is different there will be some deviations, but all legitimate <a href="https://sleeveuphomes.com/what-are-the-companies-that-buy-houses-and-how-do-they-work">house-buying companies</a> follow the same pattern.</p> <p>First, they will ask you detailed questions about the property and most will send someone over to assess the house in person. They will study the local housing market and based on that and the condition of the home tell you their purchase price. The offer should be close to what <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">similar houses in a comparable condition</a> to yours in your locality sold for recently.</p> <p>Up to this point, you should not have been asked to pay for anything. Once they make you an offer, you should have time to read over the contract carefully before you sign – in other words, <strong>legitimate buyers won’t rush potential sellers</strong>.</p> <p>Because they are offering to buy your house for cash, the closing process shouldn’t last long if you accept their offer. They don’t need to approve the financing with a lender and should be able to provide you with proof of funds, if you ask for it. Once again, not all buyers are the same and small deviations are acceptable, but this is the general pattern most legitimate buyers will follow.</p> <h2>Sell Your Home to a Company with a Proven Track Record</h2> <p>There’s no foolproof way to know if you are dealing with scammers or bad actors, but by knowing what the red flags are and what the process should normally look like, you can be reasonably certain that nobody can take advantage of you.></p> <p>But instead of looking to avoid ‘we buy houses’ scams, you can save yourself the trouble and look to sell to a company with a proven track record. <a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys and restores houses in Southern California.</p> <p>You don’t need to make any repairs or do any other preparations to get the home ready to sell. Contact us to get a cash offer and we will create a closing schedule that fits your timeline. Because we are not realtors or wholesalers but do all of the repairs ourselves, we can offer you top dollar for your home, regardless of the condition it is in.</p> <p>If you’re ready to sell your home for a fair price without the hassle, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get an offer.</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/guide-to-inheritance-tax" }, "headline": "Your All-In-One Guide to California’s Inheritance Tax", "description": "Taxes involved in inheriting property from a loved one can leave you overwhelmed. Learn all you need to know about inheritance tax in California here! ", "image": "https://sleeveuphomes.com/files/blog/d6543a4b-bb7c-4030-aecd-171c13b49644_taxes-in-america.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2022-06-15", "dateModified": "2024-04-5" } </script> <p>Taxes can be daunting. There are many different types of taxes in the United States and rules that go along with each one, making this subject very difficult to wrap your head around. Receiving an inheritance can, thus, also come with a lot of questions, one of the most common ones being whether it will result in inheritance tax – an aspect of inheritance we don't look forward to as much. </p> <p>You may be subject to an inheritance tax if you inherit money or property after a loved one passes away. Even though California is notorious for being one of the highest-taxed states in the nation regarding income taxes, not <em>all </em>states are subject to inheritance tax, with California being one of them. Remember that this does not necessarily mean that collecting your inheritance will be completely tax-free.</p> <p>Keep reading for clarification on inheritance tax in California, and learn everything you need to know about<strong> how the inheritance tax and estate tax work in the state of California</strong> for peace of mind. </p> <h2>What Is Inheritance Tax?</h2> <p>An inheritance tax is <strong>a tax imposed by some states on the recipients of inherited assets. </strong>It’s a levy on assets inherited from a deceased person. The inheritance tax is not really common in the U.S., and the federal government doesn't have an inheritance tax. Only six U.S. states currently have an inheritance tax in place.</p> <p>Whether or not it <em>applies</em> depends on the state in which the deceased lived or owned property, the <a href="https://sleeveuphomes.com/assessed-value" target="_blank">value of the inheritance</a>, and the beneficiary's relationship to the decedent. For example, there are exceptions for spouses – spouses are automatically exempt from inheritance taxes. At the same time, more distant heirs, such as siblings, nieces, nephews, and friends, typically pay inheritance tax, with the tax rate escalating as the degree of kinship decreases.</p> <h3>What Is an Estate Tax?</h3> <p>An estate tax is <strong>a financial levy on an estate that exceeds the minimum threshold set by law </strong>based on the current value of its assets. State and federal taxes and laws vary, but generally, only estates valued at or above specific amounts are subject to taxes on estates.  What is the most you can inherit without paying taxes? Or, in other words, what is the federal estate tax threshold? It only applies to assets over $13.61 million as of 2024. </p> <p>Estate taxes are calculated based on the estate's fair market value (FMV) rather than what the deceased originally paid for its assets. The tax is levied by the state where the deceased person was living at the time of their death. Recipients of an estate's assets may be subject to inheritance tax if it’s also above certain limits. However, assets transferred to spouses are exempt from estate tax. Federal estate tax rates range from 18% to 40%, depending on the value of the estate. </p> <h3>What's the Difference Between Estate Taxes and Inheritance Taxes?</h3> <p>While inheritance tax and estate tax are both taxes on inheritance and referred to as a “death tax,” and often used interchangeably, they are, in fact, two distinct taxes. The main difference between inheritance and estate taxes is <strong>the person responsible for paying the tax.</strong> Unlike inheritance tax rules, estate taxes are charged against the estate regardless of who inherits the deceased's assets, that is, the recipients of inheritance.</p> <p>An inheritance tax is a levy on assets inherited from a deceased person. Unlike the estate tax, which is levied on the value of an estate after the death of the owner, an inheritance tax is levied on the value of the rightful inheritance received by the beneficiary, and it is the beneficiary who pays it. In other words, an estate tax is assessed on the estate before its assets are distributed, while an inheritance tax may be imposed on the bequest's beneficiaries.</p> <h2>Is Inheritance Taxable In California? Overview of Inheritance Law in California</h2> <p>What is the inheritance law in California? Is there an inheritance tax in California? In 2024, only <em>six</em> states collect inheritance tax – Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. Maryland has the dubious distinction of being the only state to collect both inheritance and estate tax rates.</p> <h3>Do I Have to Pay Taxes on a Property I Inherited in California?</h3> <p>California residents don’t need to worry about a state inheritance tax because it no longer exists. Luckily for all California residents and <a href="https://sleeveuphomes.com/i-inherited-a-house-what-can-i-do-with-the-inherited-property" target="_blank">inherited property</a> owners,<strong> inheritance has not been subject to tax in California since 2005.</strong> So, if you live in California, you are inheritance tax-free as California does not have a state-level inheritance tax. However, there are a few exceptions to this rule, such as:</p> <ul> <li><strong>The Federal Estate Tax</strong> – The federal estate tax law applies for individual estates exceeding $13.61 million dollars per person in 2024.</li> <li><strong>Retirement Accounts</strong> – If you inherit a retirement account, you will be subject to income tax as you withdraw the assets from the account. Your withdrawals from the retirement account will be considered income, so you will need to pay income tax.</li> <li><strong>Capital Gains Tax</strong> – If you choose to sell the property you inherited in California, you do pay capital gains tax on the increased value or, in other words, any gains that the asset made since you inherited it.</li> </ul> <h3>Does California Tax Foreign Inheritance?</h3> <p>You’re probably also wondering if the inheritance tax of another state applies to your non-existent inheritance tax in California. So, let's explain what happens if you inherit foreign assets or property from a non-California resident.<strong> </strong>Even if you live in California or another state that does not have an inheritance tax, if the person you are set to inherit from were living in a state that does at the time of death, then you <em>would owe a</em>n inheritance tax to that state.</p> <p>For example, if you live in California and inherited major assets or estate after the death of your cousin who lived in Kentucky at the time of death, you would owe the state of Kentucky inheritance tax (if it's above the threshold) because it’s one of the few states that still collect it. In contrast, if you would inherit from someone who passed away in California, you would be able to get the inheritance tax-free.</p> <p><img alt=" wooden model of the house, coins and the inscription tax" class="img-fluid" src="https://sleeveuphomes.com/img/real-estate-taxes.jpg" /></p> <h2>Federal Gift Tax Law In California</h2> <p>You’re probably relieved to learn that there are no federal or California inheritance taxes. However, California residents are still subject to federal gift taxes, as they apply across the entire United States. How much money can you inherit without paying taxes in California?</p> <p>Each California resident may gift a certain amount of property in a given tax year, tax-free. In 2024, the federal gift tax allows individuals to leave <strong>up to $18,000 in cash or assets</strong> to heirs or other individuals during their lifetime (or $36,000 for couples) without triggering a gift tax. There are some ways for families to gift more than the IRS rule allows, such as using irrevocable trusts, marital deductions, and intrafamily loans. </p> <p>Going beyond this limit may require you to file additional paperwork, but you won’t owe an actual tax until you exceed your lifetime gift and estate tax exemption. The IRS tracks your lifetime gifts and estate tax exemption. Once your total lifetime gifts exceed the threshold, you’ll be required to pay an actual gift tax. So, get into gift planning on time. </p> <h3>Does California Require an Inheritance Tax Waiver Form?</h3> <p>Since there's no inheritance tax in California, it does <em>not </em>require an inheritance tax waiver form. However, some states require the estate executor to submit an inheritance tax waiver when transferring stock ownership to an estate.</p> <h2>Estate Tax In California</h2> <p>California does not impose an estate tax, but the federal government does. So, even though you won’t owe estate tax to the state of California, there is still the federal estate tax to consider. After someone passes away in the state of California, <strong>the only tax imposed on their assets will be a federal estate tax.</strong></p> <p>If you had property in another state that imposes a state-level estate tax, your estate could be required to pay both federal and state-level estate taxes. However, this applies only to estates worth over 13.61 million in 2024. If a California resident passes away with an estate valued less than the exemption amount, their estate will <em>not</em> be subject to federal estate taxes.</p> <p>Married spouses can avoid paying a federal estate tax of up to $24.06 million after both have deceased if the proper legal processes are performed. Each spouse is entitled to their own federal estate tax exemption, although the rules for state-level estate taxes can vary.</p> <h2>Got Any More Questions?</h2> <p>We've got you covered with a quick FAQ.</p> <h3>Do You Pay Taxes on a Trust Inheritance?</h3> <p>If you’re a trust beneficiary, you must be wondering whether you need to pay taxes on a trust inheritance. The short answer? It depends on the <em>source </em>of the funds. Whether beneficiaries pay tax on monies received from a trust depends on how the distribution is classified.</p> <p>If the money comes from the trust’s principal, you won’t be paying any taxes, as principal trusts are not taxable to the beneficiary. However, you will owe income tax if the funds come from the trust's income (interest/earnings). The legal requirements of trusts can vary, so it’s best to consult with the trustee or legal and tax counsel for guidance.</p> <h3>Does a Surviving Spouse Automatically Inherit Everything in California?</h3> <p>In California, a surviving spouse has primary rights to any part of the estate after death not legally disposed of by the will of the deceased spouse. This includes the decedent’s half of the couple’s community property. However, the surviving spouse may not inherit everything if the decedent has surviving children, as they're also rightful heirs. Some assets are not subject to California’s intestate succession and probate laws.</p> <p>For example, certain assets automatically pass to the surviving spouse after death, such as real property held in joint ownership between spouses, assets with a payable-on-death or transfer-upon-death designation, and revocable trusts where both spouses are trustees (the surviving spouse maintains control of trust assets).</p> <p>If you’ve lost a spouse who didn’t have a will or if you’re concerned about your rightful inheritance, consider seeking legal advice in these difficult times - an estate attorney or at least a financial advisor.</p> <h3>Do I Need to Claim Inheritance in California?</h3> <p>In California, you do not need to claim inheritance, since the state does not impose an inheritance tax, which means that money or property received from an inheritance is not subject to state-level taxation. However, if the estate is large, it’s essential to be aware of federal estate tax laws, as states valued above certain thresholds may be subject to federal estate taxes.</p> <h3>How Can You Minimize Inheritance Taxes in California?</h3> <p>Inheritance taxes can be minimized or even avoided in some cases, for example, by leaving assets via trusts or insurance policies, making charitable donations, or gifting sums during one's lifetime. Whether you live in an inheritance tax-free state like California or not, you can always avoid property taxes by ensuring you keep below the inheritance tax or estate tax thresholds with proper estate planning.</p> <h3>How Do I Avoid Capital Gains Tax on Inherited Property in California?</h3> <p>You can avoid paying capital gains taxes on an inherited property simply by <a href="https://sleeveuphomes.com/how-much-it-costs-to-sell-a-house-and-how-to-minimize-cost" target="_blank">selling the entire estate</a> as soon as you inherit it, thus not leaving any room for the property to further appreciate in value. Another option is to turn the property into a rental or use it as a primary residence for at least two years.</p> <p>Of course, you can always opt to disclaim the inheritance entirely. However, keep in mind that the decision to disclaim is <em>final</em> and irreversible. Consider hiring a real estate planning attorney to help guide you in this process.</p> <h2>Thinking About Selling The Real Estate You Inherited in California?</h2> <p>The good news for all Californians out there is that inheritance is generally tax-free in the state of California. However, although there's no inheritance tax in California, that isn't to say you shouldn't pay attention to other taxes that may be involved when you inherit property or other assets, as there may be potential pitfalls to avoid.</p> <p><strong>Taxes can be complicated, but selling your home doesn’t have to be</strong>. At<a href="https://sleeveuphomes.com/" target="_blank"> SleeveUp Homes</a>, we aim to provide homeowners with a simple process and the best possible offer for their property. And yes, we purchase inherited property, too. No repairs or cleanups needed, no fees or commissions, no time pressure. Sell your home as-is today for cash.</p> <p>Contact us today to get a<a href="https://sleeveuphomes.com/request-offer" target="_blank"> free cash offer</a> for your property!</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/can-i-sell-my-property-if-its-in-foreclosure" }, "headline": "Can You Sell a House in Foreclosure? - with a Guide to the Process", "description": "Can you sell a house in foreclosure? Yes, but the process is complex and may not be your best option. Learn how to properly navigate the foreclosure process.", "image": "https://sleeveuphomes.com/files/blog/00e5136b-a4a0-43de-9acb-810394aef39e_foreclosure.jpg", "author": { "@type": "Person", "name": "Cesar Gomez", "url": "https://sleeveuphomes.com/blog?author=8" }, "publisher": { "@type": "Organization", "name": "Cesar Gomez", "logo": { "@type": "ImageObject", "url": "" } }, "datePublished": "2021-08-04", "dateModified": "2023-08-08" } </script> <p>You are behind on your mortgage payments. Maybe you missed a payment or two, but now you are starting to get letters from the lender that if you don’t bring your account to current, the foreclosure process will begin. You may have even gotten to the point where you are starting to wonder - can you sell a house in foreclosure?</p> <p>This is scary. No one wants to lose their house. Also, no one wants to be saddled with mounds of debt with no hope of ever paying it back. The bills continue to mount, and you don’t see a way beyond giving up your home or declaring bankruptcy.</p> <p>Remember, there is a light at the end of the tunnel. You do have options and one of those options is selling your home. Yes, even if you are <a href="https://sleeveuphomes.com/how-to-avoid-foreclosure-if-youre-behind-on-mortgage-payments">behind on mortgage payments</a> and the lender has started the foreclosure process, you can still sell your home if it’s in foreclosure. But selling your home doesn't need to be the first option.</p> <p>In this article, we will give you the details on selling your home when it is in the foreclosure process. There are plenty of pitfalls and items you need to consider when trying to sell in foreclosure. Also, while selling your home may be your best option, there are other steps you could consider as well, and we will also walk you through those options.</p> <h2>What Is Foreclosure?</h2> <p>In the simplest of terms, a foreclosure is a default on your mortgage payments due to which your lender takes possession of your property and tries to sell it to recover the losses. But <strong>missing one payment or even multiple payments <em>does not</em></strong> immediately initiate foreclosure in California.</p> <p>There is a process, and regardless of where you are in the process, you have options to sell. Your lender may foreclose on you by going through court proceedings (this is called judicial foreclosure) or without them (this is called non-judicial foreclosure).</p> <p>What method will be used depends on the laws of the state where your property is located - some states allow for only one type of foreclosure, while some allow both. In California, the lender may choose between the judicial or non-judicial method.</p> <h3>What is a Judicial Foreclosure?</h3> <p>A judicial foreclosure is when the lender files a lawsuit, asking for the court to issue an order allowing a foreclosure sale. You will receive a copy of this letter. You need to respond to the order. If you don’t respond in writing, the lender will win the case.</p> <p>You can choose to defend the lawsuit. In this case, the court will review the evidence and determine the winner. If the lender wins, your home will be sold at auction. Even if this occurs, you still have the ability to sell your house before it goes up for auction.</p> <p><img alt="a wooden judge's gavel next to a house key with a house pendant" class="img-fluid" src="https://sleeveuphomes.com/img/foreclosure-depiction.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>Avoid judicial foreclosure on your California home by working with a home buyer.</em></p> <h3>What Is a Non-Judicial Foreclosure?</h3> <p>Non-judicial foreclosure means that your lender does not need to initiate court proceedings to force the sale of your house. However, that does not mean that they can sell your property without following a certain process that is governed by law - they just don't need to do it through the courts.</p> <p>Federal laws regulate non-judicial foreclosure and, in California, homeowners have additional protections based on the <a href="https://oag.ca.gov/hbor">California Homeowner Bill of Rights</a>. After completing all of the required steps, the lender can sell the home at a foreclosure sale.</p> <p>Most lenders in California will opt for this process because it is quicker and cheaper than taking it to court. How do you know if your house is in a non-judicial foreclosure? There are several steps in the process:</p> <h4>Preforeclosure Borrower Outreach Requirements</h4> <p>California law requires the lender to personally try to contact you by phone or in person at least 30 days before recording a notice of default. They are attempting to assess your financial situation and explore other options besides initiating foreclosure.</p> <h4>Notice of Default</h4> <p>The non-judicial process formally begins when the lender records a <a href="https://sleeveuphomes.com/foreclosure-notice-of-default-in-california-what-is-it">notice of default</a> at the county’s recorder’s office. The notice should include information such as the nature of the default and how to rectify it.</p> <p>Within 10 days, the lender mails a copy of the notice to you. The notice of default gives the borrower 3 months to cure the default.</p> <h4>Notice of Sale</h4> <p>If you don’t fix the default, a notice of sale will be recorded. The notice will include the time and place of the sale. The sale date must be at least 20 days after the end of the 3-month notice of default period.</p> <p>The notice will be posted at the property in a public place. It will also be published once a week for 3 consecutive weeks. It will also be mailed directly to you.</p> <h4>The Foreclosure Sale</h4> <p>The sale must be held between the hours of 9:00 am and 5:00 pm, Monday through Friday. The lender can bid up to the total amount owed on the property including fees and costs. They may bid less, knowing they will potentially take a loss on the amount owed.</p> <p>If the lender is the highest bidder, the property becomes what is called “Real Estate Owned” (REO). If a 3rd Party is the highest bidder, and the offer is more than you owe, you are entitled to that surplus money.</p> <p>The big item to remember is that you can still sell your house through the whole foreclosure process <strong>up to the moment it goes to auction</strong>. Once it goes to auction you lose control of the process.</p> <p>If you don’t leave the house after the foreclosure sale, the new owner can evict you within 3 days of the sale. This is a painful process for you and your family as the local sheriff will arrive at your house to remove you and your property. You will be forced to leave, while your belongings will be taken out of the house onto the front lawn.</p> <h3>Foreclosure Options Besides Selling</h3> <p>Besides selling, there are other options you can take to stop the foreclosure process. Whatever you do, don’t try to hide from your lender. They will either find you or start the foreclosure process if you do not communicate with them. Talking to your lender is the first place to start.</p> <h4>Restructure Your Loan or Ask For Forbearance</h4> <p>Many lenders are willing to make loan modifications if you reach out. They may extend the time of the loan, come up with a different payment plan, or even reduce your interest. You need to communicate with them and provide as much information as possible to make your case for restructuring.</p> <p>Your mortgage lender may find that you qualify for forbearance and can agree to reduce or suspend monthly payments temporarily, which will give you time to sort out any short-term financial problems.</p> <h4>Search for Money</h4> <p>You may have items you can liquidate to help you get your finances back on track. There may be things you can sell. You may have family willing to help by gifting you money or providing a loan. Find new ways to save. Sit down with your family and a financial professional and look for ways to save or restructure your budget. This can be a huge help and taking this step has helped many people from losing their home.</p> <h4>Declare Bankruptcy</h4> <p>This should be a last resort. Declaring bankruptcy will be reported to your credit report and can last up to 7 years. You need to hire a lawyer because the bankruptcy process can be complex. You will also need to enter a government-approved credit counseling program.</p> <h3>Selling Your Home in Foreclosure</h3> <p>Whether you are in pre-foreclosure or have entered the formal process, you can still sell your house prior to the auction. When you sell the property, you are able to take the proceeds and pay the lender everything you owe, including back payments and penalties.</p> <p>The benefit of selling the house is getting yourself out of the debt burden. You are free and by taking the proceeds and paying off the debt you can rescue your credit. If your house is foreclosed on, you do significant damage to your credit score. The credit damage could prevent you from purchasing a home or even a car for years to come until your credit is repaired.</p> <p>So, can you sell a house in foreclosure? Yes, but the article shouldn't end here. We should still discuss the best way to sell your house if it is in foreclosure.</p> <h4>Notify Your Lender</h4> <p>If you are thinking of selling, the first thing you need to do is to notify your mortgage lender. Let them know your plans and that you intend to take the proceeds and pay off everything you owe them. Ask the lender to postpone the foreclosure auction until you can find a buyer.</p> <p>Making this decision before the debt becomes too large will take off some of the financial pressure and allow you more time to get the best price for the property. Make sure you ask the lender how long you have to find a buyer before it goes to a foreclosure auction.</p> <h4>Hiring a Real Estate Agent</h4> <p>If you are thinking of selling your home in foreclosure, hiring a real estate agent may be the first step you consider. A good agent can run an analysis on the home to determine how much you might be able to sell the house for and whether it will be enough to pay off the mortgage.</p> <p>If you consider using a realtor, there are some factors you must consider. A portion of the sale will be eaten up by their commissions. A realtor may also recommend a short sale when you owe more than the home is worth.</p> <p>It could take 6-9 months to sell the house with a realtor. You need to determine your time frame. You will also have to be willing to schedule open houses, clean your property, and make repairs to the property as well. Depending on your time frame and financial status these may not be options for you.</p> <p><img alt="" class="img-fluid" src="https://sleeveuphomes.com/img/family-looking-at-the-house.jpg" /></p> <p class="mb-4" style="text-align: center;"><em>The right California home buyer can save you money on hiring a realtor.</em></p> <h4>Selling By Yourself</h4> <p>You can sell the home yourself. If you decide to do so, you need to do some research on how much your home is worth. Look at <a href="https://sleeveuphomes.com/what-are-real-estate-comos-and-how-to-find-them-In-your-area">real estate comps</a> to know what other homes in your market are selling for. Understand what kind of repairs will be needed on the property.</p> <p>You will also need to be able to market the home and find ways to get buyers to look at the home. Selling your house at a lower price than the houses in your market is a great way to get a buyer quickly.</p> <p>Yes, you will save on commission and could find a better price for your home than with a realtor, but there will be a lot of work on your part. Don’t forget time is of the essence when you are in the foreclosure process.</p> <h4>Short Sale</h4> <p>One option you have in foreclosure is a short sale. You may need to do a short sale when you have little or no equity in your house. For example, if your house is currently worth $300,000, but your mortgage is $350,000, you are in a short-sale position.</p> <p>The term “short” refers to the mortgage payoff the bank is willing to accept because it is less than the mortgage that is owned. For a short sale to be successful there are certain items that must be present.</p> <p>You must prove financial hardship and demonstrate it in writing to the lender. This includes documentation such as a w-2, expense report, and extenuating circumstances that caused the hardship. If there is a loss of income, it must be long-term and recovery is unlikely.</p> <p>When you have determined that paying your mortgage is impossible, you can begin the process of listing your home as a short sale. You must get the lender’s approval to begin. Most lenders will listen. They do not want to lose money but they also don’t want the headache that the foreclosure process can bring.</p> <p><strong>Short sales will damage your credit</strong> similar to a bankruptcy and it could be years before you can buy property again. You will need to recruit a real estate agent and attorney to help with the sale. This will cost money but can help you get closer to your asking price for the home.</p> <p>You need to be very clear about what you may receive for your home after commissions and fees are taken out of the closing price. You or your realtor must present the bid to your mortgage lender. They may not accept the bid and instead continue the foreclosure process in order to gain more from your home through the auction process.</p> <p>Research all your options before you turn to a short sale. It is a gamble because you may not get the relief you need and damage your credit in the process.</p> <h4>Selling to a Qualified Buyer or Investor</h4> <p>If you know selling your house is your best option, and you are under time constraints due to the foreclosure process, selling to an investor is your quickest option. Southern California is full of home <a href="https://sleeveuphomes.com/what-do-real-estate-investors-look-for-in-investment-properties">investors looking to buy property</a>. Finding an investor gives you options, but you need to know what to look for.</p> <p>First of all, investors and home buyers may have already reached out to you. Once your home goes into pre-foreclosure, your house shows up on list investors continually monitor for potential purchases.</p> <p>Some of the benefits of selling to an investor:</p> <ul> <li><strong>You will close quickly.</strong> Great investors have cash ready to purchase your house, and can often close in about a week. This is a much quicker option than listing yourself or with a realtor.</li> <li><strong>You avoid commission and fees</strong>. A great investor will not charge you any commission. They will take care of the closing costs. This could mean more money in your pocket so you can move on with your life debt-free.</li> <li><strong>You don’t have to market your house.</strong> If you have tried to find a buyer yourself, you learn quickly how much work is involved. An investor will purchase directly.</li> <li><strong>You won’t have to schedule open houses.</strong> Because you are selling directly, there is no need to schedule time for buyers to come through your house and see if they want to purchase.</li> <li><strong>You won’t need to clean up and make repairs.</strong> This holds so many people back from selling while in foreclosure. The debt is a big enough burden without having to deal with the repairs needed on the house. A great investor will take care of the cleanup and repairs.</li> </ul> <h2>Quickly Sell Your Property for the Highest Offer</h2> <p>Many people who claim to be home buyers have no experience or don’t plan on buying the home at all. They may just be middlemen looking for a deal they can sell to another investor. These <a href="https://sleeveuphomes.com/should-i-sell-my-house-to-a-real-estate-wholesaler">real estate wholesalers</a> have pools of buyers that they sell to, and they make money by lowballing homeowners who need to sell their properties.</p> <p>Make sure to ask questions of any buyer that approaches you. Do they really plan on purchasing it or will they sell the contract to another and make a profit off the difference? Do they know your area? Are they able to make repairs themselves or will they give you a low-ball price because they have to subcontract any work needed?</p> <p>At <a href="https://sleeveuphomes.com/about">SleeveUp Homes</a>, we help people going through the foreclosure process. If you choose to sell, we can make you a cash offer that is higher than what you’ll get from any other investor or wholesaler in Southern California.</p> <p>We buy and rehab homes directly from homeowners, and we perform any repairs required to get a home into sale condition. We cut out the realtors and wholesalers to pay top dollar for your house regardless of the condition. So, can you sell a house in foreclosure? Yes, but don't sell it to someone who will take advantage of your situation.</p> <p>If you’re ready to sell your home for the highest price possible and under flexible terms, <a href="https://sleeveuphomes.com/request-offer">contact us today</a> to get a no-obligation cash offer. In case you don't like the offer or still wish to look at other options, you are free to walk away. Our offer will be on the table once you return.</p>
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          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/how-is-the-los-angeles-county-property-tax-rate-determined" }, "headline": "How Is the Los Angeles County Property Tax Rate Determined?", "description": "Los Angeles property tax rate can change, but there are some rules. Learn about assessment methods and tax exemptions.", "image": "https://sleeveuphomes.com/files/blog/54b6a46f-b99e-43c2-a229-c15d9c0392c1_coins-on-the-table.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-04-06", "dateModified": "2023-04-06" } </script> <p>California, in general, is considered a state with high taxes. So, it may surprise you that the property tax rates in California, and consequently the Los Angeles property tax rates, are actually<strong> </strong><em>lower</em> than the national average. However, this refers to the tax rate, not necessarily the actual amount of money you end up paying. And it has to do with <strong>how the taxes are calculated</strong>.</p> <p>Nestled as the sprawling heart of California, Los Angeles County reigns as the largest county, bustling with vibrant communities and endless possibilities. Whether you're a seasoned property owner or dream of owning land within its bounds, grasping the ins and outs of the Los Angeles property tax rate is crucial for navigating the realm of real estate finance.</p> <p>Continue reading to learn all about Los Angeles property tax rates and calculations – what they are and how to calculate yours.</p> <h2>How Is the Property Tax Rate Determined in California?</h2> <p>In the state of California, financial obligations related to residential property taxes are determined based on specific rules and regulations. Proposition 13 is a law that was approved by California voters in 1978 and plays a significant role. It has two key features:</p> <ul> <li><strong>General Property Tax Limit: </strong>General property taxes (excluding those for special purposes) are limited to 1% of a property’s market value.</li> <li><strong>Assessed Value Increase Cap:</strong> Increases in assessed value are restricted to 2% per year. This means that even if the market value of your property rises significantly, your assessed value won’t increase more than 2% annually.</li> </ul> <p>Below is a table with information about effective tax rates and average annual property tax payments for some counties in California for 2024. You can always check the <a href="https://www.propertytax.lacounty.gov/" target="_blank">LA County tax website</a> to see your property's actual property tax rate for the current year.</p> <table align="center" border="2" cellpadding="1" cellspacing="1" style="background-color:#ffe599;border:2px solid #1c4587;height:1px;width:600px;"> <thead> <tr align="center"> <td style="border: 2px solid #1c4587;">California County</td> <td style="border: 2px solid #1c4587;">Effective Property Tax Rate</td> <td style="border: 2px solid #1c4587;">Median Annual Property Tax Payment</td> </tr> <tr align="center"> <td colspan="2" style="border: 2px solid #1c4587;"></td> <td style="border: 2px solid #1c4587;">(Based on Average Assessed Home Value of $300,000)</td> </tr> </thead> <tbody> <tr align="center"> <td style="border: 2px solid #1c4587;">Sacramento County</td> <td style="border: 2px solid #1c4587;">0.82%</td> <td style="border: 2px solid #1c4587;">$2,460</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Diego County</td> <td style="border: 2px solid #1c4587;">0.75%</td> <td style="border: 2px solid #1c4587;">$2,250</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Bernardino County</td> <td style="border: 2px solid #1c4587;">0.78%</td> <td style="border: 2px solid #1c4587;">$2,340</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">Fresno County</td> <td style="border: 2px solid #1c4587;">0.82%</td> <td style="border: 2px solid #1c4587;">$2,460</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Francisco County</td> <td style="border: 2px solid #1c4587;">0.67%</td> <td style="border: 2px solid #1c4587;">$2,010</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Joaquin County</td> <td style="border: 2px solid #1c4587;">0.83%</td> <td style="border: 2px solid #1c4587;">$2,490</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">San Mateo County</td> <td style="border: 2px solid #1c4587;">0.63%</td> <td style="border: 2px solid #1c4587;">$1,890</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">Santa Clara County</td> <td style="border: 2px solid #1c4587;">0.74%</td> <td style="border: 2px solid #1c4587;">$2,220</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">Riverside County</td> <td style="border: 2px solid #1c4587;">0.94%</td> <td style="border: 2px solid #1c4587;">$2,820</td> </tr> <tr align="center"> <td style="border: 2px solid #1c4587;">Orange County</td> <td style="border: 2px solid #1c4587;">0.72%</td> <td style="border: 2px solid #1c4587;">$2,160</td> </tr> </tbody> </table> <p></p> <h3>What About Commercial Properties?</h3> <p>In California, commercial properties are also primarily taxed at a foundational rate of 1% of their <a href="https://sleeveuphomes.com/assessed-value" target="_blank">assessed value</a>, based on Proposition 13, dictating the percentage of property taxes. However, there has been a recent proposal called Proposition 15. If passed, it would amend the California State Constitution to require industrial and commercial property owners (except agricultural) to be taxed based on real estate market value, eliminating the benefit of protection under Prop 13. </p> <p>This concept is known as the “Split Tax Roll”. Under Prop 15, commercial properties would be reassessed based on their then-market value, and the 2% maximum annual property tax increase protection under Proposition 13 would no longer apply. Commercial leases allow landlords to “pass through” any additional tax increases to tenants during the lease term. </p> <p>Therefore, if Prop 15 passes, future tax increases would directly affect commercial tenants, especially those in triple net leases, where tenants pay their share of the building's operating expenses.</p> <p><img alt="sleeve up property tax" class="img-fluid" src="https://sleeveuphomes.com/img/sleeveup-property-tax.jpg" /></p> <h3>Mello-Roos Taxes for Community Development</h3> <p>Mello-Roos is a California special tax district that plays a crucial role in financing new or additional public services and facilities within specific boundaries. These special districts are officially known as Community Facility Districts (CFDs). </p> <p>Mello-Roos districts sell bonds to raise funds for essential infrastructure projects such as roads, schools, parks, police services, and other amenities desired by the community. When voters within a CFD authorize the sale of bonds, the district gains the ability to levy additional tax rates on its residents used to pay off the bond principal, interest, and administrative fees.</p> <p>Mello-Roos was introduced as a workaround to Proposition 13, which restricted local governments from increasing property taxes based on property value. Unlike traditional property taxes, Mello-Roos assessments are <strong>not based on property value</strong> but are uniformly applied across all properties within the district. As a result, Proposition 13 restrictions do not apply.</p> <p>Unfortunately, Mello-Roos taxes are not tax-deductible on California income tax returns. California tax law does not exempt non-ad valorem taxation, meaning that taxes or assessments not based on home value are not eligible for deductions.</p> <h2>How Is the Los Angeles Property Tax Rate Calculated? Financial Planning 101</h2> <p>Pursuant to<a href="https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=CONS&article=XIII+A" target="_blank"> Proposition 13</a>, an amendment to the California Constitution enacted in 1978, you pay in general property taxes<strong> no more than 1%</strong> <strong>of the assessed value</strong> of your home at the time of purchase (the base year value) with added annual increases to the assessed value (the factored base year value), but the added value is capped at 2% yearly. This is your single largest annual property tax bill.</p> <p>When you purchase personal property, whether it's a family home, a vacation home, or a rental home, the assessed value is initially set equal to the purchase price. Each year, the assessed value increases based on the rate of inflation, which is determined by changes in the California Consumer Price Index. Due to the 2% cap on increases, long-term homeowners or those in areas with rapid price growth may find their assessed value lower than the <a href="https://sleeveuphomes.com/how-high-interest-rates-changing-housing-market" target="_blank">market value</a>.</p> <h2>How Much Is the Property Tax on a $ 300,000 house in California?</h2> <p>The property tax on a $300,000 house in California depends on the county where the property is located. As of April 2024, Los Angeles County property tax rate is at an average of 0.72%. So, an average homeowner with an assessed property value of $ 300,000 will pay <strong>$2,160 annually in property taxes</strong>.</p> <p>As of April 2024, the average home price in LA County is $871,794, which means that LA homeowners will pay an average of $6,277 in annual property taxes in the current market.</p> <p></p> <table align="center" border="2" cellpadding="1" cellspacing="1" style="background-color:#ffe599;border:2px solid #1c4587;height:1px;width:600px;"> <tbody> <tr align="center"> <td col="" style="border: 2px solid #1c4587; scope=">Home price</td> <td col="" style="border: 2px solid #1c4587; scope=">$ 300 000</td> <td col="" style="border: 2px solid #1c4587; scope=">$ 871, 79</td> </tr> </tbody> <tbody> <tr> <td style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">Los Angeles County Property<br /> Tax Rate (avg.)</td> <td colspan="2" style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">0.72%</td> </tr> <tr> <td style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">Annual Property Tax (avg.)</td> <td style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">$ 2, 160</td> <td 2px="" border:="" solid="" style="text-align: center; background-color:#ffe599; border: 2px solid #1c4587">$ 6, 277</td> </tr> </tbody> </table> <h3></h3> <h3></h3> <h3>How Is Taxable Property Assessed in Los Angeles County?</h3> <p>The County Assessor determines the value of your property at the time of purchase – the <em>base year value</em>, which is usually the purchase price unless the price significantly differs from its market value. From there, the assessed value of your home increases annually according to the inflation rate, as measured by the<a href="https://www.dir.ca.gov/OPRL/capriceindex.htm" target="_blank"> California Consumer Price Index</a>, but is capped at 2%.</p> <p>This means that the fair market value of your home is usually higher than the assessed price because the 2% cap increase doesn’t follow the true increases in market value. However, a new assessment will be performed if there is a change in ownership or significant improvements are made to the property.</p> <h3>How Did Proposition 13 Help Los Angeles Homeowners with Property Taxation?</h3> <p>If you decide to<a href="https://sleeveuphomes.com/los-angeles-county" target="_blank"> sell your home in Los Angeles County</a> that you’ve held for, let’s say, ten years and buy a less expensive home in another county, your property tax could actually be higher. This is because the new value assessment will be more in line with the actual market value, so 1% of the value of your new home could be higher, as <strong>there was no 2% cap.</strong></p> <p>On the other hand, your<strong> </strong>Los Angeles property tax rate is not related to or dependent on your neighbors’. So, if a house comparable to yours is sold in your neighborhood for $100,000 more than your house's assessed value, that new neighbor will pay higher taxes, but yours will stay the same. This may seem obvious now, but it was not so before Proposition 13 was passed.</p> <p>For one, the average property tax in California was 3%, but that was the lesser problem. The bigger issue was that there was no cap on the annual increases. So, as the value of property appreciated and a new house was sold in your neighborhood for a significantly larger sum than what you paid, you could expect a new assessment that would also increase your LA County property tax payments.</p> <p>The situation got so bad in the 1970s that people were forced to sell their homes or lose them as a result of the tax increases. This was one of the main driving forces behind Proposition 13, and now, luckily, the Los Angeles County property tax rate increase is capped at 2%.</p> <h2>Additional Los Angeles County Property Tax Rates</h2> <p>Aside from the 1% property tax, you pay <em>other levies</em>. While these levies are not strictly defined as property taxes under the law, you still pay them on your property tax bill. These levies are voter-approved and usually apply to homes in special and school districts. The levies are dependent on the district your home is located in and the local regulations.</p> <p>The<strong> school district tax is the largest of these additional levies </strong>and typically ranges between 0.16% and 0.2%. Then, you have levies that you pay to your municipality (e.g., the city of Los Angeles imposes a levy in the range of 0.02% – 0.03%). You may pay additional taxes or levies based on where you live, but these are the main ones.</p> <h3>Can You Lower Your Los Angeles Property Tax Rate?</h3> <p>No, you cannot lower the Los Angeles County property tax rate. However, you can<strong> </strong><em>challenge</em> the assessed value of your home. If you manage to lower the assessed value of your home, the tax rate will still remain at 1%, but you will be paying less according to how much you have managed to lower the assessed value of your home with new property assessments.</p> <h2>Tax Exemptions</h2> <p>There are certain exemptions to property taxes for Californians, including the Los Angeles property tax rate, with the most notable being:</p> <ul> <li>Homeowner’s Exemption</li> <li>Veteran’s Exemption</li> <li>Senior Citizens Property Tax Assistance</li> </ul> <p>If you meet the requirements, tax exemptions can greatly decrease the amount you owe in taxes, that is your tax liability.</p> <h3>1. Homeowner’s Exemption</h3> <p>You can claim a $7000 exemption from the taxable value of your home. To qualify, the property needs to be your primary residence and you must make a filing with the county assessor. This reduces the assessed value by $7,000, saving at least $70 per year.</p> <p>Overall, California’s average effective property tax rate is 0.71%, which compares favorably to the national average of 0.99%. Proposition 13 helps keep property taxes manageable for residents, contributing to the state’s appeal for homeowners.</p> <h3>2. Veteran’s Exemption</h3> <p>Veterans currently serving or honorably discharged may be exempt from up to $4,000. An unmarried surviving spouse or the parents of the deceased veteran may also claim this exemption. Disabled veterans may be eligible for exemptions over $4,000.</p> <p>The Disabled Veterans' Exemption is available to disabled veterans with a service-connected disability of 100% or more. The exemption amount varies depending on the veteran's level of disability and can be up to $250,000.</p> <h3>3. Senior Citizens Property Tax Assistance</h3> <p>Persons over the age of 62, as well as persons with vision impairments and disabilities, are eligible to receive cash reimbursement for property taxes. While persons who qualify are not exempt from paying taxes, they are awarded assistance based on household income in lieu of tax exemptions.</p> <h3>Inheriting a Home and Keeping the Same Tax Basis</h3> <p>It is important to note that if a property was passed from a parent to their child or grandparent to their grandchild, the inheritor might apply to keep the same tax basis in certain situations. In practice, this means that the inheritor will not need to pay taxes based on the real property's new, more than likely significantly higher, fair market value. </p> <p>Keeping the same basis for the Los Angeles property tax rate is possible due to Proposition 19 (previously Propositions 58 and 193). Check out our <a href="https://sleeveuphomes.com/full-guide-to-Inheritance-tax-In-california" target="_blank">guide to inheritance tax in California</a> for more details.</p> <h2>Tax Deadlines in LA County</h2> <p>Your Los Angeles County property tax bill has two payment stubs and, thus, can be paid in two installments. You will usually get the bill in October.</p> <ul> <li><strong>The first installment is due November 1</strong> and is considered delinquent if not paid by December 10.</li> <li><strong>The second installment is due February 1</strong> and is considered delinquent if not paid by April 10.</li> </ul> <p>The penalty for failure to meet these deadlines for property tax bills is 10%. So, ensure you keep up with your financial responsibilities. Make sure you always attach the payment stub regardless of the type of payment and write your Assessor's Identification Number along with the Year/Sequence Number on your check.</p> <h3>Where Can You Pay Taxes?</h3> <p>The Internal Revenue Service (IRS) collects federal taxes in the US, while state tax collectors collect state-level taxes. Additionally, county or municipal tax collectors may collect taxes at the local level.</p> <p>In California,<strong> homeowners can pay their property taxes at their county tax collector's office</strong>. Each county has its own tax collector's office, which is responsible for collecting property taxes, issuing tax bills, and enforcing tax collection laws.</p> <p>Additionally, Los Angeles County offers online card payment options for property taxes, allowing homeowners to pay their taxes <a href="https://ttc.lacounty.gov/" target="_blank">electronically</a> from the convenience of their home or office using their credit cards, debit cards, or electronic checks.</p> <h2>Are the Los Angeles Property Tax Rates Too High For You?</h2> <p>If the property taxes you pay on your property are causing you financial distress, you can consider selling your home to finance a more affordable one.<a href="https://sleeveuphomes.com/" target="_blank"> SleeveUp Homes</a> buys houses in LA County for top dollar.</p> <p>We are not wholesalers, flippers, or realtors, so we will always make you a fair offer. You won’t pay any commission or have any closing costs. And as we do all repairs ourselves, you can sell as-is and not worry about remodeling and renovations.</p> <p>Contact us to<a href="https://sleeveuphomes.com/request-offer" target="_blank"> request a cash offer</a>, and we will send a team to assess your home as soon as possible.</p>
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          • short_descriptionThe Los Angeles property tax rate can vary, but there are some rules. Learn about assessment methods and tax exemptions.
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          • titleDoes Hardwood Flooring Increase Home Value?
          • body<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://sleeveuphomes.com/does-hardwood-flooring-increase-home-value" }, "headline": "Plan Before You Renovate: Does Hardwood Flooring Increase Home Value?", "description": "Does hardwood flooring increase home value? The short answer is a tentative yes, but there are many factors to consider. So let’s discuss them.", "image": "https://sleeveuphomes.com/files/blog/d686e219-f3ad-494e-930f-985f5a233ec1_a-male-worker-puts-flooring.jpg", "author": { "@type": "Person", "name": "Zachariah Peterson", "url": "https://sleeveuphomes.com/blog?author=9" }, "publisher": { "@type": "Organization", "name": "SleeveUp Homes", "logo": { "@type": "ImageObject", "url": "https://sleeveuphomes.com/img/logo.svg" } }, "datePublished": "2023-03-24", "dateModified": "2023-03-24" } </script> <p>The idea of investing in a renovation project to increase your home's value can be enticing. Whether you're looking to increase the value of your home or just make it more comfortable for you and your family, one of the most popular renovation projects is installing hardwood flooring. But does hardwood flooring increase home value?</p> <p>Before you start tearing up carpets and installing hardwood floors, you need to do your research and plan accordingly. In this article, we'll discuss what factors you need to consider when planning a renovation project that includes hardwood flooring, such as cost versus return on investment (ROI).</p> <h2>Factors That Influence the Value of Real Estate</h2> <p>Hardwood flooring may seem like an easy way to add value to your home but that isn't always the case. There are many factors that impact whether or not installing hardwood will actually result in increased value for your property.</p> <p>When considering whether hardwood flooring will increase a home's value when renovating, there are several factors to consider. <strong>The most important factor is the current condition of the housing market in your area</strong>.</p> <p>If the market is strong and demand for homes is high, adding hardwood flooring may increase a home's value. On the other hand, if the market is weak and there is an oversupply of homes on the market, it may be difficult to recoup the cost of hardwood flooring when selling a home.</p> <p><strong>The second factor to consider is the condition of your existing floors</strong>. If you have carpets or laminate flooring that need to be replaced, then installing hardwood floors could increase your home's value. However, if you have tile or vinyl flooring in good condition, you may not see much improvement in value by investing in expensive hardwood floors.</p> <p>It also depends on what potential buyers are looking for in your area. In some markets, buyers may be willing to pay more for a home with newly installed hardwood floors than one with existing tile or vinyl flooring.</p> <p>In other markets, buyers may prefer real estate with tile or vinyl because they don't require regular refinishing like hardwoods do. Before deciding to install hardwood flooring as part of your home renovation project, it pays to research local trends and buyer preferences in order to determine if it will increase your home's value when selling it.</p> <h2>Types Of Hardwood Flooring</h2> <p>So, the aim of this article is to answer the question - does hardwood flooring increase home value? Besides the factors listed above, the answer largely depends on the type of hardwood flooring chosen. However, we should first define what hardwood floors are.</p> <p>Traditional, solid hardwood is made from a single piece of wood and is often considered the gold standard when it comes to adding value to a home. It can be sanded down and refinished multiple times over its lifespan, so it will last longer than many other types of flooring materials. However, because solid wood expands and contracts due to changes in humidity levels, installation costs can be higher as special techniques must be used for proper installation.</p> <p>Engineered hardwood, on the other hand, is composed of several layers of wood that have been pressed together. Typically, it has a core of high-quality plywood with a hardwood layer on top.</p> <p>The benefit of engineered hardwood is that it’s more resistant to temperature and moisture than solid wood, making it ideal for rooms with higher levels of humidity. It's also easier to install and tends to be more budget-friendly than other varieties. However, many don’t consider engineered wood true hardwood, so it may not add much value if you're looking to sell your home in the future.</p> <p>With that out of the way, let’s talk about the specific wood that is used for hardwood flooring.</p> <h3>Hardwood Grades And Costs</h3> <p>When it comes to hardwood floors, the grade of wood can make a difference in how much it increases your home value. There are various types of hardwood flooring with different grades that range from low-cost to more expensive grades. Low-cost options include softer woods like pine or fir, while more expensive grades consist of harder woods like hickory, oak, or walnut.</p> <p>The cost of installing hardwood floors will vary depending on the type and grade chosen. Higher-grade hardwoods usually carry a higher price tag due to their durability and longevity. On the other hand, lower-cost options are often cheaper in terms of installation but may not last as long.</p> <p>When renovating your home with wood floors, be sure to think about not just the initial cost of installation but also the long-term maintenance costs that could come with it. Harder woods may require more frequent polishing or refinishing over time in order to keep them looking their best, whereas softer woods may require less maintenance overall.</p> <h2>What Is The Average Cost Of Hardwood Flooring Installation?</h2> <p>We’ve discussed the different types of hardwood flooring, so now let’s discuss the costs. On average,<strong> homeowners can expect to spend anywhere between $3 to $8 per square foot on labor and between $3-10 for materials</strong>. This brings the cost of installing hardwood floors between $6 and $18 per square foot.</p> <p>Clearly, that’s a rather large range. The cost of the materials will depend on the factors discussed above, while the labor costs hinge on the type of work that needs to be done. Basic labor such as laying down subflooring and leveling out surfaces costs less, while more complex steps such as sanding or staining are more expensive.</p> <h2>Benefits Of Hardwood Floors</h2> <p><img alt="solid oak wood flooring" class="img-fluid" src="https://sleeveuphomes.com/img/solid-oak-wood-flooring.jpg" /></p> <p>While there are many <a href="https://sleeveuphomes.com/assessed-value">factors that influence a home's value</a>, hardwood flooring can certainly increase its worth. Not only does it add a warm and inviting aesthetic to any living space, but it also makes a home easier to sell and can even add resale value when the time comes. When deciding whether or not to renovate with hardwood flooring, consider the following advantages:</p> <ol> <li>Hardwood Flooring is Durable and Low Maintenance: Hardwood flooring is highly durable and easy to maintain, which means fewer repairs and less money spent over time. Plus, it doesn't require much in terms of upkeep - just regular sweeping and occasional mopping will keep it looking beautiful for years to come.</li> <li>Hardwood Flooring Increases Home Value: Installing hardwood floors can be an excellent way to increase the value of your home when you're ready to sell. Many buyers are attracted to this type of flooring because they know they won't need to spend extra money on repairs or replacements down the road.</li> <li>Hardwood Flooring Enhances Aesthetics: Last but not least, hardwood floors give any room a cozy feel without sacrificing style or sophistication. They come in various colors and finishes that can easily match any existing decor scheme while adding character and charm to any room in your house.</li> </ol> <h2>How To Prepare Before Instaling Hardwood Floors</h2> <p>Before you begin the installation process of hardwood flooring, there are some important steps you should take to ensure that your renovation will increase the value of your home. Firstly, it is essential to plan and budget for the project.</p> <p>After allocating a budget for the materials and labor costs, it's also important to consider any additional fees associated with installing hardwood flooring such as permit fees and disposal costs.</p> <p>Secondly, if you’re planning on selling your home shortly after installation, it’s best to research what kind of hardwood flooring buyers in your area prefer. Lastly, make sure to hire a professional contractor who is experienced in installing hardwood flooring so they can properly assess your space before beginning the installation process.</p> <p>Doing this helps ensure that you get the most out of your investment and makes it easier when it comes <a href="https://sleeveuphomes.com/How-Long-Does-It-Take-to-Sell-a-House-in-the-US">time to sell</a>. With proper planning and preparation, you can be confident that installing hardwood flooring will increase the value of your home.</p> <h2>Let’s Talk Numbers</h2> <p>So, if the only point of this article was to answer - does hardwood flooring increase home value? - then we could have ended with a simple yes. But we felt it was necessary to explain all the factors that could affect the value of your investment. Because, ultimately, it’s not just about increased home value, but your ROI (return on investment) when selling your real estate.</p> <p>So, are there any stats regarding the ROI when installing hardwood flooring? Unfortunately, not a lot. Precisely because of all of the moving parts we mentioned, it’s hard to determine how much you can profit from installing hardwood flooring. The most relevant stat comes from <a href="https://www.realtor.com/advice/home-improvement/will-hardwood-floors-provide-a-good-return-on-investment/">Realtor.com</a> - the ROI for hardwood floors is between 70% to 80%.</p> <h3>The ROI for Hardwood Floors in Dollars</h3> <p>The above means that if you were to pay $2,000 to install hardwood, you could sell your house for $3,400 to $3,600 more, making a profit between $1,400 - $1,600. Again, it all depends on your local market conditions, buyer preferences, the type of flooring you use, etc. So while such a high ROI may seem very enticing, it’s never a 100% safe bet.</p> <h2>Should You Sell Without Renovating?</h2> <p>We’ve answered - does hardwood flooring increase home value? The answer is a conditional yes. However, do you really need to install hardwood flooring if your main goal is to sell high? Then, the answer is a resounding <em>no</em>.</p> <p><a href="https://sleeveuphomes.com/">SleeveUp Homes</a> buys properties in Southern California for top dollar. You don’t need to make any repairs or renovations to get the best price - we’ll buy it as is. On top of that, we don’t work with realtors but buy your house directly from you so you won’t be paying any real estate agent fees.</p> <p>So, before you start installing hardwood floors, calculate how much it would cost you. Then, estimate your return on investment. With that info in hand, come to us and <a href="https://sleeveuphomes.com/request-offer">request a free cash offer</a>. We’ll do an inspection of your property and make you a cash offer.</p> <p>We believe you’ll see that there’s no reason to invest in hardwood flooring when you can already get top dollar for your house as-is.</p>
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          • short_description Does hardwood flooring increase home value? The short answer is a tentative yes, but there are many factors to consider. So let’s discuss them.
          • keywordsdoes hardwood flooring increase home value
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          • tagsDoes|Hardwood|Flooring|Increase|Home|Value
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          • created2023-03-24 10:03:43
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          • h1Plan Before You Renovate: Does Hardwood Flooring Increase Home Value?
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